Endorsement: Troublemakers: Silicon Valley’s Coming of Age by Leslie Berlin is a “new and excellent history.” (Marginal Revolution)
Quote of the Day
"(J)ust as we are scrutinising self-driving cars, we need to have a public debate about the computing revolution in finance. If the crazy antics of cryptocurrencies spur this, then bitcoin will have performed a public service."
(Gillian Tett)
Real assets
Buybacks
- Capex spending is often rewarded during boom periods. (fortunefinancialadvisors.com)
- Share buybacks are improperly demonized. (papers.ssrn.com)
Strategy
- Americans are holding a lot of stock. (jlfmi.tumblr.com)
- The case for activist investors. (fortune.com)
Books
- Barry Ritholtz's must-read books of 2017. (bloomberg.com)
- Ray Dalio will give $10 to charity if you buy a copy of his book "Principles." (principles.com)
Crypto
- For a markets junkie, Bitcoin has it all. (awealthofcommonsense.com)
- Coinbase is now the most popular iPhone app. (recode.net)
Finance
- Why the issuance of non-traded REITs has plummeted. (investmentnews.com)
- Echofin aims to be the 'Slack for finance.' (techcrunch.com)
Fund management
- What makes a money manager unique? (ritholtz.com)
- You can't run a AI-fund without human intervention. (economist.com)
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
- The November NFP report was strong including a 4.1% unemployment rate. (calculatedriskblog.com)
- Nine charts that explain the November NFP report. (blogs.wsj.com)
- It's hard to find much to complain about in the macroeconomy. (fat-pitch.blogspot.com)
Earlier on Abnormal Returns
- Podcast links: tipping tales. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: minimum critical mass. (abnormalreturns.com)
