Markets

• The Dow is now down on the year. (sentimentrader.com)
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• The 3 month-10 year re-inverted yesterday. (axios.com)
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Strategy

• There is no single definition of risk that works for everybody. (blog.validea.com)
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Crypto

• Overall interest in Bitcoin is down, but criminals still love it. (nytimes.com)
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Boeing

• Boeing ($BA) had its first annual loss in 20 years. (axios.com)
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• Given the 737 Max disaster, why isn't Boeing's ($BA) stock lower? (ft.com)
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Media

• The lead up to the launch of HBO Max is costing AT&T ($T) in the short run. (variety.com)
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• Penn National ($PENN) is buying a stake in Barstool Sports. (vox.com)
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• Berkshire Hathaway ($BRK.A) is exiting the newspaper business. (wsj.com)
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• Ben Smith is leaving Buzzfeed News for the New York Times ($NYT). (vox.com)
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• Why Scroll is better model than Apple ($AAPL) News. (techcrunch.com)
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Finance

• SPAC issuance hit a record in 2020. (ft.com)
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• The data clearly show Goldman Sachs' ($GS) consumer push. (media.thinknum.com)
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• The CFPB has been effective de-fanged. (cnbc.com)
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Collectibles

• Sealed video games are the hot new collectible. (nytimes.com)
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• John Maynard Keynes was a good art collector as well. (academic.oup.com)
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Global

• Germany is getting left behind with the rise of Big Tech. (ft.com)
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• Activist investors in Japan are on a roll. (ft.com)
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Economy

• Fed Chairman Powell is a pragmatist. (nytimes.com)
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• Do recessions HAVE to happen? (pragcap.com)
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Earlier on Abnormal Returns

• Personal finance links: distilled effort. (abnormalreturns.com)
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• Nobody wants your sh*t. (abnormalreturns.com)
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• We may now need to add another entry to the pantheon of financial innovation: target-date funds. (abnormalreturns.com)
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• How upping your saving rate when you get a raise (or bonus) can help you sidestep lifestyle creep, avoid numerous decisions and help you save for retirement. (abnormalreturns.com)
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• What you missed in our Tuesday linkfest. (abnormalreturns.com)
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• Research links: value in disguise. (abnormalreturns.com)
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Mixed media

• There's never been a better time to be a creative person. (howardlindzon.com)
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• A radical guide to using your phone less including printing your airline tickets. (ryanholiday.net)
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• Fasting, of all types, is not a modern invention. (fastcompany.com)
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