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Quote of the Day
"While it often feels there’s a dearth of opportunity out there, the real scarcity in this world isn’t in openings, but in common sense, social skills, manners, reliability, and persistence."
(Brett & Kate McKay)
Chart of the Day
Berkshire Hathaway’s ($BRK.B) big holdings of Apple ($AAPL) have not prevent a downturn for the stock YTD. (chart via @ycharts)
Markets
- Two popular sentiment indicators are saying the opposite thing. (sentimentrader.com)
- How Tesla ($TSLA) stock became such a market flashpoint. (330ramp.com)
Strategy
- Why now is a good time to take a step back from your portfolio and ask yourself five questions. (bnnbloomberg.ca)
- Why most of what you see on financial television is a distraction from your goals. (humbledollar.com)
- Most investors don't have any kind of plan. (financialducksinarow.com)
Finance
- Ant Group's IPO, in Shanghai and Hong Kong, will likely be the year's largest offering. (ft.com)
- Banks are adding to reserves for what is an unprecedented period. (wsj.com)
- Is easy credit and low rates setting us for a decade filled with 'zombie companies'? (nytimes.com)
Global
- Why the world is shocked by America's coroanvirus response. (washingtonpost.com)
- The Bahamas is again closing its borders to most US visitors. (usatoday.com)
- How Taiwan aced the coronavirus test. (cnbc.com)
- Lebanon is in financial collapse. (washingtonpost.com)
- At least half of Bali's economy relied on tourism. People are returning to their villages. (nytimes.com)
- How closing the border has affected Blaine, Washington. (nytimes.com)
Vaccines
- GlaxoSmithKline ($GSK) is buying a 10% stake in German vaccine maker CureVac. (barrons.com)
- The Serum Institute of India will be a key player in manufacturing any coronavirus vaccines that come to market. (politico.com)
- Five open questions for vaccine makers. (statnews.com)
- The UK now has a stake in three different virus technologies. (ft.com)
Economy
- Why your local economy has little to do with the stock market. (thereformedbroker.com)
- Tim Duy, "The Fed is moving past the emergency response phase of this recession and into the supporting/accelerating the recovery phase." (blogs.uoregon.edu)
- Six high frequency economic indicators, updated. (calculatedriskblog.com)
- The original relief bills were designed with a health response that never came. (vox.com)
- Employers are relying on wage cuts to get through the pandemic. (politico.com)
Earlier on Abnormal Returns
- Adviser links: digital primacy. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone else was reading last week on the site. (abnormalreturns.com)
- Finding better ways to care for your clients and yourself: why you should sign up for our new weekly adviser-focused e-mail newsletter. (abnormalreturns.com)
Mixed media
- Why communicating by e-mail and Slack is more fraught with misunderstandings. (onezero.medium.com)
- How hiring a coach can help you rethink your career trajectory. (institutionalinvestor.com)
- How virtual events are often better than IRL ones. (tomtunguz.com)
- What it takes to be 'hard to replace', these days. (seths.blog)
