Quote of the Day
"The problem is our brains were not built for the Internet. We’re not hardwired to deal with the constant stream of thoughts, opinions, pictures and news stories. Weird things are going to happen because of it."
(Ben Carlson)
Retail trading
- Meme stocks, like GameStop ($GME), are not fading away. (wsj.com)
- The memestock era is disorienting for anyone with classic finance training. (vox.com)
- Everything wrong with the “Money Printer Go Brrrr” meme. (pragcap.com)
Strategy
- Investing today is about preparing for future weirdness. (thereformedbroker.com)
- How a trader's mindset can set you astray when investing for the long run. (moontowermeta.com)
- Your investment process is yours and yours alone. (safalniveshak.com)
Crypto
- Roger Lowenstein, "Bitcoin is a speculation with no intrinsic value, other than the value of secrecy that is of interest chiefly to drug lords." (rogerlowenstein.substack.com)
- Where the prospects for a Bitcoin ETF stand today with the SEC. (morningstar.com)
- Will the new $10,000 reporting threshold do anything? (bloomberg.com)
Big Oil
- Big Oil will have to reckon with climate change sooner than it wants to. (ft.com)
- Big Oil is under pressure wherever you look. (wsj.com)
- It's hard to see how this trend reverses itself. (arstechnica.com)
SPACs
- WeWork has settled with its former CEO to pave the way for its SPAC deal. (wsj.com)
- Chamath has some thoughts on SPACs. (bloomberg.com)
- Investing app company Acorns is going public via a SPAC. (markets.businessinsider.com)
Finance
Housing
- A lot of houses are selling before ever hitting the market. (wsj.com)
- Mortgage rates are not heading higher. (housingwire.com)
- Moving companies are backlogged. (wsj.com)
- How the pandemic affected the mortgage market. (papers.ssrn.com)
Economy
- Weekly initial unemployment claims are at the lowest level since the pandemic began. (calculatedriskblog.com)
- Inflation expectations are the 'trickiest part of the equation.' (economist.com)
- But the economic environment is very different today. (bloomberg.com)
- Immigrants are bypassing the big hubs for locations in the interior. (bloomberg.com)
Earlier on Abnormal Returns
- Longform links: creating the cloud. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: what money can't buy. (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)
Mixed media
- Richard Thompson Ford, "A blurred line between work and leisure hasn't made made work any more fun. It’s let work eat into our free time." (marker.medium.com)
- Five insights from "World Without Email: Reimagining Work in an Age of Communication Overload" by Cal Newport. (nextbigideaclub.com)
- Workers may want to return to the office, but they don't want to return to a commute. (ft.com)
- Video isn't appropriate for every meeting. (wsj.com)
