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Quote of the Day
"In some ways, the fact that Amazon, Apple, Facebook and Google had such a remarkably successful year may prove to be a liability. Governments can clearly see the extent of each company’s market dominance after such impressive financial showings..."
(Tae Kim)
Markets
- Has QE changed the fundamental nature of the markets? (priceactionlab.com)
- Everybody loves to trade, even wine collectors. (ft.com)
Nomad
- A link to the Nomad Investment Partnership letters to partners from 2001-2013. (ft.com)
- Lessons learned from the Nicholas Sleep authored letters including 'the biggest error an investor can make.' (mastersinvest.com)
Crypto
Real estate
- Average (and below) office space in New York City is ripe for redevelopment. (nytimes.com)
- Not all cities are experiencing a decline in office rents. (qz.com)
Finance
- Owl Rock Capital Group and Neuberger Berman Group's Dyal Capital Partners are merging with a SPAC. (pionline.com)
- Why so many Wall Street firms are exploring options in South Florida. (reuters.com)
Funds
- Ben Carlson, "Investors don’t have a great track record when it comes to chasing the hottest fund of the day." (awealthofcommonsense.com)
- 2020 had a dramatic effect on the relative returns of these funds. (morningstar.com)
China
- Beijing is pushing back against the Internet giants including Alibaba ($BABA). (nytimes.com)
- Why the Communist Party has turned on Jack Ma. (nytimes.com)
Economy
- Some indications the economy is stalling going into year-end. (econbrowser.com)
- The pandemic destroyed any attempt at economic forecasts in 2020. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: focusing your time and attention. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: spending money vs. time. (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)
MIxed media
- Can what we learned about vaccine development in 2020 be applied to other fields? (avc.com)
- Some promising signs of scientific progress in 2020. (msn.com)
- Mackenzie Scott is not messing around when it comes to donating her fortune. (nytimes.com)
- 20 things that made the world a better place in 2020. (wired.co.uk)
