Review: Behavioral Risk Management: Managing the Psychology That Drives Decisions and Influences Operational Risk by Hersh Shefrin is a “thought-provoking book.” (CFA Institute)
Quote of the Day
"The more frequently you check your portfolio, the more painful your investing experience will be."
(Isaac Presley)
Chart of the Day
Some consumer-related tech stocks outperformed the FAANG stocks this year.
Markets
- A great overview of the US stock market as we head into 2018. (fat-pitch.blogspot.com)
- 2017 was a pretty easy ride for investors. (theatlasinvestor.com)
- Stock market volatility hasn't been this low since the 1960s. (ft.com)
- You really don't want the yield curve to invert. (bloomberg.com)
Strategy
- The distribution of outcomes in 2018 could be huge. (awealthofcommonsense.com)
- Can you use drawdowns to time managed futures strategies? (mrzepczynski.blogspot.com)
Audiobooks
Crypto
- CME ($CME) Bitcoin futures are now live. (wsj.com)
- Paul Vigna and Peter Rudegair, "Overall, 165 firms have raised more than $4 billion in 2017 through coin offerings..." (wsj.com)
- Is ZCash a better Bitcoin? (fortune.com)
- Things are getting a bit ridiculous, don't you think? (dealbreaker.com)
Companies
- Berkshire Hathaway ($BRKA) just topped $300,000 a share for the first time. (bloomberg.com)
- Chipmakers today are doing more M&A than before. (nytimes.com)
- Amazon ($AMZN) will not be undersold on smart speakers. (wsj.com)
Finance
Funds
Economy
- Homebuilder confidence is really strong to end the year. (calculatedriskblog.com)
- Higher benefits are boosting worker pay. (blogs.wsj.com)
- Americans are buying more 'non-essential' stuff these days. (bloomberg.com)
- The Fed is, for now, locked into its policy. (blogs.uoregon.edu)
Earlier on Abnormal Returns
- ETF links: counterculture AND revolutionary. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
