Review: Bill Martin’s The Smart Financial Advisor: How Financial Advisors Can Thrive by Embracing Fintech and Goals-Based Investing is both “clear and useful.” (Reading the Markets)
Quote of the Day
"Bitcoin may go up to $110,000 by the end of the 2018 before it comes down to … earth. That is how bubbles work. Just because I called it a bubble doesn’t mean it will automatically pop."
(Vitaliy Katsenelson)
Markets
- Momentum has been THE factor of 2017. (capitalspectator.com)
- Have investors lost faith in buybacks? (bloomberg.com)
- 2016's worst performers didn't bounce in 2017. (bloomberg.com)
Strategy
- Actionable news is rare: how to read financial news. (collaborativefund.com)
- If you choose to invest sustainably, returns shouldn't hold you back. (beta.morningstar.com)
- Nothing like a bubble to kick in your hindsight bias. (theirrelevantinvestor.com)
Books
- Ray Dalio will give $10 to charity if you buy a copy of his book "Principles." (principles.com)
- The best books of 2017 including Adam Carver's "Smart Portfolios." (readingthemarkets.blogspot.com)
Crypto
- The Bitcoin bubble is unique because it has happened without a banker in sight. (thereformedbroker.com)
- It's hard to build quant models for crypto when you don't have much data. (bloomberg.com)
- As Bitcoin's value has increased its use as a payment system has declined. (nytimes.com)
- Some big players are pushing back against the introduction of Bitcoin futures. (ft.com)
- One theory on why Bitcoin trading going into the launch of futures. (ftalphaville.ft.com)
- Some crypto shorthand you need to know. (thereformedbroker.com)
- Bitcoin energy use is not sustainable. (grist.org)
Alexa
- Should you get Alexa for your office? (moneyhabits.bankozarks.com)
- The Amazon Echo and Dot are once again $20 off at Amazon.com. (amazon.com)
Companies
- Shale oil producers are being held to account for not generating free cash flow. (wsj.com)
- What it's like to go on an Amazon ($AMZN) diet? (wsj.com)
Finance
- The exchanges don't want to tell you how much money they make off of market data. (wsj.com)
- Flash crashes happen in the forex markets more often than commonly thought. (bloomberg.com)
Fund management
- Elliott Management is by far and away the most successful activist investor. (fortune.com)
- Quant models decay: which is why human talent still matters. (ftalphaville.ft.com)
- Like it or not, Vanguard continues to find ways for additional growth. (bloomberg.com)
- Passive managers are devoting more resources to stewardship. (beta.morningstar.com)
- Can index funds be a force for good? (hbr.org)
Support
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
- Love Abnormal Returns? Like us on Facebook. (facebook.com)
- Want to support Abnormal Returns? Get yourself (or someone you love) an annual membership. (abnormalreturns.com)
Economy
- Weekly initial unemployment claims are bumping around low levels. (calculatedriskblog.com)
- Stop saying the stock market is up only because of the Fed. (pragcap.com)
Earlier on Abnormal Returns
- Startup links: minimum critical mass. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: ideal plans. (abnormalreturns.com)
