Review: The FinTech Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries edited by Susanne Chishti and Janos Barberis addresses a wide range of topics. (Enterprising Investor)
Quote of the Day
"While no single Cassandra moves a great deal of money, the breed as a whole has caused hundreds of billions of dollars of damage."
(John Rekenthaler)
Markets
- Jesse Livermore, "It’s important to remember that as long as cash is yielding zero or something very low, there’s no arbitrage to force asset prices lower, no dynamic to force them to conform to some historically observed level or average." (philosophicaleconomics.com)
- Why does the stock market continue to shrug off the chaos that is Trump? (theatlantic.com)
- It's hard to find a scenario where the returns on bonds are attractive. (econompicdata.blogspot.com)
Strategy
- Has 'mindless indexing' driven the market to excessive valuations? (wsj.com)
- Books and lectures will only get you so far in trading. (traderfeed.blogspot.com)
- What's the alternative to being "permaoptimistic"? (medium.com)
Billions
- A Q&A with David Levien and Brian Koppelman the team behind "Billions." (forbes.com)
- "Billions" is back for Season 2! Sign-up for a free-trial for Showtime at Amazon Channels. (amazon.com)
Berkshire Hathaway
- Warren Buffett's 2016 shareholder letter to Berkshire Hathaway ($BRKA) holders. (berkshirehathaway.com)
- Josh Brown, "The one thing Buffett has never given up on is the idea that American productivity, innovation and economic dynamism will always lead to substantially greater prosperity in the future. And he’s been right for decades, through all sorts of setbacks, crises and challenges for the nation." (thereformedbroker.com)
- Investors waste billions on investment fees every year. (bloomberg.com)
- Companies often waste money on share buybacks as well. (crossingwallstreet.com)
Books
- "Shoe Dog" by Phil Knight was the best book Warren Buffett read last year. (valuewalk.com)
- Get "Shoe Dog" from Amazon.com now. (amazon.com)
Companies
- Sand makes the fracking revolution go. (sl-advisors.com)
- Snap ($SNAP) is the Etsy ($ETSY) of social media. (dealbreaker.com)
Funds
- The contradiction of bond index funds. (barrons.com)
- The ETF Deathwatch for February 2017. (investwithanedge.com)
- ETF statistics for January 2017. (investwithanedge.com)
Offers
- The best mesh wi-fi system, eero, is now $100 cheaper. (amazon.com)
- Try Audible.com and get two free books including the likes of Yuval Noah Harari's "Homo Deus: A Brief History of Tomorrow." (amazon.com)
Economy
- What CEOs had to say about the economy this week. (avondaleam.com)
- A succinct summary of the economic week that was. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in Saturday's linkfest. (abnormalreturns.com)
- Longform links: hacks and artists. (abnormalreturns.com)
Mixed media
- It's hard to predict when (and how) a technological breakthrough will get adopted. (bloomberg.com)
- Innovation doesn't proceed in a straight line. (awealthofcommonsense.com)
- Why every company needs a 'big red stop button' that goes to the CEO. (sethgodin.typepad.com)
- On the difference between urgent and important. (sethgodin.typepad.com)
