Quote of the Day
"Much like art, crypto is essentially a speculative collectable. It will never be a viable currency in the non-criminal market as long as it's so volatile."
(Allison Schrager)
Markets
- Option traders have flipped and are now buying puts. (sentimentrader.com)
- MOVE is the VIX for bonds. (economist.com)
Strategy
- Novel Investor, "Market history is filled with brief episodes where any stock price is considered reasonable." (novelinvestor.com)
- Did you know Peter Lynch wrote a bunch of articles for Worth Magazine in the 90's? (dividendgrowthinvestor.com)
- Google is opening its first retail store in New York City. (theverge.com)
- Google ($GOOGL) is rethinking RSS. (arstechnica.com)
- Google AMP is dead. (plausible.io)
Finance
- Why should a startup take Goldman Sachs' ($GS) money? (wsj.com)
- Robinhood is going to let customers invest in IPOs. (cnbc.com)
- Why it's good there is no single replacement for Libor. (economist.com)
Funds
- In defense of target-date funds. (morningstar.com)
- Some under-the-radar ETF launches you may have missed. (etf.com)
Economy
- Signs that the housing market frenzy has peaked. (bonddad.blogspot.com)
- Add steel to the list of commodities whose price is soaring. (nytimes.com)
Earlier on Abnormal Returns
- Podcast links: employee motivation. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: exponential phenomena. (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)
