Notes: Time on your phone is mostly time wasted. Notes from The Power of Off: The Mindful Way to Stay Sane in a Virtual World Nancy Colier. (NYTimes)
Quote of the Day
"I regard the bitcoin craze as totally asinine.."
(Charlie Munger)
Chart of the Day

New technologies are getting adopted an increasingly rapid rates.
The VIX
- The 'short the $VIX' crowd was much more instutionalized than commonly thought. (wsj.com)
- The turnaround in $VIX futures positioning over the past week has been dramatic. (wired.com)
Strategy
- Mark Rzepczynski, "For an asset that has been studied so closely, there are not definitive answers as to the value of gold investing." (mrzepczynski.blogspot.com)
- What Millennials will be investing in over the next decade. (awealthofcommonsense.com)
- It's hard investing on your own. (disciplinedinvesting.blogspot.com)
Finance
- The big private equity firms are doing more of their own investment banking. (wsj.com)
- HFT stocks, like Virtu ($VIRT), as a proxy for higher market volatility. (ft.com)
Alternatives
- Can you get your alternatives exposure some other (cheaper) way? (morningstar.com)
- Who is really paying for hedge fund underperformance? (bloomberg.com)
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)
Global
- China's population is older than you think: some investment implications. (ftalphaville.ft.com)
- 8 global cities at-risk of a housing bubble. (visualcapitalist.com)
Economy
- Weekly initial unemployment claims ticked up last week. (calculatedriskblog.com)
- Employers are have to get creative to fill jobs. (wsj.com)
- Why men are in relative decline in the white collar workforce. (bloomberg.com)
- Salaries are soaring for machine learning/AI PhDs. (bloomberg.com)
Earlier on Abnormal Returns
- ESG links: a faster pace. (abnormalreturns.com)
- Personal finance links: neither neat, easy or clean. (abnormalreturns.com)
- Here is our book link round-up for February including links to "Brotopia," "The Case Against Education" and "Off the Charts." (abnormalreturns.com)
- All the world's a bet. A look at Annie Duke's new book "Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts." (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)