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Quote of the Day
"(R)unning a company is like driving a tank down the middle of the road, except there are no windows so you can’t see the road. There are dozens of levers and knobs to adjust the tank’s direction."
(Andy Kessler)
Chart of the Day
“Four years ago, Sears was going for $48 per share. Today it’s at 35 cents.”
Markets
Companies
- How Amazon ($AMZN) is changing the shopping experience (for the worse). (shift.newco.co)
- How Netflix ($NFLX) expanded to 190 countries in 7 years. (hbr.org)
- Sears Holdings ($SHLD) is bankrupt. (nytimes.com)
- Not every company can be a technology company. (ft.com)
Finance
- Julie Segal, "Cadre Capital — backed by Andreessen Horowitz among others — is creating the first online secondary market for trading of private real estate investments." (institutionalinvestor.com)
- Why we should look at 'net expense ratios' that take into account the revenue from securities lending. (etf.com)
Housing
- The US housing economy is slowing, not crashing. (wsj.com)
- What US home inventories say about prices. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Adviser links: financial gobbledygook. (abnormalreturns.com)
- Two lessons learned from thirteen years of blogging. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
