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Quote of the Day
"If you build something great, the world will find it. The marketing will take care of itself."
(Josh Brown)
Chart of the Day

2020 has seen an unusual number of stocks up at least 400% at some point.
Companies
- What are the characteristics of the worst-performing stocks? (novelinvestor.com)
- Is Exxon ($XOM) the next General Electric ($GE)? (awealthofcommonsense.com)
IPOs
- Asana ($ASAN) and Palantir ($PLTR) conducted direct listings today. (wsj.com)
- The founders of Palantir ($PLTR) are not giving up control by going public. (ft.com)
- McAfee files to come back public. (reuters.com)
Funds
- 2020 will see a record number of ETP closures. (etf.com)
- Multi-strategy hedge funds have led the way in 2020. (ft.com)
- It's getting harder to run tax-exempt money market mutual funds. (barrons.com)
Airlines
- Seven major US airlines closed on loans with the Treasury Department. (cnbc.com)
- Aviation workers are using the pandemic to re-think their careers. (nytimes.com)
Housing
- The trend in housing is pretty clear. (thereformedbroker.com)
- Why the boom in housing could last awhile. (axios.com)
- It's hard to see how technology and new business models don't work their way into the home buying process. (awealthofcommonsense.com)
- Housing has always been a big part of the American business cycle. (capitalspectator.com)
Global
- Pandemic is forcing Japanese companies to rethink corporate work culture. (washingtonpost.com)
- The IPO of Big Hit Entertainment, the label for BTS, is the country's biggest in three years. (bbc.com)
Earlier on Abnormal Returns
- Personal finance links: an advisor's job. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: uncertain sales growth. (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)