Q&A: A discussion with Brad Stone author of The Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley Are Changing the World. (HBR)
Quote of the Day
"We believe that the passive phenomena is more appropriately viewed as the adoption of new technology..Investor adoption of passive and low-cost investment products will continue irrespective of market environment."
(Stephen Tu, Moody's)
Markets
- Investor expectations have gotten ahead of reality. (marketanthropology.com)
- Economic policy has surged while the $VIX has stayed quiescent. (nytimes.com)
Strategy
- Economic moats are tough to sustain. (blog.johnsoninv.com)
- On the difference between shallow and deep risk. (awealthofcommonsense.com)
Offers
- "How Will You Measure Your Life?" by Clay Christensen is just $1.99 for the Kindle. (amazon.com)
- Jack Schwager's "A Complete Guide to the Futures Market" is the "essential futures market reference guide." (amazon.com)
- Sign up for a free trial to HBO at Amazon Video so you can watch the new 'Becoming Warren Buffett' documentary. (amazon.com)
Snap
- Snap's ($SNAP) publicly traded shares will have NO voting rights whatsoever. (businessinsider.com)
- How Snap ($SNAP) stacks up against Instagram. (bloomberg.com)
Finance
Funds
- Passive could be on par with active funds by 2021. (businessinsider.com)
- Why liquid alts have not displaced hedge funds to-date. (economist.com)
Economy
- The January NFP report shows continued payroll growth and low unemployment. (calculatedriskblog.com)
- Rising wages deserve your full attention. (bloomberg.com)
- Why are Americans moving less? (citylab.com)
Earlier on Abnormal Returns
- Podcast links: time frame confusion. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: a bag of parts. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in January 2017. (abnormalreturns.com)
