Quote of the Day
"There are three types of investors: those who know nothing, those who know some things, and those who know everything."
(Michael Batnick)
Strategy
- Adding riskier bonds doesn't fix the 60/40 portfolio. (morningstar.com)
- Lessons from the 2021 Berkshire Hathaway ($BRK.A) shareholder meeting including 'It’s hard for companies to stay on top.' (novelinvestor.com)
SPACs
- Why Grab going public via SPAC is a big deal. (wsj.com)
- Why who is on a SPAC's board matters. (nytimes.com)
Funds
- Retail ARK Invest investors are a dedicated bunch. (theirrelevantinvestor.com)
- Mutual fund AUM continues to flow into lower cost funds. (riaintel.com)
Canada
- Higher Covid case counts are putting pressure on the Canadian economy. (bnnbloomberg.ca)
- Canada's vaccine roll-out has been plagued with problems and confusion. (bnnbloomberg.ca)
- Vancouver, BC is a hot bed for anti-Asian hate crimes. (bloomberg.com)
Restaurants
- Worker shortages are going to spur more restaurant automation. (news.crunchbase.com)
- What restaurants are doing to re-launch including smaller menus. (wsj.com)
- The pandemic destroyed the hold that the restaurant industry held on many workers. (theflashpoint.substack.com)
- Restaurant workers aren't returning because they have lost trust in management (and customers). (eater.com)
Economy
- Bill McBride, "There are still 8.2 million fewer jobs than in February 2020, and 3.5 million people have lost jobs permanently." (calculatedriskblog.com)
- There are a lot of head-scratchers in the disappointing April NFP report. (bonddad.blogspot.com)
- Big NFP misses are not that unusual. (ritholtz.com)
- We really don't know what the true nature of the labor economy will be post-pandemic. (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: the science of change. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: relaxing its grip. (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)
