Quote of the Day
“One of the most important things as investors is you can’t get swept up in today’s noise.”
(Jack Brennan)
April 2021
- Every major asset class was higher in April 2021. (capitalspectator.com)
- The stock market is up 10 of the past 13 months. (crossingwallstreet.com)
- Bond returns had a reprieve in April. (humbledollar.com)
Markets
- Why didn't the stock market tank on the prospects of a capital gains tax hike? (nytimes.com)
- Americans equity holdings have never been higher as a percentage of assets. (wsj.com)
- The commodity market rally is broad-based. (ft.com)
Strategy
- Why the stock market is in a 'rational bubble.' (awealthofcommonsense.com)
- A lot of market bubbles come about when a new technology emerges. (evidenceinvestor.com)
Crypto
- Does it matter than Charlie Munger hates Bitcoin? (theirrelevantinvestor.com)
- Ethereum has outgained Bitcoin YTD. (finance.yahoo.com)
Berkshire Hathaway
- Greg Abel would takeover Berkshire Hathaway ($BRK.A) when Buffett leaves. (barrons.com)
- Three insights from the Berkshire Hathaway ($BRK.A) annual shareholders meeting. (behavioralvalueinvestor.com)
Companies
- U.S. companies are crushing Q1 earnings expectations. (wsj.com)
- The Verizon ($VZ) sale of Yahoo/AOL/etc. is a done deal. (axios.com)
- It costs Facebook ($FB) shareholders tens of millions of dollars to 'protect' Mark Zuckerberg and Sheryl Sandberg. (bloomberg.com)
Funds
Lumber
Housing
- Condos got hit really hard in pandemic. (marketwatch.com)
- The pool chemical shortage is real. (fatherly.com)
Service jobs
- The services industry may have permanently lost workers in pandemic. (citizen-times.com)
- The service worker shortage is global in nature. (nytimes.com)
Global
- Fidelity has slashed its valuation for Ant Group. (wsj.com)
- When you scratch the surface Australia's superannuation system doesn't look at impressive as it does from the outside. (evidenceinvestor.com)
- UK financial advisors are not big fans of ETFs. (ft.com)
Economy
- The chip shortage is ongoing. (bloomberg.com)
- The global economy's gears are still gummed up. (nytimes.com)
- Just how transitory are some of these mismatches? (wsj.com)
Earlier on Abnormal Returns
- Adviser links: increasing your value. (abnormalreturns.com)
- May ESG links: measuring impact. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone was clicking on last week on the site. (abnormalreturns.com)
- The future is promised to no company. (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)
Mixed media
- Professional women are using the pandemic as an opportunity to reset their careers. (theatlantic.com)
- There's more to a reluctance to return to the office than just Covid. (ft.com)
- In the age of remote work, employees decide if a company has good culture. (warzel.substack.com)
- If companies don't spend money on offices, will it go to employees? (tomtunguz.com)
