Review: A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Stock Market History by Diana Henriques presents a “compelling account” of the crash. (WSJ)
Quote of the Day
"Behavior, in business and investing, is the art of putting skills to use."
(Morgan Housel)
Chart of the Day
“Non-crude cashflows drive MLP operating performance, but crude drives investor sentiment. No amount of typing by this blogger will shake the relationship between the prices of MLPs and crude.”
Markets
- Investor continue to load up on yield in all its forms and emerging market equities. (topdowncharts.com)
- US households have not been loaded up on stocks this much since 2000. (jlfmi.tumblr.com)
- Canadian households are loaded up on real estate. (themacrotourist.com)
Strategy
- How to survive the crypto crash: take some money off the table. (avc.com)
- Why trend following works. (mrzepczynski.blogspot.com)
- Trading journals are not supposed to help you grow not tear you down. (traderfeed.blogspot.com)
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Companies
- The case for Peak Apple ($AAPL). (qz.com)
- On Facebook ($FB) Antonio García Martínez says "The reality is that if you’re at the helm of a machine that has two billion screaming, whiny humans, it’s basically impossible to predict each and every possible nefarious use case. It’s a Whac-a-Mole problem." (nytimes.com)
- Why Amazon ($AMZN) should put HQ2 in Detroit. (l2inc.com)
Finance
- Paypal ($PYPL) is becoming more of an Alipay clone. (tearsheet.co)
- A closer look at the MongoDB S-1. (dealbreaker.com)
- Mortgage lending is ripe for disruption. (thebasispoint.com)
Invest in Asia Virtual Summit
Economy
- Not driving to work is a big perk. (bloomberg.com)
- What CEOs had to say about the economy this week. (avondaleam.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: hot, hot chicken. (abnormalreturns.com)
- ESG: don't let perfect be the enemy of good. (abnormalreturns.com)
