An Exclusive Offer for Abnormal Returns Readers:

This week’s sponsor, Validea, has been running model portfolios based on the strategies of great investors since 2003. The Ben Graham and Peter Lynch-based models are both in the top five all-time performs. The others may surprise you! Abnormal Returns readers get an exclusive discount subscription offer to Validea & Validea Professional.

Quote of the Day

"The filter bubble explains a lot about how liberals didn’t see Trump coming, but not very much about how he won the election."

(Eli Pariser)

Chart of the Day

Bitcoin vs. Gold.