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Quote of the Day
“We’ve defined the way the industry is today.”
(Tim Buckley, CEO of Vanguard)
Markets
- Hedge funds have delivered around a 8.5% return YTD. (ft.com)
- A look at the top 11 performing S&P 500 stocks YTD. (markets.businessinsider.com)
- Expect to hear more Nasdaq 10,000 talk. (howardlindzon.com)
Strategy
- How Peter Lynch is the Barry Sanders of investing. (awealthofcommonsense.com)
- Lessons learned from Gregory Zuckerman's "The Man Who Solved The Market: How Jim Simons Launched the Quant Revolution." (rationalwalk.com)
Amazon
- Amazon ($AMZN) dealt with a lot of bad PR in 2019. (axios.com)
- How one of the first Amazon ($AMZN) distribution centers changed Campbellsville, Kentucky. (nytimes.com)
- 'Amazon's Choice' items are not necessarily the best deal. (wsj.com)
Companies
Finance
- "US banks’ portfolios of business loans all but stopped growing in the second half of 2019..." (ft.com)
- Cash-out mortgage refinancings are on the rise again. (wsj.com)
Funds
Global
- Some stunning stats on how rapidly Japan is aging. (marginalrevolution.com)
- "Tuvalu earns about 1/12th of its annual gross national income (GNI) from licensing its domain to tech giants like Amazon-owned streaming platform Twitch..." (washingtonpost.com)
Policy
- Wages at the low-end are beginning to pick up. (wsj.com)
- Billionaires had a good decade. So why are they acting like victims? (washingtonpost.com)
- It's hard keeping up with all the fudging of economic statistics these days. (ritholtz.com)
- There is push on to give prisoners job skills before leave prison. (nytimes.com)
- More land use regulation equals higher housing costs. (marginalrevolution.com)
Economy
- 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: strip-mining the sea. (abnormalreturns.com)
Mixed media
- Barack Obama's favorite books of 2019 including "How to Do Nothing: Resisting the Attention Economy" by Jenny Odell. (axios.com)
- Brad Feld recommends David R. Mello's eloquent memoir, "One Base at a Time: How I Survived PTSD and Found My Field of Dreams." (feld.com)
- The 20 best books of 2019. (mentalfloss.com)
