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Quote of the Day
"Stories or tales of past economic events do not solve investment problems. Investment tales may persuade as a device for action. They may provide useful background information, but they do not provide the basis for an effective solution."
( Mark Rzepczynski)
Warren Buffett
- Why Warren Buffett "moved the goalposts." (rationalwalk.com)
- Lessons from the downfall of Kraft Heinz ($KHC). (aswathdamodaran.blogspot.com)
Crypto
- Building a sustainable moat is about more than having the best product. (intrinsicinvesting.com)
- Investing in people is expensive, time consuming and one of the few ways to thrive as a business. (kwokchain.com)
Companies
- Apple ($AAPL) Watch makes up half of all smartwatch sales. (appleinsider.com)
- Amazon ($AMZN) is going to let you pick when you want to get your packages. (theverge.com)
ETFs
Economy
- Weekly initial unemployment claims ticked a little higher. (calculatedriskblog.com)
- Q4 2018 GDP rose at a 2.6% rate. (calculatedriskblog.com)
- Josh Brown and Tony Dwyer talk about how to track the economy and the prospects for a recession. (thereformedbroker.com)
- Ben Hunt, "Jay Powell is the Arthur Burns of our day." (epsilontheory.com)
Earlier on Abnormal Returns
- Startup links: unicorns and minotaurs. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: an everything change. (abnormalreturns.com)
- A personal-finance focused index card for young adults. (abnormalreturns.com)
