Quote of the Day
"Investing is a balancing act between the fear of missing out and fear of losing. Bull market optimism often makes it easy to forget losing is possible. It’s infectious. And the side effects can be costly."
(Novel Investor)
Markets
- The U.S. yield curve has only done this 4 times in the past 30 years. (sentimentrader.com)
- Remind yourself of these 12 things when markets get crazy including 'There’s nothing wrong with using a “dumb” strategy.' (awealthofcommonsense.com)
Crypto
- What you need to know about Coinbase before it goes public. (businessofbusiness.com)
- Canada's Purpose Investments Bitcoin ETF is a big hit with investors. (ft.com)
CEOs
- CEOs haven't been this confident in nearly 20 years. (axios.com)
- Pandemic aside, America's CEOs had a good 2020. (ritholtz.com)
Big Tech
- Why is Big Tech still building new office buildings? (wired.com)
- Hunter Walk, "There is no such thing as a startup inside a BigCo." (hunterwalk.medium.com)
SPACs
- Why hedge funds love SPACs so much. (ft.com)
- VCs are jumping into the SPAC game. (axios.com)
- Why so much equity trading has shifted to Amsterdam. (economist.com)
Funds
- There's really no good news for mutual funds relative to ETFs. (bloomberg.com)
- What the ARK Innovation ($ARKK) portfolio looks like from a risk factor perspective. (morningstar.com)
- Money has been flowing out of MLP-focused funds for years now. (bloombergquint.com)
Audio
- Clubhouse is gaining traction quickly. (venturebeat.com)
- Acast is buying RadioPublic’s tech. (theverge.com)
- Clubhouse and Twitter ($TWTR) Spaces explained. (wsj.com)
Housing
- More signs of strength in the housing market. (bonddad.blogspot.com)
- Millennials are driving U.S. home sales. (housingwire.com)
- Opportunistic buyers are looking to buy NYC condos in bulk, at a discount. (wsj.com)
Earlier on Abnormal Returns
- Podcast links: rethinking value. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: bigger goalies. (abnormalreturns.com)
- How are we to value equities in a post-Covid, economic boom? (abnormalreturns.com)
- The concept of compounding has a branding problem. (abnormalreturns.com)
- Why 'good defaults' matter for consumers and why financial educators should have modest expectations. (abnormalreturns.com)
- Tired of hour-long podcasts? then check out your favorite bloggers read some their recent posts on The Goldmine. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
