Quote of the Day
"Cryptocurrencies have become increasingly common and familiar, and the decision to buy one rather than another looks increasingly arbitrary."
(James Surowiecki)
Strategy
- We are beset with behavioral errors. (evidenceinvestor.com)
- The world is full of noise. Good investors find a way to turn down the volume. (wsj.com)
- Speculative manias are a mainstay of markets. What changes are the instruments. (investoramnesia.com)
Crypto
- Is Bitcoin becoming the tail that wags the stock market dog? (ft.com)
- You can't talk about Bitcoin without mentioning Elon Musk. (wsj.com)
- Mothballed power plants are getting repurposed to fuel Bitcoin mining. (wsj.com)
Fund management
- Despite having outperformed YTD the publicly traded asset managers are facing secular headwinds. (ft.com)
- Why aren't more fund companies converting mutual funds to ETFs? (wealthmanagement.com)
- Small ETF issuers need to find a nice to survive and thrive. (etf.com)
Policy
- The minimum wage debate is moot as many companies raise starting rates to $15/hour. (bloomberg.com)
- Most rural areas won't get broadband without government help. (nytimes.com)
- Build America Bonds could be making a comeback. (bloomberg.com)
- Why is the tax code so complex? Because we like it that way. (fortune.com)
- Parking requirements are holding back the provision of affordable housing. (theatlantic.com)
- America needs more Americans. (nytimes.com)
Economy
- A succinct summary of the week's big economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- What everyone was reading this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: becoming endemic. (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)
