Review: “I highly recommend that everyone reads this [Dream Hoarders:How the American Upper Middle Class Is Leaving Everyone Else in the Dust, Why That Is a Problem, and What to Do about It by Richard Reeves] to understand what’s happening among the classes and why things are trending further in this direction. .” (Reformed Broker)
Quote of the Day
"Popular culture would have you believe that if you don’t become an entrepreneur, you’re doomed to the life of a bored, unsatisfied, underpaid worker drone. But in reality, while going into business for yourself can be a great path for some, it’s equally possible to find a fulfilling career working for someone else."
(Jeremy Anderberg)
Markets
- Early bubble calls are the same as wrong calls. (econlog.econlib.org)
- Equity market warning signs continue to mount. (theatlasinvestor.com)
Disney
- Disney ($DIS) is kicking Netflix ($NFLX) to the curb. (theverge.com)
- And ESPN is getting its own standalone streaming offering. (nytimes.com)
- Disney ($DIS) didn't really have a choice. (variety.com)
Offers
- Sign up for Amazon Prime Student and get six months free! (amazon.com)
- "Peak: Secrets from the New Science of Expertise" by Anders Ericsson is just $2.99 for the Kindle. (amazon.com)
- "The Alchemists: Three Central Bankers and a World on Fire" by Neil Irwin is just $6.99 for the Kindle. (amazon.com)
- Buy two Amazon Echos in your cart and receive $100 off your order with discount code ECHO2PACK. (amazon.com)
Wall Street
- MBAs increasingly don't want to work on Wall Street. (bloomberg.com)
- Wall Street actually outpaces Silicon Valley on gender equality issues. (axios.com)
- What investment bankers get paid. (wallstreetoasis.com)
Finance
- Pension funds had a good year but it didn't do much to affect their underfunding. (wsj.com)
- Private equity is sitting on nearly $1 trillion in 'dry powder.' (fortune.com)
GFC
- The global financial crisis went global ten years ago today. (wsj.com)
- What lessons did we learn? (alephblog.com)
- We let the financial crisis go to waste. (theguardian.com)
Earlier on Abnormal Returns
- Personal finance links: saving more money. (abnormalreturns.com)
- Every big trend has unintended side effects: the case of indexing. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: subjective wealth. (abnormalreturns.com)
