Review: The Financial Diet: A Total Beginner’s Guide to Getting Good with Money by Chelsea Fagan who is a “millennial writing, in colloquial language that is occasionally profane, for other millennials.” (NYTimes)
Quote of the Day
"What is my recommendation to all CIOs, trustees, and UHNW family offices that have fiduciary responsibility?
Some private equity and other alternative LP funds are worth it after all costs (please don’t forget taxes for individuals and trusts), but beware."
(Preston McSwain)
Markets
- Emerging market equities are leading the 12-month performance race. (capitalspectator.com)
- Do Treasury yields follow a seasonal pattern? (wsj.com)
- Homebuilder stocks are on fire. (bloomberg.com)
Crypto
Companies
Funds
- How good managers make decisions. (mrzepczynski.blogspot.com)
- The fees European fund managers are coming under increasing scrutiny. (evidenceinvestor.co.uk)
Global
Economy
- Higher wages are a risk to the bull market. (bloomberg.com)
- The Chicago Fed National Activity Index picked up in December. (calculatedriskblog.com)
Support
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Earlier on Abnormal Returns
- ETF links: a quarter of a century. (abnormalreturns.com)
- Will podcasting kill the (marginal) conference? (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- Most pension funds have unrealistic return assumptions. What you the investor can do about it. (abnormalreturns.com)