Book notes: Some surprising things learned from Simon Winchester’s Pacific. (The Reformed Broker)
Quote of the Day
"ETFs have given investors the perfect vehicle with which to chase performance."
(Michael Batnick)
Chart of the Day
Japan’s central bank now owns 66% of ETF assets. (via @EricBalchunas)
Markets
Strategy
- Hard work need not yield good investment results. (thewaiterspad.com)
- Your intuition about compounding is likely way off. (theirrelevantinvestor.com)
- Unsuccessful traders force trades and stare at screens. (traderfeed.blogspot.com)
Offers
- Sign up for Audible.com and get two free audiobooks including Edward Thorp's "A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market." (amazon.com)
- Market Wizard Tony Saliba's new book "Managing Expectations: Driving Profitable Option Trading Outcomes Through Knowledge, Discipline, and Risk Management" is now out. Get a free e-book and audiobook version today. (martinkronicle.com)
- This new book, "High Returns from Low Risk: A Remarkable Stock Market Paradox" by Pim van Vliet and Jan de Koning looks right up our alley. (amazon.com)
Companies
- Does everyone have Facebook ($FB) and Twitter ($TWTR) wrong? (avc.com)
- Apple ($AAPL) TV is a mess. (businessinsider.com)
Finance
- Hedge fund investors are sick of high pass through expenses. (reuters.com)
- Another year in which public pensions did NOT lower their return assumptions. (ai-cio.com)
Funds
- A big name fund manager has snapped up shares of this bond CEF. (blogs.barrons.com)
- How much do Vanguard execs make? (bloomberg.com)
Economy
- Weekly initial unemployment claims are at record low levels. (calculatedriskblog.com)
- TIPs are now forecasting 2% inflation. (capitalspectator.com)
Earlier on Abnormal Returns
- I am on the latest edition of the Futures Radio Show with Anthony Crudele. (futuresradioshow.com)
- Startup links: Craigslist competitors. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: money personalities. (abnormalreturns.com)
- Our January book-related link roundup is decidedly finance-light. (abnormalreturns.com)
- Closing the gender gap in asset management one company at a time. (abnormalreturns.com)
- Three quotes on the value of "strong opinions, weakly held." (abnormalreturns.com)
- How the quality anomaly show up in the real world. (abnormalreturns.com)
