Endorsement: Tyler Cowen says Peter Guardino’s The Dead March: A History of the Mexican-American War truly brought the war to life. (Marginal Revolution)
Quote of the Day
"Ultimately, traders become vulnerable when their feelings about themselves and their work are tied to short-term returns. "
(Brett Steenbarger)
Markets
Strategy
- Index funds have won. It now may be time to examine among the forgotten stocks. (blogs.wsj.com)
- Want to juice your managed futures returns? Think corporate bonds. (mrzepczynski.blogspot.com)
Crypto
- Fred Wilson, I think we are going through a similar phase of growing pains with crypto/blockchain. And things will be messy for a while. So proceed with caution, don’t get too far out over your skis, don’t invest more than you can afford to lose, and be prudent." (avc.com)
- The rise of Bitcoin has unleashed a whole mess of other manias. (ft.com)
- How Bitcoin compares to previous bubbles. (arstechnica.com)
- If the Bitcoin scene starts levering up, then worry. (businessinsider.com)
- Goldman Sachs ($GS) always wins: the case of Bitcoin. (medium.com)
- Akuna Capital is going to be a key player in Bitcoin futures. (qz.com)
Companies
- Apple ($AAPL) is buying Shazam. (venturebeat.com)
- Who knew? Twitter ($TWTR) users love 280 characters. (buzzfeed.com)
Finance
Books
- The best novels of 2017. (pastemagazine.com)
- Ray Dalio will give $10 to charity if you buy a copy of his book "Principles." (principles.com)
Fund management
- Fans of active management in fixed income are just wrong. (aqr.com)
- For hedge funds, 1-or-30 is the new 2-and-20. (pionline.com)
Global
- The credit markets are wide open: even Tajikistan can raise money. (institutionalinvestor.com)
- Why Switzerland is so peaceful. (marginalrevolution.com)
Economy
- What CEOs had to say on conference calls this week. (avondaleam.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: abusive content. (abnormalreturns.com)
