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Quote of the Day
"The UK is entering a new world. It is forcing its people to abandon their rights in Europe. It is standing aside from the European project of structured and peaceful co-operation. It is choosing to be an independent island next door to what seems likely to remain an integrated European giant."
(Martin Wolf)
Markets
- The Dow is now down on the year. (sentimentrader.com)
- The 3 month-10 year re-inverted yesterday. (axios.com)
Strategy
Crypto
Boeing
- Boeing ($BA) had its first annual loss in 20 years. (axios.com)
- Given the 737 Max disaster, why isn't Boeing's ($BA) stock lower? (ft.com)
Media
- The lead up to the launch of HBO Max is costing AT&T ($T) in the short run. (variety.com)
- Penn National ($PENN) is buying a stake in Barstool Sports. (vox.com)
- Berkshire Hathaway ($BRK.A) is exiting the newspaper business. (wsj.com)
- Ben Smith is leaving Buzzfeed News for the New York Times ($NYT). (vox.com)
- Why Scroll is better model than Apple ($AAPL) News. (techcrunch.com)
Finance
- SPAC issuance hit a record in 2020. (ft.com)
- The data clearly show Goldman Sachs' ($GS) consumer push. (media.thinknum.com)
- The CFPB has been effective de-fanged. (cnbc.com)
Collectibles
- Sealed video games are the hot new collectible. (nytimes.com)
- John Maynard Keynes was a good art collector as well. (academic.oup.com)
Global
- Germany is getting left behind with the rise of Big Tech. (ft.com)
- Activist investors in Japan are on a roll. (ft.com)
Economy
Earlier on Abnormal Returns
- Personal finance links: distilled effort. (abnormalreturns.com)
- Nobody wants your sh*t. (abnormalreturns.com)
- We may now need to add another entry to the pantheon of financial innovation: target-date funds. (abnormalreturns.com)
- 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)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: value in disguise. (abnormalreturns.com)
