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Quote of the Day
"If you think you have a sustainable informational edge, you’re either deluding yourself, or you have inside information."
(Andrew Dickson)
Diversification
- Risk management is about the stuff you can't see. (mrzepczynski.blogspot.com)
- How many stocks should you own in a portfolio? (intrinsicinvesting.com)
- Diversification is not for idiots. (valuestockgeek.com)
Behavior
- Why are stories so important to investors? (behaviouralinvestment.com)
- Behavioral science only has some of the answers. (behavioralscientist.org)
- Decisions can't be judged based solely on outcomes. (fs.blog)
Crypto
- Bitcoin is in a lull: tulip bulbs or the new Internet? (nytimes.com)
- Masayoshi Son lost an estimated $130 million on Bitcoin. (wsj.com)
Uber
- The Uber ($UBER) S-1 raises more questions than it answers. (stratechery.com)
- Uber has a new competitor in Bolt. (nytimes.com)
- Are a public Lyft ($LYFT) and Uber ($UBER) going to mean higher fares? (wsj.com)
Companies
- Luckin Coffee, Starbucks' ($SBUX) major competitor in China is going public. (techcrunch.com)
- Good luck to the new CEO of Kraft Heinz ($KHC). (wsj.com)
Fintech
- Robinhood wants to open a full-fledged bank. (financial-planning.com)
- Will Gen Y open bank accounts with T-Mobile? (thebasispoint.com)
Funds
- Emerging market equity ETFs are driven predominantly by its underlying index. (morningstar.com)
- Another major asset manager is cutting jobs. (bloomberg.com)
Global
Earlier on Abnormal Returns
- Research links: reading the papers. (abnormalreturns.com)
- In today's Market Moment we discuss when the AP's Twitter account got hacked. (shows.pippa.io)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: blind allegiance. (abnormalreturns.com)
- Teaching the basics of financial literacy with Tony Isola. (abnormalreturns.com)
Mixed media
- Jared Diamond author of the new book "Upheaval: Turning Points for Nations in Crisis" on how societies come back from crises. (theguardian.com)
- Mihir Desai's "How Finance Works: The HBR Guide to Thinking Smart about the Numbers" is "a wonderfully smart introduction to finance." (readingthemarkets.blogspot.com)
- A Q&A with Jenny Odell author of "How to Do Nothing: Resisting the Attention Economy." (theverge.com)
- Noah Kagan's favorite books of 2019 so far including "Beat the Reaper: A Novel" by Josh Bazell. (okdork.com)
