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Quote of the Day
"No single asset will ever be able to safeguard purchasing power across many generations just as no single biological trait can guarantee that an organism will pass on its genes."
(Nick Maggiulli)
Markets
- There is no such thing as 'average market returns.' (evidenceinvestor.com)
- Why markets have a tendency to decline all at the same time. (morningstar.com)
Strategy
- A cheap multiple doth not a cheap stock make. (theirrelevantinvestor.com)
- What's your edge? You may not have one. (mrzepczynski.blogspot.com)
- How a small 'fun money' account can help you offset some of your behavioral biases. (330ramp.com)
- Five lessons from the 2nd annual Democratize Quant conference. (blog.validea.com)
Trading
- Three reasons why it is difficult to make money trading. (traderfeed.blogspot.com)
- How traders can use Jeff Bezos' '70% rule.' (mrzepczynski.blogspot.com)
Companies
- Google ($GOOGL) is helping to fund local news that it had already successfully killed off. (axios.com)
- How much wallet-share can Apple ($AAPL) really expect from consumers? (wsj.com)
- Horace Deidu, "[Airpods] look extremely different. Always white, always in view, pointed and sharp. You can’t miss someone wearing AirPods. They practically scream their presence." (asymco.com)
IPOs
- Good luck trying to get unicorn IPO shares at the offering. (wsj.com)
- The jostling to get through the IPO window is heating up. (ft.com)
- Tech IPOs are no longer the heavy lift they used to be. (bloomberg.com)
Pinterest and Lyft
- Can Pinterest ($PINS) monetize its rapidly expanding international user base? (avc.com)
- A look at how Lyft ($LYFT) deals with insurance reserves. (ftalphaville.ft.com)
- Like it or not, Pinterest and Lyft are coming public with dual-class shares. (nytimes.com)
Finance
- Wall Street bonuses aren't really bonuses. (bloomberg.com)
- Do fintech apps represent an existential threat to the big banks? (monevator.com)
Funds
- There are fewer ETFs than there were at the beginning of the year. (twitter.com)
- Real estate funds have too much dry powder which they may have to return to investors. (wsj.com)
Global
- 588 million Chinese investors have money in this Ant Financial money market fund. (wsj.com)
- A look at the world's biggest economies in 2030. (visualcapitalist.com)
The yield curve
- Some well-founded caveats on the yield curve inversion. (etf.com)
- The yield curve is inverted. Is it different this time? (blairbellecurve.com)
- The yield curve is an indicator with a pretty good track record. Nothing more, nothing less. (theirrelevantinvestor.com)
- Keep an eye on how long the yield curve stays inverted. (fattailedandhappy.com)
Economy
- Q4 GDP growth came in at 2.2% revised. (calculatedriskblog.com)
- Weekly initial unemployment claims are still hanging out at historically low levels. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Startup links: a strong finance function. (abnormalreturns.com)
- Personal finance links: held hostage by failure. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: concentrated portfolios. (abnormalreturns.com)
Mixed media
- Moneyball has made baseball boring. (marketwatch.com)
- Baseball keeps pulling from a bigger pool of players, especially pitchers. (nytimes.com)
- Should MLB try to buy the RSNs Disney is being forced to sell? (qz.com)
- Expect another season full of KOs and HRs. (nytimes.com)
- MLB is increasingly a father-son game. (fivethirtyeight.com)
