Quote of the Day
“The answer is that there is no, and can be no safe, dependable way to make a high return in a low-return world. It’s too good to be true.”
(Howard Marks)
Strategy
- Ten questions people asking during bull markets. (theirrelevantinvestor.com)
- Why some investors like to avoid hot stocks. (mindsetvalue.substack.com)
Crypto
- Elon Musk pulled the plug on Bitcoin payments at Tesla ($TSLA). (coindesk.com)
- Don't hold your breath waiting for a Bitcoin ETF. (barrons.com)
- Less crypto mining will free up chips for other uses. (bnnbloomberg.ca)
Finance
- Banks are trying to figure out how to extend credit to people without credit scores. (wsj.com)
- PayPal ($PYPL) has agreed to buy Happy Returns to help customers facilitate returns. (cnbc.com)
- Despite some big misses, hello Greensill, Softbank has had some big hits as well. (bloomberg.com)
Fund management
- How prompts, i.e. nudges, can help portfolio managers perform better. (institutionalinvestor.com)
- The current rally has been accompanied by a surge in the number of thematic ETFs. (axios.com)
Work
- Some employers aren't happy that workers are demanding more pay, post-pandemic. (nytimes.com)
- McDonald's ($MCD) is raising starting pay for workers. (finance.yahoo.com)
- Amazon's ($AMZN) hiring spree is not over. (wsj.com)
- Some technical reasons why employment statistics are likely skewed right now. (econbrowser.com)
Inflation
- The CPI numbers were driven, in part, by some quirks. (barrons.com)
- Why you need to look beyond the headline numbers. (theirrelevantinvestor.com)
- How long will 'transitory' inflation stick around? (capitalspectator.com)
- The inflation debate is in large part about politics. (ritholtz.com)
Housing
- Americans are still taking out mortgages on second homes. (housingwire.com)
- 30-year mortgage rates are holding below 3.0%. (housingwire.com)
Earlier on Abnormal Returns
- Longform links: retweeting misinformation. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: tenacity and awareness. (abnormalreturns.com)
- David Swensen leaves a powerful legacy. (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)
