Review: Becoming Wise: An Inquiry into the Mystery and Art of Living by Krista Tippett is a search for a more meaningful life. (Farnam Street)
Quote of the Day
"Be the person you want to become in small measure every day, and before long, you'll experience the world as that ideal person."
(Brett Steenbarger)
Chart of the Day
Five signs the money management industry is in deep sh*t including Millennials preference for ETFs.
Markets
- Speculators are wicked short Treasuries. (bloomberg.com)
- The stock market is eerily calm. (medium.com)
Strategy
- Do you know where your portfolio's risk lies? (blog.thinknewfound.com)
- Active management's demise is not imminent. (awealthofcommonsense.com)
Trend following
- Managed futures did what they were supposed to do in 2016. (longboardfunds.com)
- What the last decade looks like for trend following. (wisdomtrading.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)
- 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)
Media
- Why does Apple ($AAPL) think they can do original programming well? (arstechnica.com)
- Amazon ($AMZN) got the jump on Netflix ($NFLX) in India. (backchannel.com)
Companies
- Three troubled industries to avoid in 2017. (deadcompanieswalking.tumblr.com)
- The number of "zombie firms" is growing. (economist.com)
Finance
StockTwits
- Eight must follow people on StockTwits. (sparkfin.com)
- StockTwits drives 89% of $cashtagged social media investor traffic. (irblog.prnewswire.com)
Global
- The latest Big Mac Index shows most currencies are undervalued against the US dollar. (economist.com)
- China's consumer economy is doing better than you think. (sumzero.com)
Economy
- Another solid retail sales report in December. (calculatedriskblog.com)
- Your local mall is dying. Unless you are well-off. (bloomberg.com)
- There is a difference between being pro-business and pro-market. (promarket.org)
Earlier on Abnormal Returns
- Podcast links: Jersey boys. (abnormalreturns.com)
- What you missed in our Thursday links. (abnormalreturns.com)
- Startup links: toys and fads. (abnormalreturns.com)
- Evidence-based free throw shooting and what it means for investing. (abnormalreturns.com)
- Per Gordon Gekko, High paid MBA types are "sheep." (abnormalreturns.com)
