Quote of the Day
"Money buys happiness in the same way drugs bring pleasure: Incredible if done right, dangerous if used to mask a weakness, and disastrous when no amount is enough."
(Morgan Housel)
Markets
- 2021 hasn't seen much volatility, but it's no 2017. (priceactionlab.com)
- The trend toward cheap diversification has played out. What comes next? (ofdollarsanddata.com)
International
- Four arguments for overweighting international stocks. (humbledollar.com)
- Just how cheap are European stocks relative to the U.S.? (albertbridgecapital.com)
Crypto
Finance
- A Q&A with the co-founders of startup investing site Public. (protocol.com)
- Return to the office, or not, investment banks are going to be challenged recruiting. (bloomberg.com)
- Foreign VCs are learning some hard lessons in India. (economist.com)
- The sell-side keeps shrinking. (axios.com)
Streaming
- How Netflix ($NFLX) is different from its competitors. (thestreamable.com)
- There is a downside to running new releases on streaming services. (theatlantic.com)
- Netflix's ($NFLX) 'Drive to Survive' has driven a surge of interest in Formula 1. (nytimes.com)
- How your Netflix habit is changing contemporary fiction. (theatlantic.com)
Housing
- Some signs that the housing market has cooled. (theirrelevantinvestor.com)
- Low interest rates are not enough to create a housing bubble. (awealthofcommonsense.com)
- FYI, the Hamptons real estate market is still red hot. (bloomberg.com)
Hong Kong
- Chinese tech companies are redirecting their IPOs to Hong Kong. (ft.com)
- Hong Kong may remain a global financial center but will will be increasingly staffed by mainlanders. (axios.com)
Exonomy
- Weekly initial unemployment claims ticked higher last week. (calculatedriskblog.com)
- Businesses are showing more desperation for workers. (axios.com)
- Why everyone overestimates the power of the Fed. (pragcap.com)
Earlier on Abnormal Returns
- Longform links: sticky knowledge. (abnormalreturns.com)
- What you missed in Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: conditional thinking. (abnormalreturns.com)
- The whole world is turning Japanese, demographically speaking. (abnormalreturns.com)
- Don't throw away other people's hard-earned money lessons. (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)
