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Quote of the Day
"The normal state of affairs for the stock market is abnormal returns from year to year. We just don’t know if those returns will be abnormally high or abnormally low."
(Ben Carlson)
Market timing
- Even perfect market timing will not do that much for your portfolio. (ofdollarsanddata.com)
- How to use momentum to avoid big drawdowns. (klementoninvesting.substack.com)
Alpha
- How alpha gets transformed into beta. (morningstar.com)
- Five guiding principles for Jim Simons including: "Don't run with the pack." (mrzepczynski.blogspot.com)
iPad
- The iPad is the product that most misses Steve Jobs' influence. (stratechery.com)
- Has the iPad been a disappointment? If so, what is holding it back? (daringfireball.net)
Private equity
- Just how risky are today's private equity deals? (ftalphaville.ft.com)
- A prime example of why you should be skeptical of where private equity market assets to market. (ftalphaville.ft.com)
Fund management
- ETFs are now on top. Can they stay there? (thereformedbroker.com)
- Are investors who are dumping hedge funds just chasing returns or something else? (ft.com)
Global
- Housing prices are falling in a lot of places around the globe. (wsj.com)
- A visualization of the world's biggest oil discoveries since 1868. (visualcapitalist.com)
Society
- Americans aren't just dividing themselves based on news sources. (axios.com)
- Public libraries are a vital resource for lower income Americans. (news.gallup.com)
- Why do politicians grow beards after a setback? (vox.com)
Economy
- The Case-Shiller National House Price Index increased 3.5% year-over-year in November. (calculatedriskblog.com)
- The Conference Board’s Leading Economic Indicator model is showing its worst growth in years. (sentimentrader.com)
Earlier on Abnormal Returns
- Research links: value in disguise. (abnormalreturns.com)
- In today's Market Moment, I discuss 'tsundokuo,' or the problem of buying books you don't read. (shows.acast.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: wearing many hats. (abnormalreturns.com)
