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Quote of the Day
“People always need some place to store their junk...No one is going to start moving their stuff out just to save $3 or $4 a month.”
(Alice Chung, a commercial real-estate analyst at Moody’s Investors Service)
Markets
- When has happened historically after you buy after a big down month/quarter? (awealthofcommonsense.com)
- What happens after the S&P 500 drops 1.5% for three days in a row? (quantifiableedges.com)
- This measure has hit a level only 12 times since 1995. (quantifiableedges.com)
- There has been nowhere to hide this week. (howardlindzon.com)
- The NASDAQ 100 just had its worst week since 2008. (theirrelevantinvestor.com)
Strategy
- Paul Samuelson, “There will always be some [investors] quicker and smarter than the others and hence capable of greater capital gains..Beating the market is hard; identifying people who can beat the market is even harder." (wsj.com)
- Big lessons Josh learned in 2018 that have nothing to do with investing. (thereformedbroker.com)
- Market declines are the "price of admission" to earn long-term returns. (blairbellecurve.com)
- Fear is a part of life (and investing in the stock market). Some tips on how to relate to these difficult feelings. (mullooly.net)
Amazon
- Amazon ($AMZN) has not upended the grocery business...yet. (bloomberg.com)
- Amazon ($AMZN) owns public mindshare when it comes to rapid delivery. (nytimes.com)
Finance
Funds
- Truth in labeling: low volatility ETFs do what they say they are going to do. (morningstar.com)
- What portfolio would you advise for your neighbors? (whitecoatinvestor.com)
Global
- Emerging markets have stopped underperforming. (thereformedbroker.com)
- Chinese stocks have outperformed during this downturn. (axios.com)
- Like most countries, China is cheap relative to the US market. (kraneshares.com)
Economy
- The Fed screwed the pooch. (scottgrannis.blogspot.com)
- Economic policy uncertainty has spiked. (econbrowser.com)
- Is increasing homebuilder concentration slowing the rate of home building? (papers.ssrn.com)
- Unemployment for the 55+ crowd is an income killer. (wsj.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming holiday-shortened week. (calculatedriskblog.com)
Books
- Stephen Carter's 15 favorite books this year including Paige Williams' "The Dinosaur Artist: Obsession, Betrayal and the Quest for Earth’s Ultimate Trophy." (bloomberg.com)
- The best books Blair read in 2018 including John Carreyrou's "Bad Blood: Secrets and Lies in a Silicon Valley Startup." (blairbellecurve.com)
- Five of the best finance books from 2018 including "Market Timing with Moving Averages: The Anatomy and Performance of Trading Rules" by Valeriy Zakamulin. (capitalspectator.com)
- Whatever happened to the 'disruption of the book'? (kottke.org)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: uanticipated effects. (abnormalreturns.com)
