Quote of the Day
“Virtually all investing mistakes are rooted in people looking at long-term market returns and saying, “That’s nice, but can I have it all faster?”
(Morgan Housel)
Markets
- Today's stock market is dominated by a new class of high-profile promoters. (wsj.com)
- How market valuations serve as a Rorschach test for investors. (humbledollar.com)
- Four signs that you are in the midst of a market bubble. (humbledollar.com)
Companies
- The pandemic has only strengthened the advertising triopoly of Google ($GOOGL), Facebook ($FB) and Amazon ($AMZN). (wsj.com)
- Fedex ($FDX) just reportedly blowout pandemic earnings. (axios.com)
Finance
- How Blackstone Group ($BX) came to embrace growth. (wsj.com)
- Napa Valley wine producer Duckhorn Portfolio ($NAPA) is now publicly traded. (marketwatch.com)
Funds
Work
- The pandemic exposed a lot of problems including our relationship to work. (vox.com)
- The vast majority of Americans have not returned to the office and won't until widespread vaccination. (axios.com)
- More effective unemployment benefits make for less food insecurity. (theincidentaleconomist.com)
- Why workers should get a bonus for not going into work sick. (marginalrevolution.com)
Voting
- Misinformation about the 2020 election was according to researchers decidedly one-sided. (theatlantic.com)
- There's no evidence that easier voting makes for additional fraud. (theconversation.com)
- It's not clear that restricting voting rights hurts one party vs. another. (theatlantic.com)
Retirement savings
- Like most things in America, wealthy Americans are much better served by retirement saving options. (morningstar.com)
- Why the U.S. should require auto-enrollment in retirement savings plans. (marketwatch.com)
Housing
- The lumber shortage is not getting better any time soon. (fortune.com)
- There is no shortage of lender willing to lend to house flippers. (bloomberg.com)
- iBuyers are expanding across the country. (housingwire.com)
- Are 3%+ mortgage rates slowing the refinancing boom? (housingwire.com)
- Why you shouldn't sweat the rise in cash-out refinancings. (bloomberg.com)
Economy
- Why it's hard to be bearish on the economy right now. (awealthofcommonsense.com)
- Why do households overestimate inflation? (econbrowser.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
- A succinct summary of the week's economic events. (ritholtz.com)
Earlier on Abnormal Returns
- What everyone was clicking on this week. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: not enough tests. (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)
