Quote of the Day
"Bond investors have accepted lower future performance. They will not receive what bonds have returned over the past 40 years and surely must know that."
(John Rekenthaler)
Strategy
- Newsletters are increasingly moving stocks. (diff.substack.com)
- A Q&A with Luke Burgis author of "Wanting: The Power of Mimetic Desire in Everyday Life." (mindsetvalue.substack.com)
- The downside with fractionalized collectibles. (ft.com)
Autos
- What you need to know before buying a car today. (wsj.com)
- More signs the car market is crazy at the moment. (nytimes.com)
- The market for cars is unlikely to normalize for months. (slate.com)
Entertainment
- Movie theaters have reopened, but what does it mean to be a 'movie' any more? (nytimes.com)
- Other streaming services are growing but people aren't cutting the Netflix ($NFLX) cord. (bloomberg.com)
- What does it take to get people into the movie theater? (latimes.com)
Companies
- Intel's ($INTC) ambitions have a high price tag. (wsj.com)
- A sign of the popularity of Apple ($AAPL) AirPods: fakes are on the rise. (ped30.com)
- Taiwan Semi ($TSM) says the chip shortage is easing but will persist. (wsj.com)
Finance
- Hellman & Friedman just raised a $24.4 billion PE fund. (bloomberg.com)
- The IPO market is filling up with grill makers. (bloomberg.com)
Housing
- Are housing prices too high? (theirrelevantinvestor.com)
- How the current housing market is different than the housing bubble. (awealthofcommonsense.com)
Economy
- Pallets are in short supply in the U.S. (bloomberg.com)
- How the Delta variant could affect the economy. (ritholtz.com)
- The dispersion of inflation forecasts has increased. (econbrowser.com)
- What Maine tells us about the future of the U.S. (rogerlowenstein.substack.com)
Earlier on Abnormal Returns
- Podcast links: serious investors. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: distributed workforces. (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)
