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Quote of the Day
"When I hear someone say “it’s more art than science,” what I really hear is “it’s at least as much luck as skill.”
(Michael Batnick)
Inflation
- Treasury-implied measure of inflation continue to fall. (capitalspectator.com)
- Still no inflation here. (crossingwallstreet.com)
Strategy
- How a decade can make a big difference in relative returns. (awealthofcommonsense.com)
- Some lessons for my former investing self. (blog.validea.com)
- Spend more time on your behaviors and less time on splashy headlines. (ritholtz.com)
Crypto
Decline
- Department stores are (still) in secular decline. (wsj.com)
- Newspaper revenue still has room to shrink. (niemanlab.org)
Beyond Meat
- Trying to put a valuation on Beyond Meat ($BYND). (aswathdamodaran.blogspot.com)
- The race is on to become the Beyond Meat ($BYND) of seafood. (bloomberg.com)
- Why Beyond Meat ($BYND) relies on pea protein for its burgers. (theverge.com)
- Tyson Foods ($TSN) is jumping into the fray with a 'blended burger.' (fastcompany.com)
Finance
Global
Retirement
- In 2020, Social Security will pay out more in benefits than it taxes in via taxes. (nytimes.com)
- Fears of retirement shortfalls are not a US-only phenomenon. (bloomberg.com)
Homes
- More signs that the home market has cooled off. (thebasispoint.com)
- Not surprisingly, we are seeing a spike in mortgage applications. (wsj.com)
Economy
- Weekly initial unemployment ticked higher last week. (calculatedriskblog.com)
- There is a clear peak in the manufacturing data. (econbrowser.com)
- The Chicago Fed National Activity Index (CFNAI) for April was worrying. (econbrowser.com)
Earlier on Abnormal Returns
- Startup links: not a fit for venture funding. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the highest dividend. (abnormalreturns.com)
- Put as many money decisions on autopilot that you can. (abnormalreturns.com)
- Talking about the future of financial advice with Cullen Roche. (abnormalreturns.com)
- On the perils of passive news consumption. (abnormalreturns.com)