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Quote of the Day
"If investing were as easy as looking at market cap to revenue or PE ratio or book value and declaring “It’s cheap” or “It’s overvalued”, then anyone with a calculator would be immensely wealthy."
(Josh Brown)
Strategy
- Stock prices are driven both by data and emotions. (awealthofcommonsense.com)
- Active management has a bad reputation these days. Is is deserved? (blog.validea.com)
IPOs
- The IPO boom is not just a US phenomenon. (ft.com)
- Mobile-gaming company Skillz Inc. is set to go public through a deal with a SPAC. (wsj.com)
- Bumble is planning an IPO. (fastcompany.com)
Finance
- Institutional investors are unhappy with the NYSE's plan for direct listings. (wsj.com)
- Will retail traders discover futures trading? (rcmalternatives.com)
Windows 95
- How Windows 95 changed the world. (anildash.com)
- How Windows 95 paved the way for consumer Internet. (om.co)
- Windows 95 had a huge (negative) impact on the Mac. (sixcolors.com)
Air travel
- United Air ($UAL) is laying off another 16,000 workers. (wsj.com)
- This French airport is full up with idled jets. (msn.com)
- On the risk of flying in pandemic and the illusion of control (rationalwalk.com)
Global
Pandemic effects
- Shuttered offices are hurting the part of the economy that relies on working away from home. (marker.medium.com)
- Gasoline demand has not bounced back to pre-pandemic levels. (wsj.com)
- The pandemic has profoundly changed consumer behavior. (reuters.com)
- The child care crisis is real. (theincidentaleconomist.com)
Economy
- Heavy truck sales are down 26% year-over-year. (calculatedriskblog.com)
- Why the letter "K" describes the current economic recovery. (msn.com)
- Why the coronavirus is likely to continuing burning through the US population until a vaccine is developed. (morningstar.com)
Earlier on Abormal Returns
- Personal finance links: the rental "income" myth. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: the underlying structure of things. (abnormalreturns.com)
- Every Friday I send out five links for advisers to help them think a little differently about the world. Sign up now! (newsletter.abnormalreturns.com)
