Notes: Lessons learned from Ed Thorp’s A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market. (Investment Master Class)
Quote of the Day
"There is nothing special about risk management in asset management."
(Mark Rzepczynski)
Chart of the Day
“It looks like there are new products [for Apple] coming.” (via @asymco)
Markets
Bubbles
- What is the opportunity cost of waiting for a market correction? (elmfunds.com)
- Bubble risk is high, but recession risks are low. (capitalspectator.com)
Strategy
- Being a 'pure' buy-and-hold investor has a high psychological cost. (thereformedbroker.com)
- 10 lessons learned hanging out with a bunch of investment types around the campfire. (bloomberg.com)
Offers
- "Peak: Secrets from the New Science of Expertise" by Anders Ericsson is just $2.99 for the Kindle. (amazon.com)
- Buy two Amazon Echos in your cart and receive $100 off your order with discount code ECHO2PACK. (amazon.com)
- "The Alchemists: Three Central Bankers and a World on Fire" by Neil Irwin is just $6.99 for the Kindle. (amazon.com)
Companies
- What role Apple ($AAPL) services play in the company? (mondaynote.com)
- Why holding onto a rocket ship stock like Nvidia ($NVDA) is so tough. (thereformedbroker.com)
Finance
- HFT profitability is falling over time. (qz.com)
- There is a big difference between the haves and have-nots in the world of BDCs. (institutionalinvestor.com)
- ICO offerings are getting more sophisticated. (nytimes.com)
- Quants want more (weird) data. (bloomberg.com)
Funds
- A look at the many headwinds facing active stock pickers. (beta.morningstar.com)
- Jeff Gundlach's Doubleline Capital is turning away money. (bloomberg.com)
- The downside of branding your firm as a 'growth shop' or a 'value shop.' (pragcap.com)
Malls
- Old malls are becoming warehouses. (wsj.com)
- Money is still getting invested in malls. (bloomberg.com)
Dearborn Denim
- Back in January we wrote about being fans of Dearborn Denim jeans. (abnormalreturns.com)
- Now you can get $10 of your next order of Dearborn Denim jeans, khakis, belts etc. (rwrd.io)
Economy
- Small business optimism is surging. (calculatedriskblog.com)
- There are no free lunches in economics. (washingtonpost.com)
- A history of US immigration. (bloomberg.com)
Earlier on Abnormal Returns
- Research links: subjective wealth. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: devouring capitalism. (abnormalreturns.com)
