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Quote of the Day
"You might think you’re smarter than everyone else, but the market isn’t dumb. It doesn’t give away value. It’s usually more right than wrong."
(Michael Batnick)
Tesla
- Congratulations S&P 500 index holders, you now own Tesla ($TSLA)! (nytimes.com)
- The Tesla ($TSLA) story includes a legion of dedicated fans (and shareholders). (wsj.com)
Strategy
- Forecasting recessions is hard enough, let alone trying to shift your portfolio accordingly. (advisorperspectives.com)
- It's okay to simply 'stand aside' when you see a crazy thing happening in the stock market. (humbledollar.com)
Crypto
Companies
- All the big tech companies are working on custom silicon. (wsj.com)
- Companies that are able to become platforms have uniquely thrived. (sparklinecapital.com)
- A list of the so-called 'ndex companies' that are now synonymous with their industry or sector. (blog.eladgil.com)
- Disney ($DIS) shares are up some 20% amidst a global pandemic. (bloomberg.com)
Finance
- The Fed has lifted restrictions on share buybacks for some of the big banks. (ft.com)
- Some startups are now facilitating employee secondary share sales on an ongoing basis. (axios.com)
- Have SPACs reached escape velocity? (nytimes.com)
ETFs
- Now that DFA is now offering ETFs, will retail investors jump in? (money.com)
- Blackrock ($BLK) continues to re-segment its ETF offerings. (ft.com)
Substack
- How to get all your Substack newsletters in one place that isn't your email inbox. (theverge.com)
- Substack isn't for every publisher. (amediaoperator.com)
Business
- The EEOC has rules that companies can require workers get vaccinated. (nytimes.com)
- Toy sales are booming as guilty parents stock up for Christmas. (bloomberg.com)
- Many restaurants that have made this far are running out of options. (wsj.com)
- Fewer holiday parties, means less demand for packaged ice. (theguardian.com)
Global
- The UK is reimposing strict coronavirus rules. (cnn.com)
- New Zealand is donating its extra vaccine supply to neighboring nations (businessinsider.com)
- Italy's fatality rate is once again one of the highest in the world. (wsj.com)
Policy
- Robert Skidelsky, "(E)conomic policymakers need to pay much more attention to the “precautionary principle,” or the principle of “least risk of harm,” which aims to control risk rather than maximize benefits." (project-syndicate.org)
- The pandemic hit to state tax revenues has been less than forecast. (nytimes.com)
- Americans agree on more stuff than you would think. (msn.com)
- The suburbs are fare more diverse than they used to be. (fivethirtyeight.com)
- How America voted in 2020: a map. (xkcd.com)
Economy
- Looking past the current problems to a post-pandemic economy. (barrons.com)
- The key to the housing market in 2021 will be inventory. (calculatedriskblog.com)
- A succinct summary of the week's big economic events. (ritholtz.com)
- The economic schedule for the coming holiday week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- What everyone was clicking on this week on the site. (abnormalreturns.com)
- There is only one way through the pandemic tunnel. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: learning from our mistakes. (abnormalreturns.com)
- The problem with unbundled content in the age of subscription fatigue. (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)
Mixed media
- Sabbaticals are a great idea for employees and businesses alike. (msn.com)
- Zoom ($ZM) is going to be the default for many presentations, meetings and conferences even post-pandemic. (awealthofcommonsense.com)
- On the difference between a blunder and a mistake. (seths.blog)
- A key to creative thinking is not having a goal in mind. (moretothat.com)
- How to open up chunks of time on your calendar. (hunterwalk.medium.com)
