Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today!
Quote of the day
“So what is the secret to profiting from a crash? One tried and true method is boldly predicting that there will be one and charging people for your insight.” – Spencer Jakab
Chart of the day
Hard not to see a trend here. (@charliebilello)
Value
- The real reason value has been lagging: anomalous growth performance. (institutionalinvestor.com)
- The value factor continues to perk up. (capitalspectator.com)
Strategy
- The chances of you timing the stock market using economic data is slim, at best. (theirrelevantinvestor.com)
- Why we love to overcomplicate investing. (novelinvestor.com)
- You are always your most valuable client. (rationalwalk.com)
WeWork
- Derek Thompson, "It is not unusual for founders of billion-dollar enterprises to get rich. What’s deeply unusual, however, is the way Neumann wrapped himself around WeWork’s business to squeeze profit from its every pore, even as he proclaimed his firm’s spirit of generosity." (theatlantic.com)
- "The cliff dive by WeWork and its quixotic founder has little precedent, even in the boom-and-bust world of startups." (wsj.com)
- Are WeWork's busiest locations actually profitable? (nytimes.com)
- WeWork's China operations are a huge cash drain. (ft.com)
Drones
- Like it or not, drones are becoming a reality and are coming to a neighborhood near you. (wsj.com)
- Wing, which is owned by Google parent Alphabet, has started making drone deliveries in Alexandria, VA. (cbc.ca)
- Why drug store deliveries are a sweet spot for drones. (wired.com)
Companies
- Why you are seeing more ads on Twitter ($TWTR). (onezero.medium.com)
- The shopping mall is dead. Just don't tell the owners of American Dream which is opening in New Jersey. (nytimes.com)
Finance
- It's not unthinkable that one of the central counterparty clearing groups could collapse. (ft.com)
- Machine learning in finance is not just for alpha generation. (mrzepczynski.blogspot.com)
- How are online brokers going to make up for lost commission revenue? (ft.com)
Funds
- Two lessons from the Woodford saga in the UK including "Mutual funds shouldn’t hold non-public securities." (morningstar.com)
- Don't hold your breath for a hedge fund comeback any time soon. (finance.yahoo.com)
- Institutional investors have recently experienced a series of cyber attacks. (institutionalinvestor.com)
Economy
- An uninverted yield curve is not an 'all-clear' signal. (businessinsider.com.au)
- Real home price growth has flattened out. (econbrowser.com)
Earlier on Abnormal Returns
- Podcast links: the ad ecosystem. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: the importance of being there. (abnormalreturns.com)
Mixed media
- 13 lessons learned from 13 years of Brain Pickings including "Do nothing for prestige or status or money or approval alone." (brainpickings.org)
- Why Sarah Lacy is getting out of Silicon Valley and journalism. (businessinsider.com)
- Cutting back on news consumption will help free up your brain. (financialducksinarow.com)
