Best of: The best investment books of 2016 including Money Changes Everything by William Goetzmann. (Reading the Markets)
Quote of the Day
"The market “tells us” nothing. It simply fluctuates between bouts of depression and euphoria. NOT getting caught up in that will allow you to take advantage of those periods."
(Todd Sullivan)
Markets
- Bitcoin is up 71% year-to-date. (avc.com)
- Why investors should care about a shrinking stock market. (dealbreaker.com)
Strategy
- Bonds, in general, are riskier than you think. (beta.morningstar.com)
- You're not holding enough cash. (mebfaber.com)
- Brett Steenbarger, "A self-aware trader can describe in detail his or her trading process." (traderfeed.blogspot.com)
Offers
- You can still get $5 off a $15 book purchase at Amazon by using the 'GIFTBOOK' promo code. (amazon.com)
- The Amazon 7" Fire tablet is just $39.99 for a limited time. (amazon.com)
- The Amazon Echo Alexa-powered speaker is $40 off. (amazon.com)
Companies
- Amazon ($AMZN) keeps looking more and more like a logistics company. (businessinsider.com)
- There really are only three players left in the smartwatch category. (aboveavalon.com)
Finance
- Chicago is still the listed derivatives capital of the world. (ft.com)
- Three things the hedge fund industry can learn from the rise of ETFs. (tradersmagazine.com)
- A look back at the rough year for hedge funds. (valuewalk.com)
- Leveraged buyouts are on the wane in Europe. (ft.com)
Funds
- 2017 is going to be a big year for ESG ETFs. (etf.com)
- Too many investors accept fund mediocrity. (marketwatch.com)
Global
- A look at just how dependent the Russian economy is on oil and gas. (bloomberg.com)
- Germany is experiencing a mini-baby boom. (bloomberg.com)
- Speculative flows are ebbing from the forex markets. (economist.com)
Earlier on Abnormal Returns
- Podcast links: building Patagonia. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: big risks. (abnormalreturns.com)
- The December 2016 edition of our big book link round-up. (abnormalreturns.com)
- Why bother breaking the glass ceiling in a broken industry? (abnormalreturns.com)
