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Quote of the Day
"In general, software markets and businesses are 10X bigger than they were 10-15 years ago. This is due to the liquidity provided by the global internet."
(Elad Gill)
Chart of the Day
30-year mortgage rates are a touch lower than a historical model implies.
Markets
- What would Ben Graham think of today's stock market? (wsj.com)
- Why geopolitics should be a sideshow to your investing. (dashofinsight.com)
Strategy
- When asking 'what inning are we in?' is counterproductive. (awealthofcommonsense.com)
- Why classical technical analysis no longer works. (priceactionlab.com)
- The advantages individual investors have over institutions. (humbledollar.com)
Companies
Finance
- The Long Term Stock Exchange won approval from the SEC. (reuters.com)
- Private equity wants no part of Brexit. (ft.com)
Fund management
- Negative-fee ETFs are all about marketing. (ft.com)
- Endowment funds need to re-think their approach to investing. (mrzepczynski.blogspot.com)
Policy
- How economic policies can be used to reduce 'deaths of despair.' (papers.ssrn.com)
- More light, less crime. (nber.org)
Economy
- A tight labor market is putting the squeeze on small businesses. (wsj.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: breaking up Big Tech. (abnormalreturns.com)
