Review: “The Foolish Corner [by John Howe and Rob Corrigan] is the highest-yield behavioral finance book I know of and I can’t recommend it more highly.” (White Coat Investor)
Quote of the Day
"The problem is that the fees eat up that alpha. The benefits of active management have accrued to active managers, not to asset owners...Either active management has to get better or fees need to go down."
(Tom Brakke)
Markets
- Low yields are still a fixture on the investment landscape. (mrzepczynski.blogspot.com)
- Need things to worry about? Read this. (bloomberg.com)
Strategy
- A handful of solid investment rules will outperform a more complicated process. (ofdollarsanddata.com)
- You need to know the difference between your 'investing pile' and your 'dumbass pile' (pragcap.com)
Offers
- Yuval Noah Hariri's acclaimed "Sapiens: A Brief History of Humankind" is just $4.99 for the Kindle. (amazon.com)
- "The Unthinkable: Who Survives When Disaster Strikes - and Why" by Amanda Ripley is just $1.99 for the Kindle. (amazon.com)
- Blinkist is running a huge Black Friday deal. Get a year of Blinkist Premium for just $39.99! Get big ideas for the best non-fiction books all delivered to your phone. (jump.blinkist.com)
Cryptocurrencies
- Bitcoin futures: an (arbitrage) primer. (kiddynamitesworld.com)
- There are still a number of institutional hurdles for funds to invest in Bitcoin. (bloomberg.com)
- How cryptocurrencies are like Continental currencies. Seriously. (tomtunguz.com)
- The Bitcoin universe is much broader than it was a couple of years ago. (nytimes.com)
- Supply will eventually catch with demand for Bitcoin. (bloomberg.com)
- Bitcoin will help fuel future technologies. (bloomberg.com)
- Coinbase is not only the most popular crypto app it is also one of the most popular iPhone apps. (qz.com)
- Open a Coinbase account, trade $100 in cryptocurrency and get $10 in Bitcoin free. (coinbase.com)
Companies
- Is Amazon ($AMZN) a special case or the new norm? (blogs.cfainstitute.org)
- Excel, Microsoft ($MSFT) and the future. (bloomberg.com)
Funds
- On the dangers of giving advice outside the mainstream. (beta.morningstar.com)
- Factor-based bond funds don't look all that different than the competition. (institutionalinvestor.com)
Book lists
- Thirteen books to give this holiday season including "Tribe of Mentors" by Tim Ferriss. (medium.com)
- 11 books including, Peter Bernstein's "Against the Gods," to understand investing. (ofdollarsanddata.com)
- Books about money worth giving as gifts including "The Opposite of Spoiled" by Ron Lieber. (getrichslowly.org)
Economy
- Low inflation aside, the Fed is likely to hike rates again in December. (blogs.uoregon.edu)
- The housing economy just continues to grind higher. (pragcap.com)
- On the difference between public and private safe assets. (libertystreeteconomics.newyorkfed.org)
Earlier on Abnormal Returns
- Research links: implementation costs. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: restricted choices. (abnormalreturns.com)
