Quote of the Day
"People’s desire to get rich far exceeds the number of easy and obvious opportunities."
(Morgan Housel)
Chart of the Day
Physical world stocks are outperforming digital stocks.
Markets
- Another measure of how strong the stock market was in April. (sentimentrader.com)
- Putting the rise in commodity prices into perspective. (priceactionlab.com)
Strategy
- Ten things investors really shouldn't care about including 'Financial advice from billionaires.' (awealthofcommonsense.com)
- What to do instead of trying to time the stock market. (blog.validea.com)
- Active management exists in part due to investors' unwillingness to look at base rates. (behaviouralinvestment.com)
- Notes from Arthur Crump's 1874 book "The Theory of Stock Exchange Speculation." (novelinvestor.com)
Finance
- Why private equity is losing its mystique (economist.com)
- Fidelity now has 83.4 million total accounts and $10.4 trillion assets under administration. (cnbc.com)
- Does Bitcoin belong in a bank/financial mutual fund? (bloomberg.com)
Economy
- Whenever the Fed starts talking about tapering the stock market will freak out. (thereformedbroker.com)
- Weekly initial unemployment claims are levels not seen since March 2020. (bonddad.blogspot.com)
- Need employees? Raise wages. (ritholtz.com)
Earlier on Abnormal Returns
- Longform links: relaxing its grip. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: taking outsized risks. (abnormalreturns.com)
- Adapting to a world bent on falsifying the past. (abnormalreturns.com)
- May ESG links: measuring impact. (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
- Lessons learned from "No Rules Rules" by Reed Hastings and Erin Meyer including treating employees like adults. (okdork.com)
- Why so many workers are looking for a new gig, post-pandemic. (hunterwalk.medium.com)
- How to deal with burnout at work including 'lightening your load.' (nytimes.com)
- As work changes, so will workplace perks. (ft.com)
