Quote of the Day
"A successful person purposely leaving gaps of free time on their schedule to do nothing in particular can feel inefficient. And it is, so not many people do it."
(Morgan Housel)
Strategy
- Over-optimism is a problem for investors. (wsj.com)
- Why meme stock managements are not turning dross into gold. (albertbridgecapital.com)
- A timely example of how 'alpha erosion' plays out in real life. (thewaiterspad.com)
Money rules
- Some crowdsourced money ideas including 'Money decisions are also time decisions.' (ritholtz.com)
- Nine things standing in the way of financial success. (humbledollar.com)
Companies
- Crazy timing - just a few days after its IPO regulators order Didi ($DIDI) off app store. (bloomberg.com)
- A chunk of Uber's ($UBER) value is now in stakes in other companies. (axios.com)
Finance
- Why Palantir ($PLTR) is investing in SPAC PIPEs. (barrons.com)
- How prepared is the financial system for a big hack? (nytimes.com)
Australia
- The Delta variant is making Australia's pursuit of 'zero Covid' more difficult. (nytimes.com)
- Thousands of Australians are still stranded overseas. (npr.org)
Policy
- The federal government has failed when it comes to funding infrastructure. (ritholtz.com)
- Why are infrastructure building costs so high in the U.S.? (vox.com)
- The IRS is completely in the weeds. (washingtonpost.com)
- Senators representing 20% of the population can effectively stop legislation through the filibuster. (surowiecki.medium.com)
- There is bi-partisan support to keep telehealth as a part of Medicare. (politico.com)
Economy
- Nobody really knows where inflation is headed. (nytimes.com)
- How big an economic impact will the Delta variant have? (econbrowser.com)
- The economic schedule for the holiday-shortened week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: unpopular mandates. (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)
