Review: Brotopia: Breaking Up the Boy’s Club of Silicon Valley. by Emily Chang traces the rise of ‘bro culture’ in Silicon Valley to a startup in the 1990s. (FT)
Quote of the Day
"Over thousands of years, mankind learned to obey the laws of physics or suffer the consequences. Then the stock market came along, and with it, strange and conflicting ideas that challenge how we’ve been conditioned to view physics."
(Brian Lund)
Markets
- There are measures of risk other than the $VIX. (capitalspectator.com)
- Why an understanding market history is important for (novice) investors. (nytimes.com)
Bubbles
- Five rules to avoid investing disasters. (bloomberg.com)
- Bubbles do a good job of redistributing wealth. (bloomberg.com)
- Some facts on market drawdowns/corrections/crashes. (tonyisola.com)
Crypto
- The market for ICOs has slowed substantially. (wsj.com)
- Litecoin is the new Bitcoin....for criminals. (fortune.com)
Companies
- Twitter ($TWTR) just turned a profit. (fastcompany.com)
- Google ($GOOGL) is re-absorbing Nest. (businessinsider.com)
Finance
Risk parity
- Saying risk-parity funds cause market volatility is misguided at best. (wsj.com)
- It's easy to blame "the machines" for market turbulence. (aqr.com)
Fund management
- Blackrock ($BLK) is raising a big fund to make really long term investments. (wsj.com)
- Negative convexity and the demise of the $XIV ETN. (kiddynamitesworld.com)
- Why do mutual funds still exist? (smartleaf.com)
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Economy
- Weekly initial unemployment claims are still at historically low levels. (calculatedriskblog.com)
- The stock market's decline could take some pressure off the Fed. (bloomberg.com)
- It's been a long time since inflation was an issue for investors. (nytimes.com)
Earlier on Abnormal Returns
- Startup links: the hard part. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: true wealth. (abnormalreturns.com)
- Why language matters when discussing volatile markets. (abnormalreturns.com)
