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Quote of the Day
"This is why it’s wrong to say we live in especially uncertain times. The future is always uncertain; it’s just that we’re currently very aware of it."
(Oliver Burkeman)
Chart of the Day
The big winners (and losers) in the asset management space in 2020.
Strategy
- Even wonderful companies experience big drawdowns. (novelinvestor.com)
- Most stocks underperform the index and 2020 is no exception. (theirrelevantinvestor.com)
Amazon
- Amazon ($AMZN) product ratings have become a battle ground among participants. (bbc.com)
- Amazon ($AMZN) is still selling products flagged as dangerous. (cnn.com)
- A profile of Andy Jassy, who is widely believed to be Bezos' successor. (washingtonpost.com)
Apple
- Apple ($AAPL) has changed its App Store rules for streaming games. (cnbc.com)
- An interview with M.G. Siegler about the future for Apple ($AAPL). (onezero.medium.com)
Peloton
- Peloton ($PTON) saw a surge in sales in pandemic. (cnbc.com)
- Peloton ($PTON) is launching a new, cheaper treadmill and expensive bike. (theverge.com)
Banks
- Citigroup ($C) is the first major Wall Street bank that is set to have the first female CEO. (reuters.com)
- JP Morgan Chase ($JPM) is calling senior traders back to the office. (wsj.com)
Finance
- Why 2020 is the year of the SPAC. (news.crunchbase.com)
- PayPal's ($PYPL) Venmo keeps growing in pandemic. (marker.medium.com)
- The NYSE is pushing back against a proposed transactions tax in New Jersey. (wsj.com)
Global
Economy
- Mortgage rates may be low but availability has dropped. (housingwire.com)
- Online schooling is forcing more Americans out of the work force. (wsj.com)
- Financial problems in pandemic worsen health outcomes, and vice versa. (npr.org)
Earlier on Abnormal Returns
- Podcast links: pursuing happiness. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: why we need philosophy. (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)
