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Quote of the Day
Uber is "acting less like a start-up, and more like a legacy tech company scrambling for new growth. Think Oracle, IBM or perhaps even the modern-day Apple."
(Jamie Powell)
Markets
- Why markets have volatility feedback loops. (mrzepczynski.blogspot.com)
- Mike Dariano, "Something is always happening." (thewaiterspad.com)
Strategy
- Asset allocation is an exercise in decision making under uncertainty. (demonetizedblog.com)
- Recency bias and the run-up in US stocks relative to the world. (institutionalinvestor.com)
Companies
- Is Facebook ($FB) integrating WhatsApp and Instagram for legit business reasons or to avoid an anti-trust break-up? (nytimes.com)
- What the Apple ($AAPL) Card is and isn't. (wsj.com)
Regulation
- Is the CFP Board going to step up its enforcement actions? (wsj.com)
- Insurance company lobbyists own the 403(b) legislative space. (tonyisola.com)
Finance
- Investment banking is NOT a growth industry. (ft.com)
- Blackrock ($BLK) just made its first big investment out of its long-term PE fund. (institutionalinvestor.com)
- Dirt Capital Partners is investing in fledgling farms. (modernfarmer.com)
Global
Economy
- Can smaller cities (and states) reverse their brain drains? (wired.com)
- The urban-rural divide is only getting worse. (axios.com)
Earlier on Abnormal Returns
- Adviser links: fixing beneficiary designations. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
