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Quote of the Day
"It was so difficult to guess what life during the pandemic was going to be like — recall the genuine panic of February and March 2020. The question now under consideration is what will genuinely change if and when the world mean reverts."
(Barry Ritholtz)
Strategy
- If you let it, the stock market will mess with your brain. (thereformedbroker.com)
- The 60/40 portfolio has a problem: super-low starting bond yields. (awealthofcommonsense.com)
- There aren't many ways to diversify a portfolio. (alephblog.com)
- Why you should take what traders say with a big grain of salt. (ftalphaville.ft.com)
Berkshire and Japan
- Have the big Japanese 'trading companies' really changed all that much? (brooklyninvestor.blogspot.com)
- Will Buffett's interest prompt other investors to take a second look at Japan? (ft.com)
Retail
- Kroger ($KR) is struggling to keep up with growing demand for new shopping methods. (wsj.com)
- Another day, another bankrupt retailer, JC Penney, gets scooped up by a mall owner. (nytimes.com)
Exchanges
- The Long Term Stock Exchange is open for business. Now all it needs is listings. (protocol.com)
- There are other more traditional exchanges waiting to launch as well. (cnbc.com)
- More Chinese companies are now listing on the Hong Kong exchange as well. (wsj.com)
ETPs
- Global ETF AUM exceeded $7 trillion for the first tim ever. (ft.com)
- Behind the launch of AAF First Priority CLO Bond ETF ($AAA). (finance.yahoo.com)
- The end of exchange traded notes are nigh. (ft.com)
- Checking in on the ETF Deathwatch for August 2020. (investwithanedge.com)
Venture
- Another sign that the line between private and public markets are blurring. (wsj.com)
- A growing number of startups are in the end-of-life space. (news.crunchbase.com)
- Orchard wants to digitize more of the home buying and selling process. (venturebeat.com)
The UK
- London offices are not filling up fast enough to help nearby businesses. (nytimes.com)
- Home prices in the UK are on the rise everywhere but London. (ft.com)
Economy
- The improvement in initial claims data has stalled out. (bonddad.blogspot.com)
- The NFP and JOLTS reports are at odds at how fast the US is adding back jobs. (axios.com)
- The gap between big corporations and small business is growing in pandemic. (axios.com)
Earlier on Abnormal Returns
- Longform links: why we need philosophy. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: behavioral biases. (abnormalreturns.com)
- Part two of my Q&A with Morgan Housel author of the new book "The Psychology of Money." (abnormalreturns.com)
- Part one of my Q&A with Morgan Housel author of the new book "The Psychology of Money." (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)
