List: Tim Harford recommends some books on behavioral economics including Wiser: Getting Beyond Groupthink to Make Groups Smarter. (Tim Harford)
Quote of the Day
"This is why so many traders who experience long-term success display unusual intellectual curiosity. They are driven, not just by money, but by the process of discovery."
(Brett Steenbarger)
Chart of the Day
An illustration of why 2017 has been a great year for the stock market.
Strategy
- Morgan Housel, "Good investing is about more than backing companies that perform well. It’s about backing companies that perform well within the context of the market’s current and future expectations." (collaborativefund.com)
- Investors don't understand enough about factor strategies. (institutionalinvestor.com)
- On the value of being able to express your portfolio preferences. (mrzepczynski.blogspot.com)
- Thinking about investments over the long run changes your perspective. (ofdollarsanddata.com)
Cryptocurrencies
- Zachary Karabell, "Even if Bitcoin is in a price bubble, that doesn’t make it a tulip." (wired.com)
- HFT trading firms are jumping into Bitcoin mining and trading. (ft.com)
- There is a bull market in hedge funds trading crytocurrencies. (wsj.com)
- Open a Coinbase account, trade $100 in cryptocurrencies and get $10 in Bitcoin free. (coinbase.com)
- Three companies that will get a boost from the cryptocurrency boom. (qz.com)
- Where Bitcoin buyers reside around the globe. (bloomberg.com)
- Bitcoin bubble callers are rampant. (pensionpartners.com)
Kindle Offers
- You can now get 33% off a one-year Kindle Unlimited subscription. (amazon.com)
- "Smarter Faster Better: The Transformative Power of Real Productivity" by Charles Duhigg is just $2.99 for the Kindle. (amazon.com)
- "Reclaiming Conversation: The Power of Talk in a Digital Age" by Sherry Turkle is just $1.99 for the Kindle. (amazon.com)
- "Stick with It: A Scientifically Proven Process for Changing Your Life-for Good" by Sean Young is just $0.99 for the Kindle. (amazon.com)
Companies
- How Intuitive Surgical ($ISRG) got robotic surgery to go mainstream. (fortune.com)
- Nike ($NKE) wants to automate more of its production. (ft.com)
Finance
- CLO demand is off-the-charts. (wsj.com)
- Financial services trademarks are booming in the UK. (businessinsider.com)
- Why do hedge funds still exist? (etf.com)
Fund management
- Money manager Dodge & Cox "eats its own cooking." (nytimes.com)
- TIAA is coming under increasing scrutiny. (nytimes.com)
- Rondure Global Advisors is an interesting money management startup. (barrons.com)
Support
- Sign-up for our daily e-mail newsletter to stay up-to-date with all of our posts. (abnormalreturns.com)
- Like (and follow) Abnormal Returns on Facebook! (facebook.com)
- An Abnormal Returns membership helps support this site. (abnormalreturns.com)
Economy
- The Chicago Fed National Activity Index (CFNAI) picked up in September. (calculatedriskblog.com)
- Thomas Piketty's data is getting called into question. (bloomberg.com)
- Military recruits (and veterans) are not uniformly spread across the US. (bloomberg.com)
Earlier on Abnormal Returns
- ETF links: going off the rails. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Summing up last week's series of Blogger Wisdom posts. (abnormalreturns.com)
