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Quote of the day
“In the technology world, fatuous slogans, broken promises, unlaced basketball shoes and black turtlenecks can only get you so far. It is then that the absence of a sound business model suddenly becomes evident.” – Michael Moritz
Chart of the day
What stakeholders say are their most important issues. (Just Capital)
Markets
- The sector odd couple, real estate and tech, continue to be the leading US sectors YTD. (capitalspectator.com)
- How to think about the uninverted yield curve. (mrzepczynski.blogspot.com)
- Why don't we about the flipside of stock buybakcks, share issuance, more? (theirrelevantinvestor.com)
Strategy
- How to build a recession-proof portfolio. (thereformedbroker.com)
- You can't gauge market consensus by watching CNBC. (alephblog.com)
Crypto
- Is Libra doomed? (economist.com)
- Why does the crypto crowd keep repeating a debunked claim about the lifespan of fiat currencies? (ftalphaville.ft.com)
Companies
- The world's largest company by market cap, Microsoft ($MSFT), increased revenue at a 14% annualized rate last quarter. (cnbc.com)
- Politics is helping drive users to Twitter ($TWTR), but profits are not keeping pace. (hollywoodreporter.com)
- Tesla ($TSLA) was profitable in Q3. (cnbc.com)
Streaming
- Can cracking down on password sharing help boost Netflix ($NFLX)? (fastcompany.com)
- Roku ($ROKU) wants to do more than sell boxes. (digiday.com)
- Dogs and cats: the Apple TV app is now on Amazon Fire devices. (9to5mac.com)
Finance
- Apple ($AAPL) Pay has topped Starbucks ($SBUX) as the top payment app. (emarketer.com)
- What will the "new" Wells Fargo ($WFC) look like? (economist.com)
- The shale sector is feeling a financing pinch. (ft.com)
Fund management
- Jeffrey Vinik, "What I learned after probably 75 meetings is, the hedge-fund industry of 2019 is very different than the hedge-fund industry when I started in 1996, and it’s even very different from the hedge-fund industry when I closed in 2013." (wsj.com)
- When marketing trumps performance. (evidenceinvestor.com)
- Private equity firm defends the value of investing in private equity. (institutionalinvestor.com)
Global
- 'Peak car' is holding back the global economy. (wsj.com)
- Muted sentiment makes emerging markets more appealing. (economist.com)
Economy
- Still no sustained pickup in weekly initial unemployment claims. (calculatedriskblog.com)
- A slowing economy brings everyone's biases out into the open. (bloomberg.com)
- US CEOs have not been this nervous since before the GFC. (nytimes.com)
Earlier on Abnormal Returns
- Startup links: the importance of being there. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the dynamic nature of life. (abnormalreturns.com)
