Book recommendation: Whiplash: How to Survive Our Faster Future by Joi Ito and Jeff Howe is “perfectly timed.” (A VC)
Quote of the Day
"There’s some satisfaction to be found in the adulation of others. But it’s fleeting at best. Instead, sustained happiness lies in doing meaningful work day after day, week after week, no matter how loud the applause is."
(Jonathan Clements)
Markets
- A look at the distressing trend of dividend cuts. (politicalcalculations.blogspot.com)
- High valuations make for higher potential market volatility. (awealthofcommonsense.com)
- Examples of errant financial forecasts in 2016. (bloomberg.com)
Strategy
- It's hard to come up with decent S&P 500 returns going forward. (econompicdata.blogspot.com)
- Investors say they have a long term focus but few really do. (basehitinvesting.com)
- Reporting returns, pre-fee, is kind of ridiculous. (ariadnewa.com)
Offers
- Amazon's Alexa-powered Echo (and Tap) speaker is currently $40 off. (amazon.com)
- The Amazon Fire 7" Tablet is still just $39.99. (amazon.com)
Companies
- You can now broadcast live from the Twitter ($TWTR) app. (theverge.com)
- Amazon ($AMZN) Prime Video is going global. (techcrunch.com)
- AT&T ($T) and Time Warner ($TWX) is a deal too far. (theverge.com)
Apple
- The Macbook Pro launch is a sign that Apple's ($AAPL) culture is ossifying. (mondaynote.com)
- Apple's ($AAPL) new TV app is a mess. (theverge.com)
- iMessage is becoming a big business. (fastcompany.com)
- Apple ($AAPL) is dropping the battery life estimates on its new Macbook Pros. (engadget.com)
Corporate finance
- Short-term funding costs are at a eight-year high. (wsj.com)
- Want more public equity? Get rid of the tax-deductability of interest. (fortunefinancialadvisors.com)
- Berkshire Hathaway ($BRKB) now accounts for the majority of value at Berkshire Hathaway ($BRKA). (blogs.wsj.com)
Funds
- Mutual fund bigwigs are sitting down trying to save their cash cows. (wsj.com)
- Six ways to fix the mutual fund implosion. (thereformedbroker.com)
- Disruption is alive and well in the fund management business. (aswathdamodaran.blogspot.com)
- Intentionality and the challenge of ESG scores. (citywireusa.com)
Offers
- The Amazon ($AMZN) Fire TV Stick is the best streaming device under $50. (theverge.com)
- You can order the Fire TV Stick at Amazon. (amazon.com)
Economy
Earlier on Abnormal Returns
- Personal finance links: arbitraging Social Security. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: focused and boring. (abnormalreturns.com)
- Why bother breaking the glass ceiling in a broken industry? (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)
