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Quote of the Day
"Get-There-Itis is a behavioural bias, which more broadly would be termed ‘Plan continuation bias’. And as with most behavioural biases it’s not confined to airline pilots. We are ALL subject to it."
(Carolyn Gowen)
Strategy
- Smart investment types say retail is 'dumb money' but there is little actual evidence of this. (morningstar.com)
- Every investor has a story of a stock that they sold too soon. (rationalwalk.com)
- Portfolio rebalancing is about risk, not return. (morningstar.com)
- Never stop looking for new ways to invest. (novelinvestor.com)
IPOs
- Goldman Sachs ($GS) is not going to take public companies with white, all-male boards. (finance.yahoo.com)
- Casper is the epitome of the new wave of direct-to-consumer companies. Can it successfully go public? (wsj.com)
Companies
- A skeptical look at Shopify's ($SHOP) lofty valuation. (ftalphaville.ft.com)
- Eight things you probably don't know about Jack Dorsey of Twitter ($TWTR) fame. (330ramp.com)
- TikTok usage is skyrocketing in the US. (adage.com)
Finance
Fund management
- 20% of asset management firms could disappear over the next five years. (institutionalinvestor.com)
- A cool visualization of all the funds that Julian Robertson's Tiger Management ultimately spawned. (media.thinknum.com)
ETFs
- A visualization of the ETF universe shows the growth in bond ETFs. (visualcapitalist.com)
- Does low-vol work in emerging markets as well? (morningstar.com)
- A look at the bifurcated nature of biotech ETFs. (etf.com)
MBA
- MBA programs are getting creative to offset a drop in applications. (ft.com)
- John Hopkins University is completely reworking its MBA curriculum. (wsj.com)
- More MBA programs are admitting students without bachelor's degrees. (ft.com)
Places
- Idaho communities are struggling to accommodate the influx of former Californians. (wsj.com)
- FYI, Baby Boomers are NOT moving back to city centers. (nytimes.com)
Earlier on Abnormal Returns
- Podcast links: longform history. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: making good decisions. (abnormalreturns.com)
- Wisdom, vulnerability and authenticity. (abnormalreturns.com)
- Risk and return: survive and move on. (abnormalreturns.com)
