Recommendation: Ben Horowitz’s The Hard Thing About Hard Things is “is one of my five favorite management books ever.” (Marginal Revolution)
Quote of the Day
"Deliberate experimentation is more important than deliberate practice in a rapidly changing world."
(Michael Simmons)
Markets
- Looking for reasons behind the recent MLP sell-off. (sl-advisors.com)
- Perma-bears are not playing the odds. (theirrelevantinvestor.com)
- Notes from the Capitalize for Kids Conference 2017. (marketfolly.com)
Strategy
- Urban Carmel, "Conflating prominent, but rare, events with high probability is an ongoing impediment to better investment returns." (fat-pitch.blogspot.com)
- How to describe evidence-based investing in 10 words or less. (bpsandpieces.com)
- Why being a card carrying member of FinTwit is so worth it. (allaboutyourbenjamins.com)
Kindle
- Get "A Mind For Numbers: How to Excel at Math and Science (Even If You Flunked Algebra)" by Barbara Okaley for just $1.99 for the Kindle. (amazon.com)
- Trade-in an old Kindle and get up to $75 off a new Paperwhite. (amazon.com)
- "The Grid: The Fraying Wires Between Americans and Our Energy Future" by Gretchen Bakke is just $1.99 for the Kindle. (amazon.com)
Companies
- Why CVS ($CVS) may want to buy Aetna ($AET). (wsj.com)
- Amazon ($AMZN) is now threatening the retail pharmacy business. (bloomberg.com)
- The market prefers when companies fight back against disruption. (businessinsider.com)
Cryptocurrencies
- Need a pop in your stock? Add blockchain to the title. (ftalphaville.ft.com)
- Hackers are harnessing computers to mine Bitcoin. (wsj.com)
- Open a Coinbase account, trade $100 in cryptocurrencies and get $10 in Bitcoin free. (coinbase.com)
- Will the securities industry get 'tokenized'? (bloomberg.com)
- Bill Miller likes Bitcoin. (blogs.wsj.com)
Finance
- Private equity has stubbed its toe on retailers. (institutionalinvestor.com)
- What is the role of an American Express ($AXP) in a payment-obsessed world? (economist.com)
More stars
- There's nothing wrong with Morningstar's ($MORN) star system except how some people use it. (bloomberg.com)
- Why tilting the odds in your favor matters. (beta.morningstar.com)
Fund management
- The future of investing is 0.0%. (bloomberg.com)
- Unconstrained bond funds really haven't outperformed. (bloomberg.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 annual membership to Abnormal Returns supports the site and gives you access to exclusive goodies. (abnormalreturns.com)
Economy
- Q3 GDP came in at 3.0%. (capitalspectator.com)
- The US is not in a housing bubble but some markets are bubblicious. (urban.org)
- What amount of income constitutes 'middle class' in America today? (washingtonpost.com)
Earlier on Abnormal Returns
- Podcast links: ruining your run. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: shutting down with dignity. (abnormalreturns.com)
- The ongoing decline in ETF fees is a 'very good thing.' (abnormalreturns.com)
- In dieting and investing, when it sounds too good to be true... (abnormalreturns.com)
