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Quote of the Day
"So many professional fund managers extol the virtues of adopting a long-term approach, but how many are in a position or environment that allows their words to be validated by their actions?"
(Joe Wiggins)
Markets
Strategy
- Nir Kaissar, "There’s never been a better time to be a DIY investor, and there are many indications that investors are getting savvier." (msn.com)
- The search for an alternative to investment grade bonds isn't easy. (morningstar.com)
Companies
- One bright spot for commercial real estate: cold storage facilities. (wsj.com)
- Keith Thompson, "Generally speaking, every hotel in America has lost 20 to 35 percent of its value in the last six months..." (nytimes.com)
- Commercial rents in San Francisco are falling. (wsj.com)
SPACs
- Clover Health is coming public via a deal with a Chamath Palihapitiya-led SPAC. (cnbc.com)
- Why SPACs need to ensure founders simply cash out. (bloomberg.com)
- These SPACs are nearing their deadlines. (barrons.com)
- The London Stock Exchange wants in on the SPAC boom. (ft.com)
Funds
- The number of tax-exempt money market funds continues to slide. (wsj.com)
- A comparison of the Vanguard Total Bond Market ETF ($BND) and the iShares Core U.S. Aggregate Bond ETF ($AGG). (etf.com)
Global
- Why Spain has a nursing shortage. (ft.com)
- Why Iceland has reimposed some coroanvirus restrictions. (washingtonpost.com)
- All of New Zealand is once again out of lockdown. (axios.com)
- Britain doesn't want to miss out on the business of space. (nytimes.com)
Economy
- The coronavirus bailout misfired by focusing on business and not individuals. (washingtonpost.com)
- How will the K-shaped recovery resolve itself? In short, badly. (thereformedbroker.com)
- One sure thing coming out of pandemic: more debt. (compoundadvisors.com)
- Great advances often come from great tumult. (msn.com)
Earlier on Abnormal Returns
- Research links: a golden rule for venture capital. (abnormalreturns.com)
- Incremental solutions in pursuit of a clear goal beat the pointless pursuit of perfection. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: technology adoption. (abnormalreturns.com)
- October ESG links: unhelpful buzzwords. (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)
