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Quote of the Day
"No investor needs hedge funds or private equity per se."
(Christopher Schelling)
Markets
- Reddit is the new home for the pump-and-dump schemes. (ftalphaville.ft.com)
- Free commission, fractional trading are allowing newbie traders an opportunity to trade something like Tesla ($TSLA). (howardlindzon.com)
Strategy
- Recency bias plagues investors. (evidenceinvestor.com)
- Why we never think bad stuff is going to happen to us. (rpseawright.wordpress.com)
- More evidence on the power of default options. (marketwatch.com)
- Is 'mental accounting' all that irrational in practice? (ft.com)
Apple
- Apple ($AAPL) is now Berkshire Hathaway's ($BRK.A) largest single stock position. (wsj.com)
- Apple ($AAPL) is considering whether to give rival apps more prominence on iPhones and iPads (bloomberg.com)
Coronavirus
- Now is a great time for CEOs to 'kitchen sink' their earnings based on the coronavirus. (epsilontheory.com)
- At some point the coronavirus is going to hit Amazon's ($AMZN) supply chain. (nytimes.com)
Streaming
- Rich Greenfield of LightShed on the state of the streaming wars. (thereformedbroker.com)
- Which is why a DirecTV-Dish Network merger is inevitable at some point. (hollywoodreporter.com)
- Six million American households cut the cord in 2019. (variety.com)
- ViacomCBS ($VIAC) is throwing more content at CBS All Access. (techcrunch.com)
Finance
- The Members Exchange (MEMX) keeps gaining members ahead of its launch later this year. (axios.com)
- Distressed debt investor, Marblegate Asset Management LLC, just bought a portfolio NYC taxi medallion loans. (wsj.com)
- You can't fudge cash accounting, or can you? (economist.com)
Global
- The negative interest rate experiment in Sweden is now done. (ft.com)
- Africa is so much bigger than you think. (visualcapitalist.com)
- An overview of world population, circa 2020. (yaleglobal.yale.edu)
Economy
Earlier on Abnormal Returns
- Startup links: tech vs. the tech press. (abnormalreturns.com)
- When it comes to investing there is a big difference between random and wrong. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: knowing your nut. (abnormalreturns.com)
- Our lives are filled with stuff, most of which is disposable. (abnormalreturns.com)
- Italy is a study in contrast: tourists want in, the youth want out. (abnormalreturns.com)
Mixed media
- US Steel ($USX) is fundamentally changing directions to become a dual operator of blast furnaces and electric-furnace plants. (wsj.com)
- SpaceX is planning to take space tourists into orbit with the Dragon craft. (newscientist.com)
- Grocers are taking back control of their shelves using...data. (wsj.com)
- Here's an example of a horrible business. (charlessizemore.com)
