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Quote of the Day
"It’s not until you consider the time factor of compounding that you realize maximizing annual returns in a given year and maximizing long-term wealth are two different things."
(Morgan Housel)
Markets
Strategy
- Another year, another bad year for market forecasters. (mathinvestor.org)
- How to poke holes in market forecasts. (mrzepczynski.blogspot.com)
Crypto
- Why are investors paying eye-popping premia for these crypto funds? (finance.yahoo.com)
- Why isn't Bitcoin already trading for $1,000,000? (mylesudland.substack.com)
Big Tech
- Anti-trust regulators are relying on former insiders to help make a case against Big Tech. (nytimes.com)
- Today's anti-trust regulations are no match for Big Tech. (mondaynote.com)
Companies
- 95 Apple ($AAPL) Stores have been closed in the last week due to local Covid conditions. (9to5mac.com)
- While awaiting a vaccine, some companies are stepping up their (rapid) testing efforts. (wsj.com)
Finance
- Peter Rudegair, "The Fed’s tools were less effective in ensuring credit flowed to small businesses." (wsj.com)
- Short-sellers are hunting amidst completed SPAC deals for opportunities. (institutionalinvestor.com)
Europe
- There are still a lot of unknowns about the coronavirus variant identified in the UK. (sciencemag.org)
- Many countries have banned travelers from the UK. (bbc.com)
- Unlike the rest of Europe, Switzerland has chosen not to close its ski resorts. (wsj.com)
Economy
- Details on what the stimulus deal means for you. (nytimes.com)
- The new stimulus deal makes a double-dip recession 'highly unlikely.' (blogs.uoregon.edu)
- Seven high frequency economic indicators. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Adviser links: pro bono services. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everybody was clicking on last week on Abnormal Returns. (abnormalreturns.com)
- There is only one way through the pandemic tunnel. (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)