Review: Michael Lewis’ The Undoing Project: A Friendship That Changed Our Minds “captivated” both Cass Sunstein and Richard Thaler. (New Yorker)
Quote of the Day
“There’s no great advantage of being public...The dangers of being a public company are really evident.”
(Jerry Davis)
Markets
- The S&P 500 has experienced seven straight years of dividend growth. (crossingwallstreet.com)
- 2016 was not a particularly volatile year. (aqr.com)
Strategy
- Things to keep in mind when going active. (bloomberg.com)
- 10 ways to be a terrible investor in 2017. (monevator.com)
- What it means to trade with focus. (traderfeed.blogspot.com)
Offers
- Pre-order Market Wizard Tony Saliba's forthcoming "Managing Expectations: Driving Profitable Option Trading Outcomes Through Knowledge, Discipline, and Risk Management" and get a free e-book and audio version, to boot. (martinkronicle.com)
- Sign up for a free trial to Audible.com and get two free books including "A Man for all Markets." (amazon.com)
- Pre-order the forthcoming memoir by Ed Thorpe "A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market." (amazon.com)
Business
- The Big Five tech companies increasingly look like "a new superclass of American corporate might." (nytimes.com)
- Shareholder value seems to be played out as a governing scheme for American corporations. (bloomberg.com)
Amazon
- Alexa as Amazon's ($AMZN) operating system. (stratechery.com)
- How Amazon ($AMZN) tries to meet customer needs. (vox.com)
- Amazon ($AMZN) is bidding for bankrupt American Apparel. (reuters.com)
Funds
- If you hedge fund suffered a nearly 50% drop in 2016 you might want to re-think your strategy. (bloomberg.com)
- Why mutual fund companies are largely free from lawsuits. (beta.morningstar.com)
Economy
- Weekly initial unemployment claims are plumbing new depths. (calculatedriskblog.com)
- ADP private employment in December increased nicely. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Startup links: change produces information. (abnormalreturns.com)
- Soros, fallibility, reflexivity, and the importance of adapting. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: good wealth management. (abnormalreturns.com)
