List: The best books the Vox staff read in 2017 including Juli Berwald’s Spineless: The Science of Jellyfish and the Art of Growing a Backbone. (Vox)
Quote of the Day
"No single model is perfect. It will have flaws. It will not capture all market behavior. It may fail during turning points. The parameters may be wrong or the values have not been measured correctly."
(Mark Rzepczynski)
Chart of the Day

Commodities have lost ground relative to the S&P 500 for the past decade. (via @teasri see also this piece at Bloomberg.)
Markets
Strategy
- Don't let domain dependence keep you limited as an investor. (safalniveshak.com)
- How managed futures help diversify a portfolio. (mrzepczynski.blogspot.com)
Crypto
- An altcoin explainer. (wsj.com)
- Investors are jumping from one cryptocurrency to the other in hopes of cashing in. (bloomberg.com)
- There is a cadre of early cryptocurrency adopters who are essentially set for life financially. (hackernoon.com)
Companies
- Retail stores are trying to shrink their way to survival. (washingtonpost.com)
- An example of a stock buyback that paid off in spades. (wsj.com)
Fund management
- Smart beta assets recently passed $1 trillion in AUM. (ft.com)
- Mifid II is going to benefit big asset managers at the expense of their smaller brethren. (ft.com)
Support
- Want to support Abnormal Returns? Get yourself (or someone you love) an annual membership. (abnormalreturns.com)
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
Global
- Ten good things about 2017. (cfr.org)
- The US dollar is still the world's reserve currency. (nytimes.com)
Economy
- The trucking industry is operating at full capacity. Finding drivers is an issue. (ft.com)
- Maybe we need to re-think the role of land in the modern economy. (bloomberg.com)
- A review of ten economic questions for 2017. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: your time and comfort. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: bubble spotting. (abnormalreturns.com)