Book review: Payoff: The Hidden Logic That Shapes Our Motivation by Dan Ariely is a “good and interesting read.” (value and opportunity)
Quote of the Day
"So, if you feel inclined to buy a petite, high-cost fund that holds securities whose names you cannot pronounce, it's probably best to lie on the couch until the urge passes."
(John Rekenthaler)
Markets
- REITs rocked last week. (capitalspectator.com)
- High beta is not the same thing as momentum. (thereformedbroker.com)
- The yield on the 10 year Treasury has not been meaningfully over 2.5% since mid-2014. (wsj.com)
Strategy
- You can't use historical financial data without understanding the environment in which it occurred. (awealthofcommonsense.com)
- Why you can safely avoid all the "best stocks for 2017" lists. (washingtonpost.com)
- Traders need to be aware of phase changes in the market. (traderfeed.blogspot.com)
- Buying what you know is overrated. (thestockmarketblueprint.com)
Offers
- Amazon's Alexa-powered Echo speaker is currently $40 off. (amazon.com)
- In time for the holidays you can get $50 off an eero, the best-reviewed wifi system on the market. (talkable.com)
- The Amazon Fire 7" Tablet is just $39.99 at the moment. (amazon.com)
Numerai
- Can democratized quant finance actually make money? (ft.com)
- How Numerai is trying to harness the machine learning crowd to build a better hedge fund. (wired.com)
Global
- Now even smallish Chinese investors want to invest outside the country. (nytimes.com)
- India's cash exchange program is de factor tax amnesty. (ftalphaville.ft.com)
Economy
- Hotels had a near-record year for occupancy. (calculatedriskblog.com)
- Automation need not destroy jobs net-net. (wsj.com)
- How should we compensate the losers from globalization? (ft.com)
Earlier on Abnormal Returns
- ETF links: the costs of transparency. (abnormalreturns.com)
- Why would anyone want to run a public company these days? (abnormalreturns.com)
- A big year-end book list round-up: 2016 edition (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
