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Quote of the Day
"So anyway, that's why it doesn't really feel like a bubble. People aren't quitting their jobs (to trade stocks), buying new cars (with their capital gains), bigger houses and things like that we saw back in 2000. Most people I talk to still tend to hate stocks, the financial crisis still fresh in their minds."
(The Brooklyn Investor)
Strategy
- Who does the Permanent Portfolio work for? (humbledollar.com)
- A market correction is coming at some point. Are you ready for it? (stockcharts.com)
Companies
- Technical debt can haunt companies for decades. (ft.com)
- Chewy.com's ($CHWY) co-founder on the key decisions that made the company a success. (businessinsider.com)
- Why Xerox ($XRX) shouldn't by HP ($HPQ). (barrons.com)
Finance
Funds
Policy
- Life expectancy has dropped for three straight years in the US. (jamanetwork.com)
- The fertility rate in the United States fell in 2018 for the fourth straight year. (nytimes.com)
- We are getting more data on the minimum wage and jobs growth. (axios.com)
- Older Americans spend more on health care than in other countries. (klementoninvesting.substack.com)
- Americans increasingly support life in prison vs. the death penalty. (news.gallup.com)
- Bank branches are another service that rural America is progressively losing. (axios.com)
- Are economic conditions having less impact on election outcomes? (economist.com)
- Is American innovation sputtering? (hbr.org)
Global
Economy
- The US is now a net exporter of oil. (ft.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: natural ability and determination. (abnormalreturns.com)