Review: Derek Thompson’s Hit Makers: Why Things Become Popular should be read for “insight and provocation.” (FT)
Quote of the Day
"Moving money out of stocks because you need it within the next few years and can’t stomach that kind of risk is one thing. But making a move just because you lack confidence in President Trump could be a case of letting ideology trump investing discipline."
(Neil Irwin)
Chart of the Day
Yields have been rising. Real yields are a different story.
Strategy
- Why every 5% dip feels like a bear market. (theirrelevantinvestor.com)
- The January edition of the Graham and Doddsville newsletter Guy Shanon and Michael Blitzer of Kingstown Capital. (marketfolly.com)
Companies
- Why Apple ($AAPL) would do well to ignore the investment bankers. (daringfireball.net)
- Eric Jackson with four reasons to avoid the Snap ($SNAP) IPO. (soundcloud.com)
Berkshire Hathaway
- WTF is Warren Buffett doing with Apple ($AAPL) and airlines?!? (thereformedbroker.com)
- Warren Buffett thinks money managers charge too darn much. (bloomberg.com)
- Why Berkshire Hathaway ($BRKA) never split its stock. (blogs.wsj.com)
Offers
- "Billions" is back for Season 2! Sign-up for a free-trial for Showtime at Amazon Channels. (amazon.com)
- You can pre-order "Stealing Fire: How Silicon Valley, the Navy SEALs, and Maverick Scientists Are Revolutionizing the Way We Live and Work" by Steven Kotler and Jamie Wheal. (amazon.com)
- Students can get a six-month trial to Amazon Prime. What do you have to lose? (amazon.com)
Finance
- What is SoftBank doing with Fortress Investment Group ($FIG)? (wsj.com)
- Welcome to Greenwich, China. The village where China's hedge funds reside. (bloomberg.com)
Funds
- Should you bother with a tax-managed fund? (beta.morningstar.com)
- Fund flows and the overvaluation of smart beta strategies. (bloomberg.com)
- Why did Morgan Stanley ($MS) put inverse ETFs in a retirement account? (blogs.barrons.com)
Economy
- Gregor Macdonald, "US economic growth has quite effectively decoupled from “growth” in energy consumption." (medium.com)
- Americans are pretty stressed out. (bloomberg.com)
- Weekly initial unemployment claims continue to trend at historically low levels. (calculatedriskblog.com)
- TIPS implied inflation continues to rise. (capitalspectator.com)
Earlier on Abnormal Returns
- Startup links: leading with price. (abnormalreturns.com)
- My Q&A with Ben Carlson author of "Organizational Alpha: How to Add Value in Institutional Asset Management." (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: sophisticated and fancy sounding. (abnormalreturns.com)
- Our February round-up looking at the past month's book-related items. (abnormalreturns.com)
