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Quote of the Day
"There is only so much that individuals acting on their own can achieve, no matter how much they wash their hands, wear masks and maintain physical distance. Collective interventions are also needed to stem the spread of a deadly infectious disease."
(Nicholas Christakis)
Chart of the Day

All the relevant Covid statistics in the US are going in the wrong direction.
How I Invest My Money
- The case for automating (most) of your investment activity. (theirrelevantinvestor.com)
- "How I Invest My Money" isn't a how-to book and that is its strength. (humbledollar.com)
- Josh Brown and Brian Portnoy discuss what prompted them to put together "How I Invest My Money." (youtu.be)
Companies
- The introduction of Microban 24 demonstrates how P&G ($PG) has become more nimble. (wsj.com)
- Intel's ($INTC) disruption is now complete. (jamesallworth.medium.com)
- Why Berkshire Hathaway ($BRK.A) keeps buying back its own shares. (wsj.com)
- There is a good chance your holiday shipment wlll be delayed this year. (axios.com)
Apple
- Apple ($AAPL) is making big claims about its M1 chip. (theverge.com)
- The iPad Air offers most of the best iPad Pro features for less. (arstechnica.com)
IPOs
- A look at some of the companies queued up to go public before year-end. (protocol.com)
- Soon to be public Doordash ($DASH) is the clear leader in food delivery in the U.S. (wsj.com)
Global
- China and 14 other countries in the Asia-Pacific region ormed the Regional Comprehensive Economic Partnership (RCEP). (axios.com)
- Why Singapore has a fraught relationship with some of its neighbors. (bnnbloomberg.ca)
Pandemic
- A threat on the current state of the pandemic and why you should be even more careful. (twitter.com)
- States across the country are reimposing restrictions. (washingtonpost.com)
- School systems across the country are reversing their reopenings. (wsj.com)
- Grocery stores are ramping up their restriction again. (axios.com)
Policy
- Why member of Congress shouldn't trade stocks. (nytimes.com)
- Why a 'work from home' tax is unlikely to work. (theirrelevantinvestor.com)
- New York City is the latest city to test using specialized teams to respond to mental health crises. (wsj.com)
- America has changed its mind about drugs. (unherd.com)
- Life satisfaction surveys are biased upwards for older Americans. (privpapers.ssrn.com)
Economy
- An increasing number of Americans are falling off the unemployment rolls. (axios.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
- New data on who own wealth in the U.S. (blog.yardeni.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: exhausted health care workers. (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)