Review: Valley of the Gods: A Silicon Valley Story by Alexandra Wolfe tracks both the absurdity and vision of today’s Silicon Valley. (USA Today)
Quote of the Day
"Many critical investment questions cannot be solved by math. And devoting too much attention to matters quantitative, while giving insufficient attention to issues such as judgment and data quality, can be outright harmful to portfolio results."
(John Rekenthaler)
Markets
- New all-time highs don't tell us much about future returns. (blog.independenceadvisors.com)
- Traditional bond relationships have been erased. (bloomberg.com)
- How Wall Streeters feel right now. (thereformedbroker.com)
January performance
- How tactical asset allocation strategies performed in January. (allocatesmartly.com)
- Emerging market stocks lead the way in January. (capitalspectator.com)
- European bonds had a rough January. (bloomberg.com)
Strategy
Offers
- Jack Schwager's "A Complete Guide to the Futures Market" is the "essential futures market reference guide." (amazon.com)
- "How Will You Measure Your Life?" by Clay Christensen is just $1.99 for the Kindle. (amazon.com)
Apple
- Apple ($AAPL) is now 69% iPhone. (sixcolors.com)
- The space the iPad lives in is shrinking. (marco.org)
- You will want USB-C. The problem is the transition. (bloomberg.com)
Finance
- The number of sell-side analysts has shrunk 10% in the past five years. (ft.com)
- Single family homes are now an asset class. (cnbc.com)
Blackrock
- Blackrock ($BLK) now managed in excess of $1 trillion in ETF assets. (fortune.com)
- Blackrock ($BLK) is pushing farther into the infrastructure business. (wsj.com)
Warren Buffett
- Watch "Becoming Warren Buffett" for its look at his personal life. (newyorker.com)
- Sign up for a free trial to HBO at Amazon Video so you can watch the new 'Becoming Warren Buffett' documentary. (amazon.com)
Economy
- The January ADP private employment numbers surprised to the upside. (calculatedriskblog.com)
- The ISM Manufacturing index for January increased. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: crazy uncles. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in January 2017. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- A look at the 2016 EOY FinTwit league table. (twitter.com)
- Research links: avoiding cash. (abnormalreturns.com)
