Adaption: Steven Pinker author of Enlightenment Now: The Case for Reason, Science, Humanism and Progress on why the world keeps getting better. (WSJ)
Quote of the Day
"The truly disadvantaged are the investors who don’t have a mental model or scaffolding for understanding the world. They will simply look at the stream of returns, listen to the news, and react."
(Daniel Egan)
Chart of the Day
Historically stocks and bonds have rarely fallen in the same year.
Markets
- Nobody really knows why the market declined last week. (qz.com)
- Why the move in the $VIX last week was SO unusual. (rcmalternatives.com)
- Despite last week, momentum is still leading the factor race over the last year. (capitalspectator.com)
Strategy
- Each of us experiences market environments in very different ways. (ofdollarsanddata.com)
- James Montier of GMO is still very much in the 'cynical bubble' camp. (gmo.com)
- What if stocks aren't the best asset for the long run? (ftalphaville.ft.com)
Crypto
- Bitcoin investors, pay your taxes! (fortune.com)
- Does trend-following work with Bitcoin? (pensionpartners.com)
- Bitcoin mining is sopping up a lot of energy in Iceland. (bbc.com)
Companies
Finance
Funds
Support
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
- Support this site by grabbing an annual membership to Abnormal Returns. (abnormalreturns.com)
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
Economy
- Small business optimism is at record-highs. (calculatedriskblog.com)
- US shale output is increasing at a record pace. (wsj.com)
- How Pittsburgh has been able to hold its own. (bloomberg.com)
Earlier on Abnormal Returns
- Research links: idiosyncratic volatility. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: a misguided measure. (abnormalreturns.com)
