Review: Hedge Fund Investing: A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance by Kevin R. Mirabile is a “thorough yet practical textbook.” (Enterprising Investor)
Quote of the Day
"In fact, for an active strategy to have the potential to outperform in the long run, we believe it must be difficult to hold in the short-run."
(Corey Hoffstein)
Markets
- The equity risk premium has fallen: the question is why. (fatasmihov.blogspot.com)
- Investment returns are frequently misstated by marketers. (beta.morningstar.com)
- The year in volatility. (etf.com)
Strategy
- On the importance of avoiding being a forced seller. (theirrelevantinvestor.com)
- Ben Carlson, "People hate to admit that they don’t know everything." (awealthofcommonsense.com)
- Brett Steenbarger, "Noticing a problem is necessary to solving it, but not sufficient." (traderfeed.blogspot.com)
Offers
- Today is "digital day" at Amazon with discounts on movies, music, apps and games. (amazon.com)
- 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)
Companies
- Apple ($AAPL) AirPods are on backorder. (9to5mac.com)
- 17% of Americans never shop on Amazon ($AMZN). (wsj.com)
- Tech companies are fighting hard to add women to their boards. (nytimes.com)
Finance
- TheStreet Inc. ($TST) is at-risk of being de-listed. (latimes.com)
- 2016 was a slow year for global IPOs. (ft.com)
- The NYMEX is shutting down its trading floor for good today. (wsj.com)
- Are mergers good or bad for the economy? (cbsnews.com)
Hedge funds
- The golden age of hedge funds is over. (bloomberg.com)
- How to make a better pitch: speak plain English. (meylercapital.com)
Funds
Economy
- What RV sales tell us about the state of the American economy. (theatlantic.com)
- Still no sign of weakness from weekly initial unemployment claims. (calculatedriskblog.com)
- Is now really the right time for a big economic stimulus? (bloomberg.com)
- Are mergers good or bad for the economy? (cbsnews.com)
Earlier on Abnormal Returns
- The top 5 posts (and clicks) on Abnormal Returns from 2016. (abnormalreturns.com)
- Podcast links: unlikely journeys. (abnormalreturns.com)
- Startup links: technology risk. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: blinded decisions. (abnormalreturns.com)
Good news
- 5 positive environmental stories from 2016. (washingtonpost.com)
- 13 undeniably good things that happened in 2016. (pbs.org)
