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Quote of the Day
"When Dalio or Dimon point out that the pie is no longer being divided fairly, this is precisely what they are referring to — a tiny percentage of the population is now capturing all of the gains. This is not how it used to be."
(Barry Ritholtz)
Markets
- Junk bonds and long-term corporates are leading the bond market higher in 2019. (capitalspectator.com)
- Summarizing the case for international stocks. (movement.capital)
Strategy
- Luck plays a bigger role in our wealth accumulation that we are willing to admit. (awealthofcommonsense.com)
- How to improve your risk-adjusted returns. (theirrelevantinvestor.com)
- Diversification isn't new, but new ways to implement it are. (alphaarchitect.com)
- Do you understand reflexivity? (integratinginvestor.com)
Companies
- Disney+ ($DIS) is a huge undertaking for the company. (wsj.com)
- 81% of Pinterest ($PINS) users are female. (330ramp.com)
- The Jeff Bezos-penned Amazon ($AMZN) shareholder letter is now a must-read. (ftalphaville.ft.com)
- The retail apocalypse ain't over yet. (washingtonpost.com)
IPOs
- Companies are now taking a closer look at the lockup agreements. (ft.com)
- Lyft ($LYFT) shares are showing unusual volume. (theinformation.com)
- Why you should take order book numbers with a grain of salt. (ftalphaville.ft.com)
ETFs
- Vanguard is going to 'vanguard' the commodity fund space. (rcmalternatives.com)
- The SoFi Select 500 ETF (SFY) and the SoFi Next 500 ETF (SFYX) have (for now) negative fees. (etf.com)
- Will super-low ETF fees squelch competition? (forbes.com)
Global
Economy
- Weekly initial unemployment claims are at levels not seen since 1969l (crossingwallstreet.com)
- Inflation isn't doing much of anything. (calculatedriskblog.com)
- Gen Z is experiencing very different economic times than Millennials. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: measuring growth. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: perfect portfolios. (abnormalreturns.com)
- The art of investment decision making. (abnormalreturns.com)
- Software, marketplaces and institutionalizing the wine market. (abnormalreturns.com)
