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Quote of the Day
"Modern social media, which largely displaced the individual feed model with the algorithmically-generated timeline, instead emphasizes passive content consumption, as the amount of times you can check on your friends in a given week is relatively small, while the time you can dedicate to content consumption is boundless."
(Cal Newport)
The 2010s
- The S&P 500 won the past decade on an absolute and relative basis. (fortune.com)
- The 20 best performing stocks of the past decade. (visualcapitalist.com)
IPOs
- 13 so-called Unicorns went public in 2019. How'd they do? (wsj.com)
- Bill.com ($BILL) has been a standout IPO, trading-wise. (qz.com)
Biases
- Good luck trying to avoid the 'peak-end rule.' (ritholtz.com)
- There's really one investment edge that the average investor can hope to possess. (theirrelevantinvestor.com)
- 2019 was another year in which hindsight bias rules. (independenceadvisors.com)
Companies
- California companies are rushing to hire female board members to come into compliance with a new law. (nytimes.com)
- Why Satya Nardella of Microsoft ($MSFT) is CEO of the year. (ft.com)
Finance
- The SEC is proposing to loosen accredited investor rules. (reuters.com)
- Is the Fed going to be able to handle any repo market weirdness around year-end? (economist.com)
Funds
- Angelo Calvello, "What our industry so facilely calls “strategic partnerships” are neither strategic nor partnerships." (institutionalinvestor.com)
- Renaissance Technologies pushed the envelope on taxes and employees may have to pony up. (wsj.com)
Global
Economy
- Weekly initial unemployment claims are coming in higher than expectations. (calculatedriskblog.com)
- A falling fertility rate and lower immigration are set to put the US in a demographic bind. (wsj.com)
Star Wars
- Can the Star Wars franchise survive the end of the Skywalker storyline? (bbc.com)
- Are we sure the Jedi are actually a force for good? (theringer.com)
- What the critics are saying about 'Star Wars: The Rise of Skywalker.' (hollywoodreporter.com)
- A Star Wars spoiler generator. (xkcd.com)
Earlier on Abnormal Returns
- Startup links: budgeting for budgets. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: time and energy. (abnormalreturns.com)
