Excerpt: From Jason Fagone’s The Woman Who Smashed Codes: A True Story of Love, Spies, and the Unlikely Heroine Who Outwitted America’s Enemies. (Longreads)
Quote of the Day
"How many of us, if given a blank slate, would create an identical portfolio to the one we have now? Some would. Many of us would do something utterly different."
(Morgan Housel)
Chart of the Day
Just how big a blowout Friday was for the big Nasdaq-traded tech stocks.
Markets
- Friday was revenge of the megacap tech stocks. (wsj.com)
- Consumer discretionary stocks are outperforming consumer staples. (jlfmi.tumblr.com)
- Beef prices are on the rise for the first time in a long time. (bloomberg.com)
Strategy
- How to calm your FOMO. (howardlindzon.com)
- Treasury yields are low but not out of bounds with history. (researchaffiliates.com)
- Two lessons from the man who called the 1929 stock market crash. (blogs.wsj.com)
Trading
- When modelling successful people isn't enough. (adamhgrimes.com)
- Team trading is not a one-way street. (traderfeed.blogspot.ca)
Offers
- Trade-in an old Kindle and get up to $75 off a new Paperwhite. (amazon.com)
- Buy 3 Echo devices (2nd gen) and save $50 with promo code 'ECHO3PACK'. (amazon.com)
- Sign up for an Audible.com trial and get 2 free audiobooks including "A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Wall Street History" by Diana Henriques. (amazon.com)
Companies
- A look at how big Apple ($AAPL) Capital has gotten. (economist.com)
- As long as the web grow, so grows Google ($GOOGL) (theatlantic.com)
- We attribute too much power to Facebook ($FB) engineers and not enough to users. (ben-evans.com)
- Snap ($SNAP) has a cash flow issue. (theinformation.com)
Cryptocurrencies
- Aswath Damodaran, "To me, Bitcoin, Ethereum, Ripple and ICOs are different enough from each other, not only in structure but also in terms of end game, that they need to be assessed independently." (aswathdamodaran.blogspot.com)
- There are now 120 hedge funds focused on cryptocurrencies. (cnbc.com)
- Be very wary of the celebrity-endorsed ICO. (mobile.nytimes.com)
- Open a Coinbase account, trade $100 in cryptocurrencies and get $10 in Bitcoin free. (coinbase.com)
Finances
- Jamie Dimon may not know Bitcoin but he does know how to trade JP Morgan ($JPM) stock. (blogs.wsj.com)
- How to use data to help consumers not sell them more stuff. (iheartwallstreet.com)
Fund management
- University endowment funds are increasingly adopting ESG investment strategies. (ai-cio.com)
- Vanguard is not immune from shareholder pressure to divest from genocide-associated companies. (barrons.com)
Kindle book deals
- "Supergods: What Masked Vigilantes, Miraculous Mutants, and a Sun God from Smallville Can Teach Us About Being Human" by Grant Morrison is just $1.99 for the Kindle. (amazon.com)
- Get "A Mind For Numbers: How to Excel at Math and Science (Even If You Flunked Algebra)" by Barbara Okaley for just $1.99 for the Kindle. (amazon.com)
- "The Grid: The Fraying Wires Between Americans and Our Energy Future" by Gretchen Bakke is just $1.99 for the Kindle. (amazon.com)
Global
Economy
- The rise of the urban creative class hasn't come without some dislocations (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)
- For all you geography nerds: US mega-regions visualized (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: a growth mindset. (abnormalreturns.com)
Mixed media
- Nathan Kontny, "Not everything we do needs a Go Big or Go Home mindset. There are ways to incorporate the smaller ideas." (m.signalvnoise.com)
- Morra Aarons-Mele, "Pack your company culture with mandated office time, happy hours, and off-site meetings, and you risk alienating introverts." (work.qz.com)
- Seth Godin, "Yes, you're an imposter. So am I and so is everyone else. Superman still lives on Krypton and the rest of us are just doing our best." (sethgodin.typepad.com)
