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Quote of the Day
"The strongest opponents in the giants' battle to remain relevant end up being themselves. The natural aversion to change will simply be too strong for most giants. Strong balance sheets, billions of users, and access to seemingly unlimited user data will all prove futile in their bids to remain relevant."
(Neil Cybart)
Markets
- The stock market is not being driven by a handful of stocks, at least historically. (awealthofcommonsense.com)
- It's hard to find negative sentiment out there. (disciplinedinvesting.blogspot.com)
Strategy
- There's no such thing as a perfect investment strategy. (blog.validea.com)
- Why curiosity is such a valuable trait for portfolio managers. (mrzepczynski.blogspot.com)
Support
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
Crypto
Companies
- Juuling is a verb. This is why the e-cigarette maker Juul is valued at $15 billion. (dealbreaker.com)
- Netflix ($NFLX) has been consistent in its approach to customers over its life. (intrinsicinvesting.com)
- Google ($GOOGL) Wing and Loon are now standalone companies. (nytimes.com)
- Hurray! Apple ($AAPL) just announced new Macbook Pro laptops. (theverge.com)
Finance
- A look at the companies that have jacked up their debt levels in the last five years. (bloomberg.com)
- Private equity 'dry powder' has doubled in the past six years. (blogs.wsj.com)
- Why the growth in the BBB-corporate bond market is worrisome. (ftalphaville.ft.com)
Funds
- The purveyors of passive investment have pulled off a neat trick. (investwithanedge.com)
- The index revolution is making headway in Europe. (evidenceinvestor.co.uk)
- Morningstar ($MORN) continues to horn in on the asset management business. (ft.com)
Global
- To have a view on emerging markets, requires having a view on China. (morningstar.com)
- The Swiss franc is still the most expensive currency in the Big Mac Index. (economist.com)
Economy
- Weekly initial unemployment claims are still sitting at historical lows. (calculatedriskblog.com)
- Consumer price inflation is at a 6-year high. (crossingwallstreet.com)
- New Home Sales is an "excellent leading indicator." (calculatedriskblog.com)
- Given worker shortages, why are wages not rising faster? (theguardian.com)
Earlier on Abnormal Returns
- Startup links: sticky stakeholders. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the meaning of money. (abnormalreturns.com)
