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Quote of the Day
"In investment and life it is important to have principles—things you believe in deeply and are willing to stick to even when they are unpopular and costly. But only fanatics make every decision a matter of principle."
(Aaron Brown)
Markets
- Despite the pullback, lumber prices are still up 65% year-over-year. (calculatedriskblog.com)
- Measures of financial stress can turn on a dime. (mrzepczynski.blogspot.com)
Strategy
- How to mitigate the risk of a Japan-like stock market scenario. (awealthofcommonsense.com)
- The pandemic is an opportunity to reset some of your investing habits. (morningstar.com)
- Value vs. growth is just about about relative expectations. (blog.validea.com)
IPOs
- Why VCs are launching their own SPACs. (axios.com)
- Startup auto insurer, Root, has filed to go public. (barrons.com)
Finance
- Why the financial sector would look a lot better if include highflyers like Visa ($V), Square ($SQ) and PayPal ($PYPL). (theirrelevantinvestor.com)
- More companies are letting their workers get at their pay early via third-party apps. (nytimes.com)
- Venmo has launched its first credit card. (theverge.com)
Fund management
- A great reminder than equity indices are not static things. (indexologyblog.com)
- Six factors to consider before going out on your own as an investment manager. (blogs.cfainstitute.org)
Leisure
- Why valuation-wise, Disney ($DIS) shareholders are looking past the pandemic. (msn.com)
- Theme parks are different from movie theaters in some important ways. (ft.com)
- Why some tourist towns are thriving and others aren't. (vox.com)
Air travel
- Boeing ($BA) projects the pandemic will reduce demand for planes for a decade. (wsj.com)
- The airline business optimized for the economics of 2019. (marker.medium.com)
- Boom has rolled its XB-1 supersonic prototype plane. (engadget.com)
Housing
- The Denver housing market is on fire. (cnbc.com)
- How the single-family housing rental companies are getting a pandemic boost. (wsj.com)
Economy
- Why President Trump killed stimulus talks. (blogs.uoregon.edu)
- The first round of stimulus worked which is why the delay this time around is so maddening. (thereformedbroker.com)
Earlier on Abnormal Returns
- Personal finance links: when bad decisions happen. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- 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)
- 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)
