Quote of the Day
"It’s not that the field or the favorite is better, but which is cheaper relative to the expected returns...Successful betting and investing isn’t about finding the best, but finding the best odds."
(Mike Dariano)
Strategy
- Nine questions you should ask about a bull market including 'What is my plan for the next downturn?' (awealthofcommonsense.com)
- You can't earn capital market returns without some risk. (compoundadvisors.com)
- Are stock valuations now permanently higher? (bloomberg.com)
Delta variant
- The Delta variant highlights the long term risk to commercial property owners. (ft.com)
- The Delta variant could help put more restaurants out of business. (washingtonpost.com)
- Movie and television productions are in flux with the rise in Delta cases. (wsj.com)
Retail
- Retail stores are increasingly viewed as 'micro-fulfillment centers.' (axios.com)
- Walmart ($WMT) is expanding its program to pay for college for associates. (washingtonpost.com)
- In a number of cities front-line workers are earning mandated hazard pay. (politico.com)
- 1 out of every 153 workers in the U.S. now work for Amazon ($AMZN). (businessinsider.com)
Housing
- Why most everyone got the housing market wrong over the past year. (ritholtz.com)
- A first-hand account of just how difficult is to buy a house these days. (getrichslowly.org)
Economy
- On the state of the economic recovery. (econbrowser.com)
- It's hard to come up with good things from a shrinking U.S. population. (bloomberg.com)
- Aid programs caused the biggest drop in poverty rates in history. (nytimes.com)
Earlier on Abnormal Returns
- Podcast links: portfolio construction. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: the time tax. (abnormalreturns.com)
- Investing, everywhere and always, has always been a social activity. (abnormalreturns.com)
- Two charts with lines going down: updates on prior posts. (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)
