Q&A: An excerpt from a discussion with Cal Newport author of Deep Work: Rules for Focused Success in a Distracted World. (Thrive Global)
Quote of the Day
"A crisis is not simply a fat tail event or a bad draw from the urn. It is a draw from a new urn. "
(Rick Bookstaber)
Markets
- Is it finally time to worry about stock market valuations? (blogs.wsj.com)
- SKEW is not a very good measure of tail risk. (pensionpartners.com)
- Politics affects stock market optimism. (theatlantic.com)
- It's time to add some 'tail risk protection' to your portfolio. (mebfaber.com)
Strategy
- Five questions every investor should ask about an investment according to Howard Marks. (exploringmarkets.com)
- What type of investor are you? (valuewalk.com)
Lincoln in the Bardo
- Megan Mullally and Nick Offerman are going to produce a film version of George Saunder' "Lincoln in the Bardo." (qz.com)
- You can get the book (or audiobook) of George Saunders' "Lincoln in the Bardo" at Amazon. (amazon.com)
Fund management
- There is still plenty of fat to cut from investor fees. (mebfaber.com)
- AQR has succeeded by bring alternative strategies to the masses. (forbes.com)
- Another salvo in the ETF price war. (etf.com)
Books
- More publishers need to embrace the Kindle Matchbook model. (feld.com)
- Get Brad Feld and Jason Mendelson's "Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist" and get the Kindle version for just $2.99 more. (amazon.com)
Global
- A review of the state of the Mexican economy in the age of Trump. (ft.com)
- Globe-trotting surfers can be a boon for a local (beach) economy. (bloomberg.com)
- How Brexit could affect the British horseracing industry. (businessinsider.com)
Economy
- Weekly initial unemployment claims are higher but still at low levels. (calculatedriskblog.com)
- The American economy is a millionaire-generating machine. (thereformedbroker.com)
Real estate
- A surprising number of US cities are now majority renter. (bloomberg.com)
- Despite the hype Americans are still moving to the suburbs. (fivethirtyeight.com)
Earlier on Abnormal Returns
- Startup links: seed meetings. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: financial paperwork. (abnormalreturns.com)
