Recommendation: Charles C. Mann’s The Wizard and the Prophet: Two Remarkable Scientists and Their Dueling Visions to Shape Tomorrow’s World will end up as one of the year’s best books. (Marginal Revolution)
Quote of the Day
"Your portfolio is a bowl of soup of random investments, seemingly cobbled together over time."
(Meb Faber)
Markets
- The VIX spent a lot of time under 2017 under 10. (wsj.com)
- Wall Street strategists are finally upping their allocation to equities. (bloomberg.com)
- How will we know when the current low-vol regime is over? (capitalspectator.com)
Strategy
- We investors are far too likely to mistake noise for signal. (ofdollarsanddata.com)
- Why you shouldn't plan your portfolio around a 'melt up' or 'melt down.' (pragcap.com)
Support
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
- Get yourself (or someone you love) an annual membership. (abnormalreturns.com)
Crypto
- What it's like to be a dorm room cryptocurrency miner. (qz.com)
- Matt O'Brien, "Bitcoin, in other words, is one big negative-externality machine." (washingtonpost.com)
- Bubbles make fools of everyone eventually. (blogs.wsj.com)
Companies
- Why are investors paying up for Big Brands in the age of disruption? (ft.com)
- Why Snap ($SNAP) is so paranoid about is usage data. (thedailybeast.com)
Finance
- How IPOs push firms to grow bigger. (papers.ssrn.com)
- The upside of buying stakes in private equity firms. (pionline.com)
Funds
Global
Economy
- The prime working age population in the US is nearing record highs. (calculatedriskblog.com)
- Household deleveraging is over. (bloomberg.com)
Earlier on Abnormal Returns
- Research links: financial theory. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: cause marketing. (abnormalreturns.com)
- A (belated] New Year's resolution: get a bigger f*ck it bucket. (abnormalreturns.com)
- Newton's third law of personal finance. (abnormalreturns.com)
