Review: “The Index Revolution [by Charlie Ellis] belongs on the reading list of anyone grappling with the choice between active management and passive investing.” (Enterprising Investor)
Quote of the Day
"That’s a major difference between bull and bear markets — the quality of those that can easily get unsecured loans."
(David Merkel)
Markets
- Corporate stock buybacks jumped in December. (wsj.com)
- Momentum is still supportive of domestic equities. (capitalspectator.com)
- REITs were having a good year...until they weren't. (bloomberg.com)
- Bitcoin: still in a bull market. (businessinsider.com)
Strategy
- Try to ignore all the political debate in 2017. (pragcap.com)
- Ten lessons learned from investment blogging. (fortunefinancialadvisors.com)
Headphones
- The six best new headphones for travelers including the Bose QuietComfort Q35. (bloomberg.com)
- Get the Bose QuietComfort Q35s at Amazon. (amazon.com)
Funds
- Three recommendations for fund companies not named Vanguard. (beta.morningstar.com)
- Fund boards are increasingly coming under scrutiny. (reuters.com)
Global
- Frontier markets had a rough 2016, comparatively speaking. (wsj.com)
- The opportunity in emerging market bonds. (etf.com)
Books
- A new year, a great new offer. Check out how you can get a free e-book and audiobook version of Market Wizard Tony Saliba's forthcoming "Managing Expectations: Driving Profitable Option Trading Outcomes Through Knowledge, Discipline, and Risk Management." (managingexpectationsbook.com)
- Amazon has some GoodReads Choice Awards books on sale for the Kindle including "Lab Girl" by Hope Jahren for just $3.99. (amazon.com)
Economy
- Home prices increased at a 5.6% rate through October. (calculatedriskblog.com)
- Ten economic questions for 2017. (calculatedriskblog.com)
- Three economic lessons from 2016. (fivethirtyeight.com)
- What policymakers can learn from startups. (avc.com)
Rogue One
- Disney ($DIS) took the Star Wars franchise to the foundation and is building it back up. (bloomberg.com)
- Andrew Liptak, "By Star Wars standards, Rogue One is a morally complex story." (theverge.com)
- The politics of "Rogue One." (politico.com)
Earlier on Abnormal Returns
- Research links: living relationships. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: the multi-factor ETF bandwagon. (abnormalreturns.com)
