Q&A: With Andrew Lo author of Adaptive Markets: Financial Evolution at the Speed of Thought. (CFA Institute)
Quote of the Day
"In short, the Bitcoin market is a marvelous case study in ambiguity and animal spirits. It is providing invaluable information about how millions of human brains process stimuli coming, in this case, from public acceptance, imagination, and innovation surrounding cryptocurrencies."
(Robert Shiller)
Chart of the Day
In a bull market the largest money manager in the world, Blackrock ($BLK), should outperform.
Markets
- India's stock market is breaking out. (allstarcharts.com)
- The top 10 stocks in Morningstar's Ultimate Stock Picker's Index. (beta.morningstar.com)
Strategy
- Missed the Dotcom Bubble? Now you get your chance with Bitcoin. (themacrotourist.com)
- Lessons learned from the Panic of 1907. (basehitinvesting.com)
- David Einhorn, "We're wrong all the time. I shouldn't say all the time. We're wrong often. We have to constantly question whether we're wrong." (marketfolly.com)
- Do you have the answer to: When to sell? (ofdollarsanddata.com)
Crypto
- Why Bitcoin "has captured something." (nytimes.com)
- The first hedge fund dedicated to cryptocurrency, the Pantera Bitcoin Fund, has just released spectacular returns. (nytimes.com)
- Why Bill Miller has half of his hedge fund in Bitcoin. (marketfolly.com)
- Bitcoin exchanges are the Wild West. (davidgerard.co.uk)
- Coinbase is now the #1 iPhone app in America. (recode.net)
Companies
- How much the leading companies make per second. (visualcapitalist.com)
- Malls are bracing for even more store closures in 2018. (bloomberg.com)
Amazon
- There was a lot of pent-up demand for Amazon Prime Video on Apple TV. (venturebeat.com)
- Amazon ($AMZN) will make an impact on the drug business. (bloomberg.com)
Finance
- StockTwits just got a huge upgrade on the web. (blog.stocktwits.com)
- The ins and outs of getting a job in finance. (alephblog.com)
Global
- When Tencent and Alibaba are doing more deals overseas. (ft.com)
- Not surprisingly, younger societies are more innovative. (papers.ssrn.com)
Economy
Earlier on Abnormal Returns
- Research links: beyond the numbers. (abnormalreturns.com)
- Disappointed and pessimistic: why happiness hits a trough in middle age. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: counterculture AND revolutionary. (abnormalreturns.com)
