12/17/17 – Sunday’s Interest-ing Reads

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  • Tyler Cowen, "Volatility is a feature of Bitcoin, not a bug, and that is in part for reasons that have nothing to do with speculation or bubbliness, but rather follow from the contours of the utility function." (marginalrevolution)
  • A succinct summary of the week’s economic events. (ritholtz)
  • The economic schedule for the coming week. (calculatedriskblog)
  • Are recent returns really that out of whack with history? (capitalspectator)
  • Analysts and VPs at Blackstone seem like a pretty satisfied lot. (wallstreetoasis)
  • What CEOs had to say about the economy this year (in review). (avondaleam)
  • Active managers are wicked bullish. (jlfmi.tumblr)
  • The case for commodities. (mrzepczynski.blogspot)
  • Are you still using a RSS reader? (theverge)
  • Korea is cracking down on Bitcoin. (bloomberg)
  • Where Millennials are buying homes. (finuke)
  • A decade in, what did we learn from the Great Financial Crisis? (economist)
  • You never know where the best ideas will come from. (awealthofcommonsense)
  • Growing concentration in the hands of index fund investors will eventually bite back. (beta.morningstar)
  • The vast majority of Bitcoin miners are in China. (bloomberg)
  • That being said, investors think the market is overvalued. (blogs.wsj)
  • How Twitter ($TWTR) reinvented itself in plain sight. (slate)
  • Tax law changes are going to have a big effect on the muni market. (barrons)
  • Should the Justice Department approve a Disney ($DIS)-Fox deal? (theatlantic)
  • The margins on Bitcoin futures are the highest of any contract. (economist)
  • Tumblr is sinking into irrelevance. (hackernoon)
  • Why grains seem to do nothing but go down. (themacrotourist)
  • The 20 best nonfiction books of 2017. (pastemagazine)
  • The math behind Bitcoin mining energy use. (wired)
  • Why Apple ($AAPL) continues to invest in music (Shazam, HomePod, etc.). (asymco)
  • Global markets are going up for two very good reasons. (thereformedbroker)
  • You can’t blame Amazon ($AMZN) for all of retails woes. (bloomberg)
  • Why the media is filled with stories of those who struck it rich with concentrated investments. (creativeplanning)
  • Bitcoin hearts chaos. (l2inc)
  • Satellites are changing how traders track commodities. (bloomberg)
  • John Griffin’s Blue Ridge Capital is closing its doors. (bloomberg)
  • Having an underfunded pension is getting more expensive. (bloomberg)
  • Harvard is spinning out its direct real estate investing group to Bain Capital. (wsj)
  • Why ‘social’ and ‘media’ should split. (niemanlab)

12/16/17 – Saturday’s Interest-ing Reads

  • Mr. Rogers was just the best. (parttimegenius.show)
  • Can technology use your online data to predict self-harm? (scientificamerican)
  • Grantham: Investing in a World of Overpriced Assets (gmo)
  • Recurring meetings are a waste. (m.signalvnoise)
  • The best films of 2017. (wsj)
  • Why you shouldn’t ask your kids "How was school?" (nytimes)
  • Coal is dying due to economics, not regulation. (stlouisfed)
  • The ten best gadgets of 2017. (pastemagazine)
  • How Adidas became so enmeshed with the University of Louisville. (espn)
  • In China, a Three-Digit Score Could Dictate Your Place in Society (wired)
  • 16 Things Your Successful Friends Have Given Up (medium)
  • Joe Weisenthal and Tracy Alloway talk with John Alberg of Euclidean Technologies and Zachary Lipton of Carnegie Mellon about using machine learning to predict company fundamentals. (bloomberg)
  • Descript solves a
Read the rest
  • Mr. Rogers was just the best. (parttimegenius.show)
  • Can technology use your online data to predict self-harm? (scientificamerican)
  • Grantham: Investing in a World of Overpriced Assets (gmo)
  • Recurring meetings are a waste. (m.signalvnoise)
  • The best films of 2017. (wsj)
  • Why you shouldn’t ask your kids "How was school?" (nytimes)
  • Coal is dying due to economics, not regulation. (stlouisfed)
  • The ten best gadgets of 2017. (pastemagazine)
  • How Adidas became so enmeshed with the University of Louisville. (espn)
  • In China, a Three-Digit Score Could Dictate Your Place in Society (wired)
  • 16 Things Your Successful Friends Have Given Up (medium)
  • Joe Weisenthal and Tracy Alloway talk with John Alberg of Euclidean Technologies and Zachary Lipton of Carnegie Mellon about using machine learning to predict company fundamentals. (bloomberg)
  • Descript solves a big problem for podcasters. (medium)
  • Google’s true origin partly lies in CIA and NSA research grants for mass surveillance (qz)
  • 7 lessons learned about dealing with depression. (blog.techinclusion.co)
  • Ray Dalio author of "Principles: Life and Work" at Goldman Sachs. (youtube)
  • College is a time to make mistakes. (nytimes)
  • Not everyone wants a weed store next door. (bloomberg)
  • CBT is ‘scientific Stoicism.’ (bakadesuyo)
  • How Instagram hooks you. (medium)
  • The ten best films of 2017. (hollywoodreporter)
  • Where does intuition stand, in the age of big data? (1843magazine)
  • Can you robo-proof your child’s future? (nytimes)
  • Khe Hy talks mostly non-hedge fund stuff with Ted Seides. (radawakenings)
  • Why trucking is such an attractive market opportunity. (fortune)
  • Why you need a flu shot every year. (nytimes)
  • The best movies of 2017. (slate)
  • INSEAD is the best MBA program outside the US. (bloomberg)
  • The lengths to which restaurants will go to unmask restaurant critics. (washingtonian)
  • More evidence that pre-school pays off. (npr)
  • Barry Ritholtz talks with Bridgewater CEO Ray Dalio. (bloomberg)
  • Secure your prescription meds. (thelily)
  • The competition in the full-size pickup market is only going to get more intense. (bloomberg)
  • Shohei Ohtani might be the most underpaid man in the world. (theatlantic)
  • Detecting Lies on Earnings Calls (strategy-business)
  • Fly fishing is making a push to get more women involved. (nytimes)
  • The Q3 2017 edition of the GMO quarterly letter including a look at what happens if inflation picks up. (gmo)
  • Jesse Felder talks with Roger McNamee about the problems with technology. (thefelderreport)
  • Why Garbage Science Gets Published (nautil.us)
  • How parents can help anxious children. (wsj)
  • The Swiss private bank is losing its luster. (ft)
  • "Our oceans are swimming in plastic." (ft)
  • The best movies of 2017. (nytimes)
  • Shane Parrish talks with Warren Berger, self-proclaimed "questionologist" and author of "A More Beautiful Question." (farnamstreetblog)
  • Just 20% of e-waste is recycled. (arstechnica)
  • The Agile Manifesto and the software revolution it spawned was hatched at ski resort in Utah. (theatlantic)
  • How a ketogenic diet can offset metabolic syndrome. (bigthink)
  • Brett McKay talks with Jeanne Martinet author of the book "The Art of Mingling." (artofmanliness)
  • How to Rebuild Puerto Rico (bloomberg)
  • The best tablets (and 2-in-1s) of 2017 including the iPad Pro. (pastemagazine)
  • The Little Blue Pill: An Oral History of Viagra&#xA0 (bloomberg)
  • There are now more than 6000 craft breweries in the US. (pastemagazine)
  • Why the Google ($GOOGL) AlphaZero news is such a big deal. (en.chessbase)
  • Bill Ackman is hoping for a turnaround in 2018. (institutionalinvestor)
  • The best science books of 2017. (brainpickings)
  • How Wes Gray came to found Alpha Architect. (alphaarchitect)
  • Police shoot more than twice as many Americans as previously understood (news.vice)
  • Podcast listeners like their ads, old school. (digiday)
  • Fueling the Bull Market (blog.yardeni)
  • Why men seem to have weaker immune systems. (slate)
  • Five wine books to buy. (nytimes)
  • "Investing: The Evidence" wants everyone, including novice investors through the case for evidence-based investing. (youtube)
  • Globally we throw away 1/3 of the food we grow. (nytimes)
  • Gay on Wall Street (institutionalinvestor)
  • You are already a curator whether you like it or not. (medium)
  • Teens are smoking less weed in state with marijuana legalization. (news.vice)
  • Brian Koppelman talks with the creators of "The Big Sick" Kumail Nanjiani and Emily Gordon. (itunes.apple)
  • The ten best films of 2017. (variety)
  • Airports are losing parking revenue as ride-hailing services gain ground. (nytimes)
  • “Secret” Driver of US Health Care Costs: Politicians Wanting to Get Reelected (promarket)
  • Patrick O’Shaughnessy talks with Franklin Foer author of "World Without Mind: The Existential Threat of Big Tech." (investorfieldguide)
  • College is more than just signaling. (bloomberg)
  • Hurricanes are so devastating in the US because we don’t restrict building in flood plains. (reuters)
  • The Alt-Right Created a Parallel Internet. It’s an Unholy Mess. (nytimes)
  • Nearly 60 university presidents make $1 million a year. (bloomberg)
  • A big profile of Jim Simons and his work at The Flatiron Institute. (newyorker)
  • How loneliness affects your health. (nytimes)
  • The Department of Defense recognizes the problem of climate change. (qz)
  • Why intelligent people suffer more emotional disorders. (bigthink)
  • Why the flu shot is not a sure bet against getting influenza. (wsj)
  • The best movies of 2017. (newyorker)
  • Revealed: The Secrets of One of the World’s Dirtiest Banks and Its Powerful Western Protectors&#xA0 (buzzfeed)
  • Pittsburgh’s airport is a destination in and of itself. (nytimes)
  • Eataly, the Disneyland of pasta, is going public. (fortune)
  • Exercise can make the fat you have healthier. (nytimes)
  • 2018 Could Be the Last Time Stock Pickers Rule Investing (bloomberg)
  • The Human Cost of the Ghost Economy (longreads)
  • Jeff Jordan talks with NASDAQ CEO Adena Friedman. (a16z)
  • Bob Lefsetz talks with Nathan Hubbard former CEO of Tickemaster about the "black hole of the music industry." (lefsetz)
  • Michael Covel talks with Matt Smith CEO of Royalty Exchange. (trendfollowing)
  • 2017 was the year we realized that the tech giants have responsibilities, whether they like it or not. (nytimes)
  • Austin, Texas loves its neon signs. (curbed)
  • Adding Value and Expressing Values (beta.morningstar)
  • Sexism was a part of computer science from the get-go. (wsj)

12/14/17 – Thursday’s Interest-ing Reads

  • Valuing a portfolio of illiquid assets is part art, part science. Just as Harvard. (wsj)
  • You have to have some extra juice to raise capital these days. (hunterwalk)
  • Don’t work for a startup unless you believe in the CEO. (m.signalvnoise)
  • Todd Combs reads 12 hours a day. (alumni.fsu.edu)
  • How big a portfolio do you need a the seed stage? (medium)
  • Growth curves can have all sorts of discontinuities. (sethlevine)
  • You have one job as a founder: fire yourself. (hackernoon)
  • AmazonBasics is moving beyond the basics. (qz)
  • Why big banks are investing in cybersecurity startup Menlo Security. (fortune)
  • 11 new-ish mutual funds Morningstar analysts really like. (beta.morningstar)
  • A talk with Joanne Wilson, aka Gotham Gal. (investorfieldguide)
  • Pimco is building out a platform to make it easier
Read the rest
  • Valuing a portfolio of illiquid assets is part art, part science. Just as Harvard. (wsj)
  • You have to have some extra juice to raise capital these days. (hunterwalk)
  • Don’t work for a startup unless you believe in the CEO. (m.signalvnoise)
  • Todd Combs reads 12 hours a day. (alumni.fsu.edu)
  • How big a portfolio do you need a the seed stage? (medium)
  • Growth curves can have all sorts of discontinuities. (sethlevine)
  • You have one job as a founder: fire yourself. (hackernoon)
  • AmazonBasics is moving beyond the basics. (qz)
  • Why big banks are investing in cybersecurity startup Menlo Security. (fortune)
  • 11 new-ish mutual funds Morningstar analysts really like. (beta.morningstar)
  • A talk with Joanne Wilson, aka Gotham Gal. (investorfieldguide)
  • Pimco is building out a platform to make it easier for advisor clients to invest in alternative assets. (wsj)
  • Seedrs wants to take crowdfunding across Europe. (ft)
  • You can now borrow against your Bitcoin. (bloomberg)
  • The Rise of the Rest Fund is pouring fuel on a smoldering fire. (ianhathaway)
  • Momoe Ikeda-Chelminska, "Professional investors must change their perception of ESG analysis from a performance drag to a method of evaluating how a company conducts business." (blogs.cfainstitute)
  • A profile of Alan Patricof of Greycroft Partners. (fortune)
  • Tomasz Tunguz, "Why are postmoney conversations simpler?" (tomtunguz)
  • Business Insider is losing the ‘Business’ part of its name. (wsj)
  • Fintech is only accelerating. (howardlindzon)
  • Arjun Sethi, "A moat today is simply a temporary buffer that helps a company get ahead of the next innovation cycle." (medium)
  • Why Canadian economic growth may be set for a downshift. (business.financialpost)
  • Network effects are the biggest value driver. (medium)
  • You can’t bullshit a good VC. (hunterwalk)
  • Should journalists write about Bitcoin while owning Bitcoin? (niemanlab)
  • Druce Vertes, "Blockchain takes the open-source paradigm to a meta level." (blog.streeteye)
  • Stock options are not well suited to the unicorn era. (bloomberg)
  • How to put together a crypto index fund. (etf)
  • Why isn’t the SEC doing more to halt ICOs? (wsj)
  • Nobody knows where Bitcoin prices area headed. (danielsolin)
  • There’s nothing easy about trading cryptocurrencies. (allaboutyourbenjamins)
  • Target ($TGT) is buying Shipt to better compete with Amazon ($AMZN). (latimes)
  • It’s only a matter of time until the big tech companies dive into finance. (bloomberg)
  • How much should founders pay themselves. (blog.cardash)
  • What Is a 409A Valuation? (medium)
  • When VC activity surges, M&A soon follows. (papers.ssrn)
  • A bunch of b-school profs pick the best business books they read all year including "Janesville" by Amy Goldstein. (ft)
  • Bitcoin rules the crypto-roost, for now. (thereformedbroker)
  • Still no pick up in weekly initial unemployment claims. (calculatedriskblog)
  • Amazon ($AMZN) is expanding same-day delivery to more markets around the country. (techcrunch)
  • How AngelList syndicates have evolved over time. (medium)
  • Benedict Evans, "A lot of the story of Amazon for the last 20 years is of how many Ys turned out to by Xs – how many categories that people thought could not be sold online and could not be sold as commodities turned out to be both." (ben-evans)
  • Cullen Roche, "IDGAF will set you free from the risk of FOMO." (pragcap)
  • We may have reached "peak subscription box." (bloomberg)

12/13/17 – Wednesday’s Interest-ing Reads

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12/12/17 – Tuesday’s Interest-ing Reads

  • If the long-short hedge fund model dies, niche strategies will take their place. (bloomberg)
  • Bankers are no longer risk-seeking. (corpgov.law.harvard.edu)
  • A momentum investing reading list. (capitalspectator)
  • Asia makes up the majority of Bitcoin investors. (wsj)
  • A look at the structural break in mean reversion for major stock market indices. (factorresearch)
  • Want more factor oomph? Focus on small caps. (beta.morningstar)
  • The SEC, "Investors should understand that to date no initial coin offerings have been registered with the SEC. The SEC also has not to date approved for listing and trading any exchange-traded products (such as ETFs) holding cryptocurrencies or other assets related to cryptocurrencies. If any person today tells you otherwise, be especially wary." (sec.gov)
  • There is no shortage of companies doing lower cost international money
Read the rest
  • If the long-short hedge fund model dies, niche strategies will take their place. (bloomberg)
  • Bankers are no longer risk-seeking. (corpgov.law.harvard.edu)
  • A momentum investing reading list. (capitalspectator)
  • Asia makes up the majority of Bitcoin investors. (wsj)
  • A look at the structural break in mean reversion for major stock market indices. (factorresearch)
  • Want more factor oomph? Focus on small caps. (beta.morningstar)
  • The SEC, "Investors should understand that to date no initial coin offerings have been registered with the SEC. The SEC also has not to date approved for listing and trading any exchange-traded products (such as ETFs) holding cryptocurrencies or other assets related to cryptocurrencies. If any person today tells you otherwise, be especially wary." (sec.gov)
  • There is no shortage of companies doing lower cost international money transfers. (ft)
  • Tim Maurer, "What elements of your work are nourishing and life-giving?" (timmaurer)
  • Why we continue to incur big costs for small gains. (tonyisola)
  • Fire sales are never secret: the evidence. (papers.ssrn)
  • When civilization collapses, here’s hoping you are in Switzerland. (marginalrevolution)
  • Today’s must-read: This profile of Jim Simons, the Numbers King, at New Yorker (New Yorker)
  • Lessons from the General (Irrelevant Investor)
  • Nick Murray’s favorite books of 2017 including Scott Nations’ A History of the United States in "Five Crashes: Stock Market Meltdowns That Defined a Nation." (fa-mag)
  • How short strategies can help with tax efficiency. (cfainstitute)
  • Some background on history of The Permanent Portfolio. (monevator)
  • Quick gains are often a sign of luck. (ofdollarsanddata)
  • Why we discount the power of education effort and environment on success. (bloomberg)
  • Five questions for Wes Gray about momentum. (capitalspectator)
  • The statistics point toward the value of more diverse corporate boards. (bloomberg)
  • An analysis of Steve Cohen’s fintech investments. (theinformation)
  • On the benefits of highlighting your failures and disappointments. (behavioralscientist)
  • Disney’s ($DIS) interest in Fox assets is in large part to take on Netflix ($NFLX). (stratechery)
  • It’s hard to grasp just how big a bubble the Dutch East India Company was in retrospect. (visualcapitalist)
  • When independent board members leave, take heed. (alphaarchitect)
  • The ICOs that have done the least have gone up the most. (bloomberg)
  • Momentum seems to be useful in market timing factors. (alphaarchitect)
  • Many people trade likely scam stocks in the hopes of making a quick buck. (qz)
  • Your weekly reminder that alpha is ephemeral and outperformance does not persist (Wall Street Journal)
  • The ‘miracle’ that is Bitcoin. (bloomberg)
  • Mom and Pop are trading the Bitcoin Investment Trust ($GBTC). (blogs.wsj)
  • Nobody wants precious metals. (allstarcharts)
  • Who is the biggest financial charlatan of the year? Vote here: (Google Docs)
  • KKR ($KKR) is doubling down on the BDC business. (blogs.wsj)
  • Small business optimism is near an all-time high. (calculatedriskblog)
  • The real driving force behind Bitcoin Mania: The Asian middle class (Wall Street Journal)
  • Three types of crypto and how to value them. (medium)

12/11/17 – Monday’s Interest-ing Reads

  • A succinct summary of the week’s economic events. (ritholtz)
  • Bloomberg is struggling to keep its terminal counts steady. (qz)
  • Startup, Prattle, looks to apply NLP techniques to Fed and earnings calls. (bloomberg)
  • The 19 best business books of 2017. (businessinsider)
  • Akuna Capital is going to be a key player in Bitcoin futures. (qz)
  • Must-have tools and tips for year-end retirement planning (usatoday)
  • For hedge funds, 1-or-30 is the new 2-and-20. (pionline)
  • Goldman Sachs ($GS) always wins: the case of Bitcoin. (medium)
  • The Bad Product Fallacy: Don’t confuse “I don’t like it” with “That’s a bad product and it’ll fail” (andrewchen.co)
  • The economic schedule for the coming week. (calculatedriskblog)
  • ETFs are now coming to replace structured notes. (institutionalinvestor)
  • How Bitcoin miners could hedge with futures. (bespokepremium)
  • If
Read the rest
  • A succinct summary of the week’s economic events. (ritholtz)
  • Bloomberg is struggling to keep its terminal counts steady. (qz)
  • Startup, Prattle, looks to apply NLP techniques to Fed and earnings calls. (bloomberg)
  • The 19 best business books of 2017. (businessinsider)
  • Akuna Capital is going to be a key player in Bitcoin futures. (qz)
  • Must-have tools and tips for year-end retirement planning (usatoday)
  • For hedge funds, 1-or-30 is the new 2-and-20. (pionline)
  • Goldman Sachs ($GS) always wins: the case of Bitcoin. (medium)
  • The Bad Product Fallacy: Don’t confuse “I don’t like it” with “That’s a bad product and it’ll fail” (andrewchen.co)
  • The economic schedule for the coming week. (calculatedriskblog)
  • ETFs are now coming to replace structured notes. (institutionalinvestor)
  • How Bitcoin miners could hedge with futures. (bespokepremium)
  • If the Bitcoin scene starts levering up, then worry. (businessinsider)
  • We need Bitcoin options, not futures. (bloomberg)
  • Amazon ($AMZN) has more private label brands than you think. (l2inc)
  • A a16z presentation: Decrypting Crypto. (a16z)
  • Fans of active management in fixed income are just wrong. (aqr)
  • 2018 is likely to see political risk rear its ugly head. (thereformedbroker)
  • Want to juice your managed futures returns? Think corporate bonds. (mrzepczynski.blogspot)
  • International equities are now leading the one-year performance chase. (capitalspectator)
  • A look at the rules Ray Dalio uses to manage Bridgewater Associates. (bloomberg)
  • Global ideals of beauty are converging. (businessinsider)
  • Dark pools are ramping up their AI spending. (institutionalinvestor)
  • The best novels of 2017. (pastemagazine)
  • Who knew? Twitter ($TWTR) users love 280 characters. (buzzfeed)
  • Tax Changes Are Coming Next Year, But You Can Plan for Them Now (nytimes)
  • How Amazon ($AMZN) picks its ‘deals of the day.’ (wsj)
  • The AI Powered Equity ETF ($AIEQ) has quickly garnered $75 million in AUM. (marketwatch)
  • Index funds have won. It now may be time to examine among the forgotten stocks. (blogs.wsj)
  • No Deal: How Secret Talks With Russia to Prevent Election Meddling Collapsed (buzzfeed)
  • Fred Wilson, I think we are going through a similar phase of growing pains with crypto/blockchain. And things will be messy for a while. So proceed with caution, don’t get too far out over your skis, don’t invest more than you can afford to lose, and be prudent." (avc)
  • Parallels between Bitcoin the the Dotcom bubble. (medium.freecodecamp)
  • A stunning new study shows that Fox News is more powerful than we ever imagined (vox)
  • ETFs used to be synonymous with index funds. No longer. (marketwatch)
  • What a complacent investor looks like. (awealthofcommonsense)
  • Scammers are now using promoted tweets on Twitter ($TWTR). (ftalphaville.ft)
  • JP Morgan ($JPM) is getting into the managed futures space. (etf)
  • The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market&#xA0 (bloomberg)
  • Your financial plan shouldn’t be predicated on owning every asset that goes bonkers. (peterlazaroff)
  • Benoit Mandelbrot’s Ideas About Investing and Markets (Made as Simple as Possible, But Not Simpler). (25iq)
  • How Bitcoin compares to previous bubbles. (arstechnica)
  • What CEOs had to say on conference calls this week. (avondaleam)
  • Bitcoin futures are now trading. (bloomberg)
  • Gavyn Davies, "The models continue to indicate that the probability of recession in the next 12 months is quite low." (ft)
  • This is historically the most bullish week of the year for the S&P 500. (quantifiableedges)
  • A talk Kip Meadows CEO of startup white label ETF provider Fieldstone. (etf)
  • Man Group is launching a quant hedge fund in China. (ft)
  • An $80 coffee mug? Actually sounds pretty cool. (wired)
  • Bitcoin transactions are taking longer, and costing more, to complete. (arstechnica)
  • Blackrock ($BLK) is valued as an oligopolistic ETF franchise, not a traditional asset manager. (ft)
  • How to talk to clients about ETFs. (etf)
  • How Depeche Model stayed popular. (bloomberg)
  • New Zealand has a homeless problem. (ft)
  • Low vol comes to the high yield space with the IQ S&P High Yield Low Volatility Bond ETF ($HYLV). (beta.morningstar)
  • Why Switzerland is so peaceful. (marginalrevolution)
  • Don’t give up on value now. (etf)
  • The rise of Bitcoin has unleashed a whole mess of other manias. (ft)
  • 11 things you can quit worrying about right now. (medium)
  • The credit markets are wide open: even Tajikistan can raise money. (institutionalinvestor)
  • By all standards 2017 ETF inflows are going to set a record. (wsj)
  • The ‘why’ in markets are best answered in hindsight. (thereformedbroker)
  • Apple ($AAPL) is buying Shazam. (venturebeat)
  • Has global volatility bottomed? (seeitmarket)
  • LSATs are no longer necessary to get into law schools. (wsj)

12/09/17 – Saturday’s Interest-ing Reads

  • ); see also Why Beauty Is Not Universal (nautil.us)
  • GMO salmon is opening the gates to more food types. (ft)
  • Just how big is the hedge fund industry? (winton)
  • When attractive people are at a disadvantage getting a job. (work.qz)
  • A talk with Dr. Kenyon Meadows author of "Alternative Financial Medicine: High Yield Investments in a Low Yield World." (whitecoatinvestor)
  • How commitment contracts can help break bad habits. (medium)
  • Capex spending is often rewarded during boom periods. (fortunefinancialadvisors)
  • Russ Roberts talks with Anthony Gill about why tipping still exists. (econtalk)
  • The November NFP report was strong including a 4.1% unemployment rate. (calculatedriskblog)
  • Coinbase is now the most popular iPhone app. (recode)
  • Tracy Alloway and Joe Weisenthal talk with Andrew Lo author of "Adaptive Markets." (bloomberg)
Read the rest
  • ); see also Why Beauty Is Not Universal (nautil.us)
  • GMO salmon is opening the gates to more food types. (ft)
  • Just how big is the hedge fund industry? (winton)
  • When attractive people are at a disadvantage getting a job. (work.qz)
  • A talk with Dr. Kenyon Meadows author of "Alternative Financial Medicine: High Yield Investments in a Low Yield World." (whitecoatinvestor)
  • How commitment contracts can help break bad habits. (medium)
  • Capex spending is often rewarded during boom periods. (fortunefinancialadvisors)
  • Russ Roberts talks with Anthony Gill about why tipping still exists. (econtalk)
  • The November NFP report was strong including a 4.1% unemployment rate. (calculatedriskblog)
  • Coinbase is now the most popular iPhone app. (recode)
  • Tracy Alloway and Joe Weisenthal talk with Andrew Lo author of "Adaptive Markets." (bloomberg)
  • Brian Koppelman talks with restaurateur Danny Meyer. (player.fm)
  • The tide seems to be turning against indiscriminate antibiotic use on farms. (npr)
  • Harvard MBAs are jumping into politics. (wsj)
  • Could a Videogame Strengthen Your Aging Brain? (wired)
  • Native Indian dog breeds are getting shoved aside by traditionally Western breeds. (scroll.in)
  • Most arguments are a waste of time. (thereformedbroker)
  • Why no lead in the NBA is safe any more. (wsj)
  • The Secrets That Product Packaging Reveals About Retail (theatlantic)
  • "Why are hotel showers so unfathomable?" (ft)
  • Tim Ferriss author of "Tribe of Mentors: Short Life Advice from the Best in the World" is facing mid-life in a vulnerable place. (goodlifeproject)
  • George Pearkes talks with Eddy Elfenbein portfolio manager of AdvisorShares Focused Equity ETF ($CWS). (bespokepremium)
  • Is the Endowment Tax a Trojan Horse? (ai-cio)
  • The depressing lesson of political sex scandals (theweek)
  • Don’t Blame the Election on Fake News. Blame It on the Media. (cjr)
  • The case for activist investors. (fortune)
  • All you really have is the present moment. (medium)
  • King Corn no more. American farmers plant more soybeans than corn. (npr)
  • How brands use modern-day payola to make their way into online publications. (theoutline)
  • Nissan is set to start testing ‘robot taxis’ in Japan next year. (wsj)
  • The Never-Ending Foreclosure (theatlantic)
  • The best TV shows of 2017. (theringer)
  • Portugal decriminalized most drugs. Guess what happened next? (theguardian)
  • What makes a money manager unique? (ritholtz)
  • 52 (surprising) things learned in 2017. (medium)
  • Shohei Ohtani is Yu Darvish and Hideki Matsui all rolled into one. (fivethirtyeight)
  • Barry Ritholtz’s must-read books of 2017. (bloomberg)
  • The Hidden Networks of Dog Rescue (topic)
  • The Great Recession is over, but it had real impacts on society, and we are still dealing with today. (theatlantic)
  • The case for real assets. (thefelderreport)
  • In the current age is the office romance dead and buried? (wsj)
  • Patrick O’Shaughnessy talks blockchain technologies with Adam Ludwin. (overcast.fm)
  • Portugal’s Radical Drugs Policy Is Working. Why Hasn’t the World Copied It? (theguardian)
  • The story of $200k in Bitcoin lost (and found). (engadget)
  • It’s hard to believe but there was a big fight over installing lights at Wrigley Field. (30for30podcasts)
  • Meb Faber talks with Howard Lindzon about momentum and angel investing. (mebfaber)
  • The story of how Tilman Fertitta purchased the Houston Rockets. (texasmonthly)
  • How much energy does bitcoin mining really use? It’s complicated (wired.co.uk)
  • Apple’s favorite apps of the year. (businessinsider)
  • This video game is being used to help kids with ADHD. (statnews)
  • Freshen your feed: 14 people to follow on Financial Twitter. (blogs.cfainstitute)
  • Green cars need green metals to make sense. (ft)
  • How meditation is being used in schools in lieu of traditional discipline. (cnn)
  • Being married could help prevent dementia later in life. (bigthink)
  • How to use mindfulness to make better decisions. (bakadesuyo)
  • Cataract surgery may extend your life. (nytimes)
  • Insects are a cheaper, more environmentally friendly form of protein. (ft)
  • The first episode of the Bob Lefsetz podcast. (overcast.fm)
  • Dan Harris talks with Dr. David Vago about how meditation changes your brain. (stitcher)
  • Americans are holding a lot of stock. (jlfmi.tumblr)
  • Chronicler of Islamic State ‘Killing Machine’ Goes Public (apnews)
  • Share buybacks are improperly demonized. (papers.ssrn)
  • Japan Embraces the Robot Takeover (bloomberg)
  • Barry Ritholtz talks with Jeremy Schwartz, director of research at Wisdomtree ($WETF). (bloomberg)
  • Echofin aims to be the ‘Slack for finance.’ (techcrunch)
  • Why the issuance of non-traded REITs has plummeted. (investmentnews)
  • Why is giving birth so difficult for humans? (theatlantic)
  • The 92-Year-Old Woman Who Is Still Shaking Up Wall Street (wsj)
  • California may ban ICE-powered cars by 2040. (bloomberg)
  • California’s building regulations are a major reasons houses are so expensive. (nytimes)
  • Sonic Tonic: Millions of people in cities rely on recorded nature sounds to manage sleep and stress, and scientists are slowly understanding why it works. (motherboard.vice)
  • Grass-fed beef is not all that much better for the environment. (qz)
  • Ted Seides talks with Paul Sonkin and Paul Johnson co-authors of "Pitch the Perfect Investment." (capitalallocatorspodcast)
  • There are 40 immunotherapy trials underway to treat peanut allergies. (axios)
  • Apple ($AAPL) ruined its Podcast app. (slate)
  • YouTube, Facebook, and Twitter need to be proactive (and transparent) about removing abusive content. (stratechery)
  • Manchester City is trying to build a global farm system of talent. (ft)
  • Nine charts that explain the November NFP report. (blogs.wsj)
  • Does SoulCycle still work if you take out the Cycle part? (fastcompany)
  • These are the best wireless headphones. (theverge)
  • JC Parets talks inter-market analysis with James Bianco of Bianco Research. (technicalanalysisradio)
  • If carbon dioxide is the problem, then why isn’t carbon capture a solution? (qz)
  • The Great Swindle: From Pickled Sharks to Compositions in Silence, Fake Ideas and Fake Emotions Have Elbowed Out Truth and Beauty (aeon.co)
  • How CRISPR could be used to fight antibiotic-resistant germs. (wsj)
  • The Switch has saved Nintendo. (theringer)
  • Why MLP shares are stuck in a rut. (bloomberg)
  • You can’t run a AI-fund without human intervention. (economist)
  • For a markets junkie, Bitcoin has it all. (awealthofcommonsense)
  • Benedict Evans looks at trends for the next ten years in technology. (ben-evans)
  • It’s hard to find much to complain about in the macroeconomy. (fat-pitch.blogspot)
  • Viagra is going generic. (bloomberg)
  • The best films of 2017. (theringer)
  • Brett McKay talks with Geoffrey Greif, author of the book "Buddy System: Understanding Male Friendships." (artofmanliness)
  • Automobile leases will soon be subscriptions. How cool is that? (slate)
  • Here’s hoping this is true: eating cheese every day is pretty good for you. (time)
  • Millions Are Hounded for Debt They Don’t Owe. One Victim Fought Back, With a Vengeance (bloomberg)
  • I Made My Shed the Top Rated Restaurant On TripAdvisor (vice)
  • This “Me Too” Timeline Shows Why 2017 Was a Reckoning For Sexism (fastcompany)
  • Carbon fiber is finding its way into pickup trucks. (wsj)
  • ClassPass is going to offer live, online, interactive classes. (businessinsider)
  • Jocelyn Glei talks with Tyler Cowen about "true risk-taking." (hurryslowly.co)
  • Ted Seides talks with Larry Mestel founder of PrimaryWave about investing in music publishing rights. (capitalallocatorspodcast)
  • How driverless cars will change auto insurance. (hbr)
  • How Dollar General ($DG) became rural America’s go-to store. (wsj)
  • Dogs can sense human emotions. (blogs.scientificamerican)

12/07/17 – Thursday’s Interest-ing Reads

  • Founders need to ask themselves why they need outside capital in the first place. (om.co)
  • The exchanges don’t want to tell you how much money they make off of market data. (wsj)
  • It’s not enough to hire well. You have to onboard well too. (medium)
  •  Low Food Prices Are Hurting Farm State Economies (blogs.wsj)
  • Bad News for the Highly Intelligent (scientificamerican)
  • What it’s like to go on an Amazon ($AMZN) diet? (wsj)
  • The best books of 2017 including Adam Carver’s "Smart Portfolios." (readingthemarkets.blogspot)
  • Ray Dalio: Watch Out for the Effects of Tax Reform on Tax Migration, the Fiscal Conditions of Affected States and Cities, and Polarity in America (linkedin)
  • Nothing like a bubble to kick in your hindsight bias. (theirrelevantinvestor)
  • Actionable news is rare: how to read
Read the rest
  • Founders need to ask themselves why they need outside capital in the first place. (om.co)
  • The exchanges don’t want to tell you how much money they make off of market data. (wsj)
  • It’s not enough to hire well. You have to onboard well too. (medium)
  •  Low Food Prices Are Hurting Farm State Economies (blogs.wsj)
  • Bad News for the Highly Intelligent (scientificamerican)
  • What it’s like to go on an Amazon ($AMZN) diet? (wsj)
  • The best books of 2017 including Adam Carver’s "Smart Portfolios." (readingthemarkets.blogspot)
  • Ray Dalio: Watch Out for the Effects of Tax Reform on Tax Migration, the Fiscal Conditions of Affected States and Cities, and Polarity in America (linkedin)
  • Nothing like a bubble to kick in your hindsight bias. (theirrelevantinvestor)
  • Actionable news is rare: how to read financial news. (collaborativefund)
  • Not every big exit has VC behind it: the case of RXBAR. (chenmarkcapital)
  • Elliott Management is by far and away the most successful activist investor. (fortune)
  • Bitcoin energy use is not sustainable. (grist)
  • Ray Dalio will give $10 to charity if you buy a copy of his book "Principles." (principles)
  • First Round Capital’s State of Startups 2017. (stateofstartups.firstround)
  • Can index funds be a force for good? (hbr)
  • Flash crashes happen in the forex markets more often than commonly thought. (bloomberg)
  • Every great pitch starts with a discrete change in the world. (medium)
  • Momentum has been THE factor of 2017. (capitalspectator)
  • One theory on why Bitcoin trading going into the launch of futures. (ftalphaville.ft)
  • How AI will play a role in entertainment. (variety)
  • How Not to Run a Sovereign Wealth Fund (bloomberg)
  • It’s hard to build quant models for crypto when you don’t have much data. (bloomberg)
  • Stop saying the stock market is up only because of the Fed. (pragcap)
  • The Bitcoin bubble is unique because it has happened without a banker in sight. (thereformedbroker)
  • Shale oil producers are being held to account for not generating free cash flow. (wsj)
  • If you choose to invest sustainably, returns shouldn’t hold you back. (beta.morningstar)
  • As Bitcoin’s value has increased its use as a payment system has declined. (nytimes)
  • Some big players are pushing back against the introduction of Bitcoin futures. (ft)
  • Weekly initial unemployment claims are bumping around low levels. (calculatedriskblog)
  • This is a great tweetstorm of: "Things Many People Find Too Obvious To Have Told You Already." (twitter)
  • 2016’s worst performers didn’t bounce in 2017. (bloomberg)
  • Should you get Alexa for your office? (moneyhabits.bankozarks)
  • Why founders need to recognize their own limitations. (codingvc)
  • Quant models decay: which is why human talent still matters. (ftalphaville.ft)
  • Coinbase, as a company, is drinking water from a fire hose. (nytimes)
  • Why are America's farmers killing themselves in record numbers? (theguardian)
  • Howard Lindzon talks 20 years of startup investing. (medium)
  • Google’s ($GOOGL) AlphaGo just destroyed the best chess playing software. (chess)
  • Entrepreneurs Are Betting on a Billion-Dollar Future for Hemp (bloomberg)
  • Co-working spaces are not for everybody. (ft)
  • Steve Case’s Rise of the Rest has attracted an all-star cast of investors to bring venture capital to the Midwest. (nytimes)
  • The differences between being a VC and a startup CEO are stark. (blog.midweststartups)
  • One Potential Winner From Tax Overhaul: Corporate Bonds (wsj)
  • Have investors lost faith in buybacks? (bloomberg)
  • The story behind Minnesota's Viking (espn)
  • Building a business from the get-go with revenue in mind. (medium)
  • Dear Guy Who Just Made My Burrito (medium)
  • Coinbase is the breakout startup of 2017. (blog.semilshah)
  • Passive managers are devoting more resources to stewardship. (beta.morningstar)
  • Some crypto shorthand you need to know. (thereformedbroker)

12/06/17 – Wednesday’s Interest-ing Reads

  • The London Business School tops the FT’s 2017 list of the best European business schools. (ft)
  • The Power of (Admitting Your) Mistakes (umairhaque)
  • This Could Be the Top … buuuuuuut it might not be. (theirrelevantinvestor)
  • Prime brokers are not impartial judges of the value of illiquid assets. (dealbreaker)
  • Investing Lessons from the Dude. “Or, uh, His Dudeness, or uh, Duder, or El Duderino if you’re not into the whole brevity thing.” (25iq)
  • How stock screening can help offset some of our biases. (validea)
  • Hidden peril awaits China’s banks as property binge fuels mortgage fraud frenzy (reuters)
  • A proposal for helping female advisors get more referrals. (advisorperspectives)
  • Matt Levine: The ICO scam is as old as time. (Bloomberg View)
  • Doubts are growing about tether. (bloomberg)
  • HomePod isn’t the
Read the rest

12/04/17 – Monday’s Interest-ing Reads

  • What the Pliocene epoch can teach us about future warming on Earth (sciencenews)
  • What are high yield bonds? (pensionpartners)
  • Tesla ($TSLA) no longer operates in a competitive vacuum. (dealbreaker)
  • The slope of the yield curve is not a concern yet. (ftalphaville.ft)
  • Businesses have been slow to adopt Bitcoin as a transaction vehicle. (wsj)
  • Could the Fed offer a digital currency at so (wsj)
  • Regulators are still a bit behind on Bitcoin futures. (bloomberg)
  • Voters don’t vote their self-interest. They vote their values. (georgelakoff)
  • We are looking at a bad flu season. (popsci)
  • Many current MLP investors are "confused." (sl-advisors)
  • 5 big ETF one-hit wonders. (etf)
  • Even Robots Are Joining the Bitcoin Craze as Quants Seek an Edge (bloomberg)
  • Smart speakers (and wireless earphones) are the same
Read the rest
  • What the Pliocene epoch can teach us about future warming on Earth (sciencenews)
  • What are high yield bonds? (pensionpartners)
  • Tesla ($TSLA) no longer operates in a competitive vacuum. (dealbreaker)
  • The slope of the yield curve is not a concern yet. (ftalphaville.ft)
  • Businesses have been slow to adopt Bitcoin as a transaction vehicle. (wsj)
  • Could the Fed offer a digital currency at so (wsj)
  • Regulators are still a bit behind on Bitcoin futures. (bloomberg)
  • Voters don’t vote their self-interest. They vote their values. (georgelakoff)
  • We are looking at a bad flu season. (popsci)
  • Many current MLP investors are "confused." (sl-advisors)
  • 5 big ETF one-hit wonders. (etf)
  • Even Robots Are Joining the Bitcoin Craze as Quants Seek an Edge (bloomberg)
  • Smart speakers (and wireless earphones) are the same business. Guess who will dominate? (economist)
  • B-schools are desperately looking for blockchain experts. (ft)
  • America’s fertility rate is dropping, fast. (medium)
  • The universe of blockchain-related stocks is so small you pretty much need to buy them all for a blockchain ETF. (mutualfundobserver)
  • Just how low volatility has been in 2017. (bloomberg)
  • Five things to think about other than ETF fees. (vanguardblog)
  • Shareholders in MLPs have (extremely) limited rights. (sl-advisors)
  • Uh oh. MBA types are interested in cryptocurrencies. (dealbreaker)
  • Next week Chicago will be the center of the Bitcoin world. (wsj)
  • Bitcoin, Ignorance and You (blogs.wsj)
  • 98,750,067,000,000 Reasons to Be Worried About 2018 (bloomberg)
  • A Q&A with Will Rhind of startup ETF provider GraniteShares. (etfdb)
  • The case for the Japanese yen. (themacrotourist)
  • Why CTAs will soon be including Bitcoin amongst their trading vehicles. (bloomberg)
  • Female fund managers are more likely to leave the industry at any age. (wsj)
  • How Amazon ($AMZN) and Wal-Mart ($WMT) are becoming more alike. (businessinsider)
  • Hipsters love RVs. (wsj)
  • The case for the CVS ($CVS)-Aetna ($AET) merger. (nytimes)
  • The case for quadruple leveraged ETFs. (citywireusa)
  • A list of the US companies with the most cash held overseas. (axios)
  • Managed futures have performed pretty much in line for the YTD. (mrzepczynski.blogspot)
  • A succinct summary of the week’s economic events. (ritholtz)
  • International stocks are still pretty much making up for a bad 2014-2016. (theatlasinvestor)
  • How 41 People in Lithuania Took Over Your Facebook Feed (nytimes)
  • Is there pent up demand to short Bitcoin? (bloomberg)
  • The economy can’t be explained by the numbers alone. (awealthofcommonsense)
  • Tech Giants’ Shadows Fall Over Promising Startups (barrons)
  • How much of Bitcoin’s rise can be attributed to our political situation? (ft)
  • How the deal could transform CVS stores into ‘front doors’ into the health care system. (money.cnn)
  • How various tactical asset allocation strategies performed in November 2017. (allocatesmartly)
  • Canada could make billions from legal pot (money.cnn)
  • Vanguard is launching five single-factor ETFs in 2018. (blogs.wsj)
  • Blackrock ($BLK) and Vanguard are on track the asset management industry. (bloomberg)
  • How the City of Chicago was able to issue AAA-rated bonds. (wsj)
  • Some cautionary words on high yield bond ETFs. (blogs.cfainstitute)
  • How JP Morgan ($JPM) and Vanguard are approaching factor ETFs differently. (citywireusa)
  • Using The Latte Index to suss out overvalued (and undervalued) currencies. (visualcapitalist)
  • How to move across country without going crazy. (gq)
  • The big banks are taking threats of a massive cyberattack seriously. (wsj)
  • Blackrock ($BLK) and Vanguard are on track to have $20 trillion in AUM. (bloomberg)
  • A deep dive into sector performance in November. (mrzepczynski.blogspot)
  • A look at some mutual funds that have been around 2 years but not 3, i.e. star-eligible. (mutualfundobserver)
  • Bill Gates’ five favorite books from 2017. (businessinsider)
  • Just in case you needed another lesson in why you shouldn’t mix politics and portfolios. (bclund)
  • The economic schedule for the coming week. (calculatedriskblog)
  • Just how big is the smart speaker market? (aboveavalon)
  • Tyler Cowen’s (extended) list of the best non-fiction books of 2017. (marginalrevolution)