Friday links: balanced human beings

Markets

• The average leveraged loan is trading around 96 cents on the dollar. (ft.com)
• Does the transportation still have any relevance in today's economy? (ft.com)

Strategy

• Forecasting is hard (and futile): the 2018 edition. (ritholtz.com)
• Brendan Mullooly, "There’s no harm in consuming market narratives as long as we remember that most of them fall into the category of interesting, but not actionable." (mullooly.net)
• Eight questions as we head into 2019. (awealthofcommonsense.com)

Finance Twitter

• Finance Twitter: the 50 most important people you need to follow. (marketwatch.com)
• 12 hilarious Wall Street Twitter accounts. (benzinga.com)

Finance

• Should we care how family office operate and invest? (economist.com)
• Alternative assets keep getting a little more alternative. (bloomberg.com)
• Private equity investors say they care most about fees during manager selection. (institutionalinvestor.com)

Funds

• You have to twist yourself into a lot of knots to make high-fee equity mutual funds look good. (morningstar.com)
• Why a zero-fee ETF is no big deal. (citywireusa.com)
• Gold ETFs are getting cheaper. (etf.com)

Global

• RIP, ECB QE. (economist.com)

Economy

• Industrial production and retail sales were solid in November. (crossingwallstreet.com)
• A sign of the times: house prices in Las Vegas have flattened out. (wsj.com)
• The higher the rent (as a % of income), the higher the rate of homelessness. (zillow.com)

Earlier on Abnormal Returns

• Podcast links: doing capitalism. (abnormalreturns.com)
• It's not all puppies and rainbows: some posts you should check out. (abnormalreturns.com)
• What you missed in our Thursday linkfest. (abnormalreturns.com)
• Startup links: consumer tech. (abnormalreturns.com)

Mixed media

• Things to do before you even think about writing a non-fiction book. (nytimes.com)
• Branded fruit is the hot new conference giveaway. (fastcompany.com)
• 2018 was the year of Gritty. (theringer.com)

Abnormal Returns