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Quote of the Day
"Overweighting excitement in an investment policy destroyed more portfolios than the worst bear markets. Compounding boredom is the ultimate wealth creator."
(Tony Isola)
Chart of the Day
China’s rebound relative to the rest of the world is still pretty tame by historical standards. (via @WisdomTreeETFs)
Markets
- Bull markets love to scare the crap out of you on the way up. (nytimes.com)
- A closer look at the increasing full IPO pipeline. (koyfin.com)
- These are some pretty big moves for the Yale endowment. (bloomberg.com)
Crypto
- Fidelity Digital Asset Services is live. (cnbc.com)
- eToro has launched crypto trading in the US. (businessinsider.com)
- How a deep value manager came to run a crypto fund. (blairbellecurve.com)
Companies
- Why is Twitter ($TWTR) so resistant to change? (recode.net)
- Why MLPs are converting back into C-corps: simplicity. (sl-advisors.com)
Finance
- How Puerto Rico has affected the broader municipal bond market. (qz.com)
- Just in case you didn't think HFT wasn't ridiculous enough. (bloomberg.com)
- Perella Weinberg Partners has spun off its asset management business. (fortune.com)
ETFs
- JP Morgan's ($JPM) new ETFs are attracting big assets from the bank's clients. (wsj.com)
- The ability to convert Vanguard mutual funds to ETF shares is an interesting feature ripe with tax implications. (etf.com)
Global
Economy
- Economists keep overestimating the growth rate in the US economy. (nytimes.com)
- States aren't waiting for Washington to fix their roads via an infrastructure bill. (bloomberg.com)
- Why are Americans generally pretty honest when paying their taxes? (theatlantic.com)
- The economic schedule for this week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Adviser links: RMD anxiety. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- Why we need the paid financial media. (abnormalreturns.com)
- More evidence that our brains are ill-suited to investing. (abnormalreturns.com)
