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Quote of the Day
"We begin paying attention only when someone is producing a remarkable performance. Genius followed by mediocrity is a story arc we all notice. Mediocrity followed by genius just looks like genius — assuming the mediocre performer gets a second chance. Not all do."
(Tim Harford)
Markets
- Yet another example of mistaken (ticker) identity. (ftalphaville.ft.com)
- Keep your politics out of your investing. (zeninvestor.org)
Strategy
- A reminder of just how bearish people were in 2013, five years post-GFC. (morningstar.com)
- When your investment strategy is out of favor work on everything else you can. (aqr.com)
- Risk first, everything else second. (fortunefinancialadvisors.com)
Slack
- No matter how you slice it Slack's ($WORK) first day was a success. (wsj.com)
- Slack ($WORK) is an example of where a lot angel investors won big. (forbes.com)
- Accel's 24% stake in Slack ($WORK) is unusual for any number of reasons. (finance.yahoo.com)
- How Slack ($WORK) pivoted from gaming company to workplace collaboration juggernaut. (a16z.com)
- Do we really want Slack ($WORK) to replace work e-mail? (nytimes.com)
Global
Dogs
- How did so many dog breeds evolve from gray wolves? (ritholtz.com)
- How dog physiology makes 'puppy dog eyes' possible. (arstechnica.com)
- This is the most dog-friendly office, ever. (fastcompany.com)
Farm economy
- Farmer sentiment is at a three-year low. (modernfarmer.com)
- Low soybean prices aren't helping. (econbrowser.com)
Earlier on Abnormal Returns
- Podcast links: audiobooks and podcasts. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: worry about executing. (abnormalreturns.com)
- Diverse life experiences make for better financial advisors. (abnormalreturns.com)
- Technology is going to allow us to automate more of our 'money modules.' (abnormalreturns.com)
- Good luck trying to find a decent .com URL these days. (abnormalreturns.com)
- What we lose when convenience trumps experience: the case of brisket. (abnormalreturns.com)
