Excerpt: On the question of ‘when’ from Daniel Pink’s When: The Scientific Secrets of Perfect Timing. (WSJ)
Quote of the Day
"One man’s bubble is another’s wealth generating event."
(Howard Lindzon)
Chart of the Day

Asset allocation does pretty much what is supposed to do on an annual basis.
Markets
- Tech stocks are still leading the 12-month performance derby. (capitalspectator.com)
- Why is volatility so low? (swanglobalinvestments.com)
- Peter Dunn and I talked big market trends for 2017. (petetheplanner.com)
Strategy
- Morgan Housel, "Doing nothing most of the time is what makes doing something big some of the time possible." (collaborativefund.com)
- How to think about Dow 25,000. (thereformedbroker.com)
Crypto
- It goes without saying, cryptocurrencies are speculative. (danielsolin.com)
- Merrill Lynch is barring trading of Bitcoin futures and funds. (wsj.com)
- Streetwise Professor, "A lot of crypto is all about separating fools from their money. OilCoin certainly has that potential." (streetwiseprofessor.com)
Companies
Finance
Funds
Global
Economy
- 2018 will see a lot of minimum wage workers getting a raise. (ritholtz.com)
- December was another strong month for private job growth per ADP. (calculatedriskblog.com)
- Weekly initial unemployment claims are still at historically low levels. (calculatedriskblog.com)
Support
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Earlier on Abnormal Returns
- Startup links: anticipated outcomes. (abnormalreturns.com)
- Fighting filter failure is everyone's responsibility. (abnormalreturns.com)
- Would you recommend a career in investment management to a new college graduate? (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the first rule. (abnormalreturns.com)
- What books Abnormal Returns readers purchased in December 2017. (abnormalreturns.com)