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Quote of the Day
"A dirty secret of the investment business is that fund managers don’t buy and hold—not because they don’t want to, but because they can’t."
(Jason Zweig)
Markets
- The US stock market is the exception to the rule. (awealthofcommonsense.com)
- Global market underperformance since 1990 scaled. (visualcapitalist.com)
Strategy
- When, if ever, does it make sense to buy an individual stock? (humbledollar.com)
- Why investment scams continue to flourish. (scheplick.com)
Companies
- WeWork would not have happened without a board willing to enable Adam Neumann. (wsj.com)
- Amazon ($AMZN) is 'strip mining' innovations to bolster AWS. (nytimes.com)
Media
- Disney ($DIS) is slow playing the Baby Yoda game. (theringer.com)
- Everyone wants a piece of Roku's ($ROKU) ad business. (medium.com)
- Does Netflix ($NFLX) have a quality problem? (gen.medium.com)
- "The Joker" is the highest grossing R-rated movie of all-time. So why did Warner Brothers give up so much of the backend? (theirrelevantinvestor.com)
Funds
- Jonathan Clements, "There are so many ways to squander the cost advantage offered by low-fee index funds." (humbledollar.com)
- Invesco is closing 42 ETFs with $1.13 billion in AUM. (etf.com)
Policy
- Income inequality in the US is growing for two separate and unique reasons. (washingtonpost.com)
- The economics profession has advanced over the past decade all the while losing clout with policymakers and the public. (finance.yahoo.com)
- Online shopping is not creating net new jobs. (news.yahoo.com)
- What role is globalization playing in lower inflation? (mrzepczynski.blogspot.com)
- We need more (non-stock market) indices. (marginalrevolution.com)
Taxation
- The US currently has the fourth lowest tax rate among developed countries. (ritholtz.com)
- US government, at all levels, is being starved of revenues. The implications of which are now and in the future. (foreignaffairs.com)
Economy
- Why you can pretty much ignore the Fed's dot plots. (mrzepczynski.blogspot.com)
- Economists don't have a good explanation for the past decade's economic performance. (wsj.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 this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Longform links: hacking bad tests. (abnormalreturns.com)
