Thursdays are now all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at the slow rolling disaster that is the devastation of local news.
Quote of the Day
"Americans are using less cash but they are holding more, which presents a challenge for the Federal Reserve and other central banks around the world."
(Brendan Greeley)
Investing
- How the democratization of investing is changing the relative valuation of stocks and sectors. (medium.com)
- The debate about share buybacks is in large part about executive compensation. (caseywolf.blog)
- Legal cases between hedge funds and their former employees over IP are almost always ugly. (institutionalinvestor.com)
Business
- American small business was struggling before the pandemic. What comes next? (vox.com)
- GE ($GE) had 'digital ambitions' beyond its industrial core, they have not come to fruition. (wsj.com)
- Local television stations continue getting rolled up, meet Nexstar Media Group. (cjr.org)
- Lessons learned on turning around an organization from 'It’s Your Ship’ by Captain D. Michael Abrashoff. (mastersinvest.com)
- The weird story of the downfall of a Fortune 500 CEO. (propublica.org)
Book excerpts
- Democracy doesn't work without local news: an excerpt from "Ghosting the News: Local Journalism and the Crisis of American Democracy" by Margaret Sullivan. (theatlantic.com)
- How to live your "third age" from "What Retirees Want: A Holistic View of Life’s Third Age" by Ken Dychtwald. (barrons.com)
Longreads
- Five trends that were in place before 2020 that help explain what is going on in the midst of pandemic. (collaborativefund.com)
- You can't discuss the global Internet these days without talking about geopolitics. (stratechery.com)
- Just how accurate are prediction markets? (daily.jstor.org)
- To keep expanding telehealth, the US is going to have to make it easier from a regulatory perspective. (engadget.com)
- The dam has broken when it comes to Americans dealing with end-of-life issues. (nytimes.com)
- Wildfires often leave lasting trauma for its survivors. (theatlantic.com)
- What happens when an individual gets a monopoly on rare parrot species? (audubon.org)
