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Quote of the Day
"Today’s social networks, Facebook chief among them, were built to encourage the things that make them so harmful. It is in their very architecture."
(Adrienne LaFrance)
Markets
- The Russell 2000 has nearly doubled from its Spring low. (sentimentrader.com)
- The echoes to the Dotcom IPO boom are pretty loud. (ft.com)
Strategy
- Bubbles are hard to navigate because no one knows how long they will last. (awealthofcommonsense.com)
- Don't let a single variable drive your investment strategy. (ritholtz.com)
- Speculation is best done in small bites. (theirrelevantinvestor.com)
- Why it's important to remember your investment mistakes. (klementoninvesting.substack.com)
Crypto
- Bitcoin prices can differ across platforms. (wsj.com)
- Backdoors are opening up for Bitcoin investors. (etf.com)
Apple
- The new Apple ($AAPL) Fitness+ service is for Watch owners only. (daringfireball.net)
- The Series 6 Apple ($AAPL) Watch may be Apple's best device. (500ish.com)
- The Apple ($AAPL) MacBook Pro M1 is 'pro' just yet. (engadget.com)
- Facebook ($FB) is a big ad engine and everything at the company is in service of it. (buzzfeednews.com)
- Facebook ($FB) is hard to love but impossible to ignore. (notboring.substack.com)
- How would a standalone WhatsApp make money? (ft.com)
Finance
- Would eliminating lockups help alleviate the problem of first-day IPO pops? (finance.yahoo.com)
- A new, faster fiber optic cable is the toast of HFT outfits. (wsj.com)
- The pandemic is weaning bank customers off in-person transactions. (ft.com)
Fund management
- Is direct indexing a threat to ETFs? (thereformedbroker.com)
- Falling fees is one reason you should expect to see more asset manager M&A in 2021. (msn.com)
- Funds investors were surprisingly calm in 2020. (morningstar.com)
- Phrases to use to sound like an institutional investor. (institutionalinvestor.com)
Pandemic
- FDA shows the Moderna ($MRNA) coronavirus vaccine is effective and prevents severe cases of Covid-19. (statnews.com)
- True at-home Covid tests are not likely to arrive before the end of the pandemic. (wsj.com)
Global
- Delivery workers in South Korea are overworked. (nytimes.com)
- Israeli tourists are flocking to Dubai. (washingtonpost.com)
Books
- 22 books that will make you a better investor including "The Success Equation: Untangling Skill And Luck in Business, Sports, and Investing" by Michael Mauboussin. (axios.com)
- Some money books to give as Christmas gifts including "The Psychology of Money" by Morgan Housel. (monevator.com)
- William Bernstein reviews "Seeking Virtue in Finance: Contributing to Society in a Conflicted Industry" by J.C. de Swaan. (blogs.cfainstitute.org)
Earlier on Abnormal Returns
- Research links: multi-factor time frames. (abnormalreturns.com)
- The problem with unbundled content in the age of subscription fatigue. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: serving future generations. (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)
