Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at why billionaires don’t pay much tax on an annual basis.
Quote of the Day
"The two things that kill a company during a bubble are excessive optimism, and the unwillingness to be sufficiently optimistic"(Byrne Hobart)
Chart of the Day
It’s hard to overstate how badly AT&T bungled its acquisition strategy.