Recommendation: Brad Feld writes “Several people recommended Ray Dalio’s book Principles: Life and Work to me. I read it a few days ago and thought it was spectacular.” (Brad Feld)
Quote of the Day
"This is a lesson to us all. It’s very easy to scoff at past bubbles; it is not so easy to know how to react when one may — or may not — be surrounded by one."
(Tim Harford)
Markets
- The bond market has been a bull market for 35 years, if and when it ends it will mark a new era for investors. (marketanthropology.com)
- The stock market is on track to set a new record for all-time highs. (priceactionlab.com)
- Momentum is still the best performing factor for the past year. (capitalspectator.com)
Strategy
- How an academic paper kicked off the commodity investment boom a decade ago (or so). (awealthofcommonsense.com)
- Diversification works, just not on a fixed time table. (allaboutyourbenjamins.com)
- Why "consistency in behavior" is key for traders and investors. (martinkronicle.com)
Crypto
- South Korea is planning a crackdown on Bitcoin trading. (wsj.com)
- Matt O'Brien, "There are bubbles, there are bad investments and then there's dogecoin." (washingtonpost.com)
Finance
Funds
- The new CEO of Vanguard takes over a firm that is no longer an underdog. (bloomberg.com)
- An example of cutting fees to spite your face. (wsj.com)
Economy
- Where inflation stood at year-end 2017. (calculatedriskblog.com)
- Why inflation always seems like it is higher than the CPI. (dashofinsight.com)
- Can consumer sentiment get too frothy? (scottgrannis.blogspot.com)
- Why the Fed should just ignore Bitcoin. (bloomberg.com)
Support
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
- Get yourself (or someone you really like) an annual membership. (abnormalreturns.com)
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
Earlier on Abnormal Returns
- Podcast links: fidgety skeptics. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: incremental improvements. (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)
Mixed media
- "People leave jobs, and it’s up to managers to design jobs that are too good to leave. Great bosses set up shields — they protect their employees from toxicity." (hbr.org)
- You don't get paid what you deserve, you get paid what others think you are worth. (sethgodin.typepad.com)
- Four reasons why resumes are no longer a thing. (fastcompany.com)
