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Quote of the Day
"Long-term focus is great. But the long run is just a collection of short runs that need to be managed."
(Morgan Housel)
Markets
- The US stock market is just catching up to the rest of the world. (thereformedbroker.com)
- Higher oil prices, higher rig count. (calculatedriskblog.com)
Companies
- It's not always the first movers in a new industry that make all the money. (bloomberg.com)
- MLPs are dropping like flies. (sl-advisors.com)
Finance
- Why Elon Musk is wrong about short-sellers. (barrons.com)
- New York City taxi medallions are now distressed assets. (wsj.com)
Global
Economy
- A succinct summation 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 links. (abnormalreturns.com)
- Longform links: weight trajectories. (abnormalreturns.com)
Mixed media
- Robert Shiller, "The more we learn about how people really think, the more we must rethink economic theory." (nytimes.com)
- Seth Godin, "Culture is changed by design, and design by culture." (seths.blog)
- Fred Wilson, "The truth is that Bluetooth is everywhere these days. And the pairing thing, which used to be such a hassle, seems to get easier and easier every day." (avc.com)
