Excerpt: Eight insights from Tim Ferriss’ Tribe of Mentors: Shoft Life Advice from the Best in the World. (Business Insider)
Quote of the Day
“The application of machine learning science to financial prediction is still in its early stage...We are just scratching the surface.”
(Michael Kharitonov)
Markets
- Nobody wants precious metals. (allstarcharts.com)
- Quick gains are often a sign of luck. (ofdollarsanddata.com)
Strategy
- It's hard to grasp just how big a bubble the Dutch East India Company was in retrospect. (visualcapitalist.com)
- Why we continue to incur big costs for small gains. (tonyisola.com)
- Some background on history of The Permanent Portfolio. (monevator.com)
Books
Crypto
- The SEC, "Investors should understand that to date no initial coin offerings have been registered with the SEC. The SEC also has not to date approved for listing and trading any exchange-traded products (such as ETFs) holding cryptocurrencies or other assets related to cryptocurrencies. If any person today tells you otherwise, be especially wary." (sec.gov)
- Mom and Pop are trading the Bitcoin Investment Trust ($GBTC). (blogs.wsj.com)
- Asia makes up the majority of Bitcoin investors. (wsj.com)
- Three types of crypto and how to value them. (medium.com)
- The ICOs that have done the least have gone up the most. (bloomberg.com)
- The 'miracle' that is Bitcoin. (bloomberg.com)
Companies
Finance
- KKR ($KKR) is doubling down on the BDC business. (blogs.wsj.com)
- There is no shortage of companies doing lower cost international money transfers. (ft.com)
Funds
- An analysis of Steve Cohen's fintech investments. (theinformation.com)
- Quant models decay: which is why human talent still matters. (ftalphaville.ft.com)
- If the long-short hedge fund model dies, niche strategies will take their place. (bloomberg.com)
Deals
- Amazon's line of tablets are on sale including the Fire HD 8 which is just $49.99 ($30 off). (amazon.com)
- Amazon e-readers are also on sale including the popular Kindle Paperwhite at $99.99 ($20 off). (amazon.com)
- Amazon's new smart speakers are also on sale with the Echo and Echo Dot at $20 off. (amazon.com)
Global
Economy
Earlier on Abnormal Returns
- Research links: magic of diversification. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: franchise power. (abnormalreturns.com)
