Book Q&A: An interview with CIA operative turned novelist Barry Eisler author of Livia Lone. (Eliot Peper)
Quote of the Day
"Indexing will continue to grow and expand its market share at the expense of the active funds business, but human behavior with its often irrational decision-making, will impose a ceiling below 100%, on the share of investment capital controlled by index managers. That ceiling will ensure well-functioning and efficient capital markets."
(John Bogle)
Markets
- How various asset allocation strategies performed in November. (allocatesmartly.com)
- The rotation to cyclicals continues apace. (crossingwallstreet.com)
Strategy
- The 10,000 hour rule does not apply to trading/investing. (pensionpartners.com)
- How to think about factors and diversified portfolios. (bpsandpieces.com)
- If you are going to actively invest, don't overdiversify. (intrinsicinvesting.com)
- Stocks are not GDP futures. (alephblog.com)
Macbook Pro
- The pros and cons of the new Macbook Pro. (engadget.com)
- Get the new Macbook Pro at Amazon. (amazon.com)
Companies
- A look at the Hilton ($HLT) forthcoming spinoffs. (clarkstreetvalue.blogspot.com)
- Facebook ($FB) is back in the news curation business with Collections. (businessinsider.com)
Funds
- The hedge fund industry remains overcapitalized. (sl-advisors.com)
- The asset management industry is undergoing consolidation. (ai-cio.com)
Offers
- Black Friday is over but a big sale on Sonos speakers continues. (amazon.com)
- "The Signals Are Talking: Why Today’s Fringe Is Tomorrow’s Mainstream" by Amy Webb is a Amazon Best Book for December. (amazon.com)
Global
Economy
- The unemployment rate dropped to 4.6% in November. (calculatedriskblog.com)
- The Trump administration is starting with an economy in good shape. (nytimes.com)
- American shale producers make OPEC say uncle. (bloomberg.com)
- How the economy is like a parking garage. (nytimes.com)
- How to save the Rust Belt. (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: the clean meat revolution. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: unimagined technologies. (abnormalreturns.com)
- Climate change, rising sea levels and your personal portfolio. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in November 2016. (abnormalreturns.com)
