Book review: Martin Fridson thinks “Wall Street Wars [by Richard E. Farley] is a fine work of popular financial history.” (Enterprising Investor
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)
Quote of the Day
"Unfortunately the momentum of the “Stay Private” movement is devastating our economy."
(Mark Cuban)
Chart of the Day
There is now nearly $6 trillion in government bonds trading with a negative yield.
Markets
- Remember muni bonds? They are up in 2016. (investmentnews.com)
- If the Fed backs off of rate rises, the US dollar could be at risk. (marketanthropology.com)
- The US stock market isn't officially in a bear market but it is acting like it is in one. (capitalspectator.com)
Strategy
- It was almost impossible to make money in 2015 as a long-only investor. (gestaltu.com)
- On the differences between individual and institutional investors. (awealthofcommonsense.com)
- Some lessons learned from some college kids interested in trading. (smbtraining.com)
Offers
- MODERN TRADER Magazine—the essential journal for professional traders and active investors. This special subscription offer includes free investment classic book! (moderntrader.com)
- Sign up for a 30-day trial of Audible.com and get two free books including "The Term Sheet: A Startup Thriller Novel." (amazon.com)
- Amazon Prime is also allows for the streaming of millions of songs. Start a free-trial now! (amazon.com)
Companies
- Kids don't want toys any more...hence merger talks between Mattel ($MAT) and Hasbro ($HAS). (bloomberg.com)
- Why Disney ($DIS) doesn't want this deal to go through. (bloomberg.com)
Corporate finance
- Why do companies still pay dividends? (pragcap.com)
- American CEOs make even more than people think. (washingtonpost.com)
Amazon Echo
- The Amazon Echo can now order you an Uber. (theverge.com)
- Check out what else the Echo can do here: (amzn.to)
Uber
- Uber needs to "man up" and go public already. (businessinsider.com)
- Morgan Stanley ($MS) clients are "blindly" buying into Uber. (nytimes.com)
Hedge funds
- Kyle Bass is shorting this non-traded REIT. (businessinsider.com)
- Hedge funds need to be wary of running internal-only funds. (bloomberg.com)
Funds
- Why investors are bad at picking alternative asset funds. (severianasset.com)
- Mediocre asset management is no longer a business. (thereformedbroker.com)
Economy
Earlier on Abnormal Returns
- Podcast links: underestimating risk. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
- Diversification, re-balancing and the risk of home country bias. (abnormalreturns.com)
- The Big Short movie: transgressive art. (abnormalreturns.com)
- The irresistible magic of the list. (abnormalreturns.com)
- A new Essential Listening is up with talks about hedge fund cloning, high-end real estate and the world of adhesives. (blogs.cfainstitute.org)
- What books Abnormal Returns readers purchased in January 2016. (abnormalreturns.com)
