Review: Ed Thorp’s
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A Man for All Markets is “highly recommended for anyone interested in investing.” (Value and Opportunity
)
Quote of the Day
"While we mostly process linear relationships, investment success is also predicated on our ability to create or find non-linear trades. The best investors look for cheap convex trades."
(Mark Rzepczynski)
Chart of the Day
What’s the story behind Berkshire Hathaway’s ($BRKB) big bet on airlines?
Strategy
- On the importance of "simplifying the [investment] game." (peterlazaroff.com)
- Greg Blotnick, "At their core, market forecasts are an attempt to predict future investors’ emotions, and there is just no reliable way to do that." (blogs.cfainstitute.org)
Billions
- How realistic are the coaching sessions traders undergo in "Billions"? (businessinsider.com)
- "Billions" is back for Season 2! Sign-up for a free-trial for Showtime at Amazon Channels. (amazon.com)
Companies
Finance
- "Big brokerage firms do not appear concerned about Robinhood." (mobile.nytimes.com)
- Startup OpenFin wants to be "the industrywide operating layer" for Wall Street. (businessinsider.com)
- How much of accounting can be done by robots? (wired.com)
Funds
- Index funds have to buy stock in companies like Snap ($SNAP) where they have not voting rights. What if they didn't. (ft.com)
- What could stop Vanguard from industry domination? (awealthofcommonsense.com)
Kindle deals
- "Ego is the Enemy" by Ryan Holiday is just $1.99 for the Kindle. (amazon.com)
- Jenny Lawson's "Furiously Happy: A Funny Book About Horrible Things" is just $2.99 for the Kindle. (amazon.com)
Economy
- Fred Wilson, "There is a lot of economic surplus that could come from automation." (avc.com)
- Immigration restrictions will lower potential GDP. (calculatedriskblog.com)
- Trump has the potential to reshape the Fed board. (ft.com)
Earlier on Abnormal Returns
- ETF links: naming conventions. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks from last week on the site. (abnormalreturns.com)







