Review: The Economist’s Diet by Christopher Payne and Rob Barnett is “an enjoyable account of the thought process of two non-diet professionals who hacked their way into a system that worked for them.” (Bloomberg)
Quote of the Day
"Risk hides in the familiar and screams loudly in the unknown. Somebody somewhere is texting while driving about the risk of nuclear war."
(Morgan Housel)
Markets
- The S&P 500 has to drop 50% for permabears to be proven correct. (priceactionlab.com)
- The yield curve continues to flatten as the 2-year tops 2%. (capitalspectator.com)
- Parabolic moves don't resolve by going sideways. (themacrotourist.com)
Strategy
- It's never different this time. (feld.com)
- The 60/40 portfolio going forward will be hard-pressed to match prior returns. (theirrelevantinvestor.com)
- Trying to put some parameters on what the next bear market will look like. (fortunefinancialadvisors.com)
- Portfolio managers need humility and intellectual honesty. (thewaiterspad.com)
Crypto
- Money.net wants to be the Bloomberg of crypto. (qz.com)
- How does this drop in Bitcoin compare to previous drops? (twitter.com)
- The end of the Bitcoin bubble is here. (theatlantic.com)
- Some legal advice for anyone mucking about with cryptocurrencies. (thereformedbroker.com)
Finance
- The traditional financial services industry is not set up to serve digital natives, i.e. Millennials. (observer.com)
- Big banks are paying up to attract tech talent. (ft.com)
Funds
- Fidelity's actively managed funds had a great 2017. (beta.morningstar.com)
- Female-run hedge funds have outperformed over the past decade. (fnlondon.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)
Labor markets
- It's difficult to find places in the US where there isn't labor market tightness. (clevelandfed.org)
- Why can't Americans get bigger raises? (slate.com)
Earlier on Abnormal Returns
- Personal finance links: two conflicting opinions. (abnormalreturns.com)
- Dopamine hits and the power of defaults. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: human judgment. (abnormalreturns.com)
- Our book link round-up from January 2018 including endorsements of Ray Dalio's "Principles: Life and Work." (abnormalreturns.com)
