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Quote of the Day
"Risk is what you can’t see, think only happens to other people, aren’t paying attention to, are willfully ignoring, and isn’t in the news. A little surprise usually does more damage than something big that’s been in the news for months."
(Morgan Housel)
Chart of the Day
The price of crude oil is up some 50% since early November. (more here)
Markets
- Just how crazy is the IPO market compared to 1999-2000? (marketwatch.com)
- Interest rates are not the be-all, end-all when it comes to stock market valuations. (awealthofcommonsense.com)
- Why are stock market valuations higher than in previous recessions? (compoundadvisors.com)
- How investor sentiment works. (thereformedbroker.com)
Strategy
- Investors are constantly struggling with THIS battle. (pragcap.com)
- Buying a stock is a lot easier than selling it. (theirrelevantinvestor.com)
- Why finding, and holding, a stock like Tesla ($TSLA) is so difficult. (wsj.com)
- 9 investment lessons learned from cycling including "Crashes are bound to happen." (bankeronwheels.com)
- Diversification does not eliminate the risk of losses. (evidenceinvestor.com)
Crypto
- Some of the stigma around Bitcoin is fading for wealth individuals. (bloomberg.com)
- Another institutional investor is getting in on Bitcoin. (wsj.com)
Disney
- Disney ($DIS) is planning to flood DIsney+ with new content. (theverge.com)
- Disney ($DIS) investors love what the company is doing. (howardlindzon.com)
- Disney's ($DIS) content push relies heavily on its acquisitions. (theverge.com)
- Disney ($DIS) is going to test just how much 'Star Wars' content fans really want. (theringer.com)
Companies
- America loves Costco ($COST) in pandemic. (wsj.com)
- Nobody is seemingly happy with WarnerMedia's plans to release big films directly on HBO Max. (nytimes.com)
- How Uber ($UBER) helped lay the groundwork for Airbnb ($ABNB) and DoorDash ($DASH). (ritholtz.com)
IPOs
- The big IPOs are still companies founded in Silicon Valley. (news.crunchbase.com)
- Some Airbnb ($ABNB) hosts are kicking themselves for deleting an e-mail that gave them an opportunity to invest in the IPO. (npr.org)
SPACs
- The SPAC explosion is not slowing down. (axios.com)
- Celebrities are flooding the SPAC scene, but be careful. (barrons.com)
- Don't underestimate the costs of SPAC deals. (institutionalinvestor.com)
Funds
- 2020 has not been a good year for ETNs. (finance.yahoo.com)
- The most over and undersold benefits of ETFs. (morningstar.com)
- Why invest in something, nontraded REITs, if no one has faith in the valuations? (investmentnews.com)
Pandemic
- States will start receiving vaccine shipments tomorrow (Monday). (slate.com)
- There is still a big unanswered question about the coronavirus vaccines. (theatlantic.com)
- Vaccine researcher did the impossible thing, but the public has been unable to do the hard things. (theverge.com)
- This is what happens when hospitals start filling up. (washingtonpost.com)
- Should companies be able to require employees get vaccinated? (nytimes.com)
Policy
- There's not a lot individual states can do to help support small business in pandemic. (nytimes.com)
- Presidential elections based on national popular vote would solve a lot of problems. (washingtonpost.com)
- Unequal pay reverberates throughout a woman's life into retirement. (nytimes.com)
- Some ways on how to close the wealth and income gap. (mebfaber.com)
- Do data scientists need more oversight? (bloomberg.com)
Economy
- What the financial markets are saying about the potential for inflation. (blog.yardeni.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- The most-read items last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: the most effective interventions. (abnormalreturns.com)
- The search is on for one-stop, managed portfolios for alternative investments. (abnormalreturns.com)
- The 'Swiss cheese model' and the importance of avoiding single points of failure in pandemic and life. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter just for advisers. (newsletter.abnormalreturns.com)
