Review: Annie Duke’s Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts is a “smart book” that covers a range of topics. (Reading the Markets)
Quote of the Day
"The problem with violent moves is that they break things. Things like allocation models. Risk profiles. Margin requirements. And so on...And when things break in the market, the mechanics take over, often forcing individuals, funds, or institutions to do something they don’t want to do – sell indiscriminately – which further exasperates already extreme moves."
(Brian Lund)
Markets
- The stock market has historically not fallen this far or fast from an all-time high. (quantifiableedges.com)
- Don't forget, this bull market has had four prior corrections. (bloomberg.com)
- Some fund-related observations from a volatile week. (morningstar.com)
- Why market narratives come out of the woodwork during market corrections. (ritholtz.com)
Strategy
- Have you checked in on your Investment Policy Statement this week? (basonasset.com)
- If you didn't have a plan in place going into the week, what are you doing? (awealthofcommonsense.com)
- In praise of sloth-like investing. (ft.com)
- The many steps toward a market bottom. (theirrelevantinvestor.com)
- Four reasons to own bonds. (pragcap.com)
Support
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
- Support this site by grabbing an annual membership to Abnormal Returns. (abnormalreturns.com)
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
Crypto
- Bitcoin has been no hedge for stock market losses. (economist.com)
- College kids are flocking to class on cryptocurrencies and blockchain. (nytimes.com)
- Why finance types love trading cryptocurrencies. (ft.com)
Companies
- Uber and Google ($GOOGL) have settled their lawsuit over autonomous vehicle technology. (bloomberg.com)
- How Amazon ($AMZN) is transforming Whole Foods. (theatlantic.com)
Funds
- Quantitative models make their biases transparent. (mrzepczynski.blogspot.com)
- Rising rates are a tailwind for managed futures strategies. (wisdomtree.com)
Economy
- Are markets really showing fear of inflation? (theatlantic.com)
- The US is facing a shortage of truck drivers. (bloomberg.com)
- Are interest rates really all that low historically? (papers.ssrn.com)
Earlier on Abnormal Returns
- Podcast links: thinking in bets. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: the hard part. (abnormalreturns.com)
- Why language matters when discussing volatile markets. (abnormalreturns.com)
