Q&A: Derek Thompson talks with Yuval Harari author of Homo Deus: A Brief History of Tomorrow about the future of humanity. (The Atlantic)
Quote of the Day
"Fund managers and investors will eventually agree on fees. When that happens, I suspect that investors will end up paying a lot less than they do now, but more than they think they should."
(Nir Kaissar)
Markets
Strategy
- Perspective. We could all use more of it. (collaborativefund.com)
- You should spend less time on investing and more on savings & spending. (theirrelevantinvestor.com)
New and noteworthy
- "Organizational Alpha: How to Add Value in Institutional Asset Management" by Ben Carlson. (amazon.com)
- "High Returns from Low Risk: A Remarkable Stock Market Paradox" by Pim van Vliet and Jan de Koning. (amazon.com)
- "The Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley Are Changing the World" by Brad Stone. (amazon.com)
Finance
- The big banks are trying to eat away at Venmo's advantage. (bloomberg.com)
- Displacing the big banks is harder than it looks. (nytimes.com)
- IEX is making more trading data available free online. (wsj.com)
Hedge funds
- Warren Buffett is going to win his 10-year bet against the hedge fund crowd. (wsj.com)
- A scad of big-name hedge fund guys are backing this new hedge funds. (businessinsider.com)
- Politics is causing a rare, public rift at Renaissance Technologies. (wsj.com)
Global
Economy
- Weekly initial unemployment claims are at multi-decade lows. (calculatedriskblog.com)
- RIP, Kenneth Arrow. (qz.com)
Earlier on Abnormal Returns
- Startup links: the ultimate BS shield. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a generational transformation. (abnormalreturns.com)
- Dopamine, confirmation bias and hiding the technology in the back. (abnormalreturns.com)
- The 2017 Credit Suisse Global Investment Returns Yearbook is here! (abnormalreturns.com)
