Book list: For the holidays some great business books including How to Make a Spaceship: A Band of Renegades, an Epic Race and the Birth of Private Spaceflight by Julian Guthrie. (WSJ)
Quote of the Day
"The best investors in the world pursue strategies that suit their skills and emotional strengths. This gives them the “unbelievable ability” to see those strategies through."
(Isaac Presley)
Markets
- The top 10 buys and sells from the ultimate stock pickers. (beta.morningstar.com)
- Why high yield bonds don't get hurt as badly by rising Treasury rates. (blog.abglobal.com)
- Small cap stocks are a nightmare. (awealthofcommonsense.com)
Strategy
- Some good advice for a novice investor. (marketwatch.com)
- The top 100 financial advisor blogs. (blog.feedspot.com)
Books
- Mike Dariano's favorite books of 2016 including: (thewaiterspad.com)
- "The Wright Brothers" by David McCullough is "as good as everyone says." (amazon.com)
- "A Curious Mind" by Brian Glazer is a "surprisingly enjoyable book." (amazon.com)
Activist investors
- Why companies should try to avoid proxy fights. (nytimes.com)
- Why top managers should listen to activist investors. (hbr.org)
Companies
- How Google ($GOOGL) is challenging Amazon ($AMZN) AWS. (stratechery.com)
- Snap ($SNAP) is successful in part because it doesn't see itself as a Silicon Valley tech company. (nytimes.com)
- Why the Apple ($AAPL) Macintosh will not be able to avoid the fate of the rest of the PC market. (qz.com)
Finance
- Can Calpers make the move from a 7.5% to a 6.0% discount rate? (institutionalinvestor.com)
- Art Lipson now targets the obscure little backwater that is closed-end funds. (bloomberg.com)
Global
Economy
- ADP private employment increased steadily in November. (calculatedriskblog.com)
- Personal income increased nicely in October. (calculatedriskblog.com)
Netflix
- Netflix ($NFLX) will now allow users to download content. (theverge.com)
- The best stuff you can now download on Netflix ($NFLX). (theverge.com)
Earlier on Abnormal Returns
- Personal finance links: what simple means. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: grounded in reality. (abnormalreturns.com)
