Quote of the Day
"Compounding is fueled by endurance, so sitting through market insanity is not a defect; it’s accepting an optimal level of hassle."
(Morgan Housel)
Chart of the Day
The Citibank Economic Surprise Index for the U.S. has turned negative for the first time in nearly a year.
Strategy
- How much attention should investors pay to current shortages? (alephblog.com)
- Some wise words on investing from Lou Simpson. (novelinvestor.com)
Crypto
- How a Bitcoin investment almost turned into a trade. (theirrelevantinvestor.com)
- Ethereum has greatly outperformed Bitcoin, YTD. (bloomberg.com)
- The case against Bitcoin. (bariweiss.substack.com)
- Would ransomware happen without access to cryptocurrencies? (wsj.com)
IPOs
- Oatly ($OTLY) is now public. (wsj.com)
- Squarespace's ($SQSP) has conducted a direct listing. (news.crunchbase.com)
Ford F-150 Lightning
- Mark Phelan, "The F-150 Lightning heralds EV technology’s entry to the heart of the U.S. vehicle market." (freep.com)
- Why an electric Ford ($F) F-150 is a big deal. (nytimes.com)
- The Ford ($F) F-150 seems like a 'strange, almost cosmic course correction.' (theverge.com)
- Consumers are not necessarily the target market for the electric F-150. (theatlantic.com)
- The new F-150 is expected to go into production in early 2022. (wsj.com)
New Apple iMacs
- John Gruber, "The 24-inch iMacs look new." (daringfireball.net)
- An in-depth review of the new Apple ($AAPL) iMac. (wsj.com)
- The new Apple ($AAPL) iMac is great, but expensive. (theverge.com)
Housing
- Modular construction would help America building more reasonably priced homes. (wsj.com)
- National median home prices reached $370,528 in April 2021. (housingwire.com)
- Bidding wars are now commonplace. (npr.org)
Economy
- Weekly initial unemployment claims are at their lowest level since March 2020. (calculatedriskblog.com)
- How do rising housing prices get reflected in the CPI? (barrons.com)
- We throw around the term 'inflation' all the time, but there are distinct kinds of inflation to think about. (nytimes.com)
- Restaurant traffic is rebounding. (washingtonpost.com)
Earlier on Abnormal Returns
- Longform links: exponential phenomena. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a stark reminder. (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)
