Quote of the Day
"It may be hard to admit - to yourself or others - that you don't know what the macro future holds, but in areas entailing great uncertainty, agnosticism is probably wiser than self-delusion."
(Howard Marks)
Chart of the Day
When you look at it this way: is there too much or not enough venture funding?
Markets
- How major asset classes performed in August 2021. (capitalspectator.com)
- August is not a historically strong month for the stock market. (lplresearch.com)
Strategy
- Why Ric Edelman, and others, think the SEC is making a big mistake by not approving a Bitcoin ETF. (financial-planning.com)
- The 22 investing maxims of John Templeton including ' The time to sell an asset is when you have found a much better bargain to replace it.' (monevator.com)
Apple
- How Apple ($AAPL) became anti-fragile. (tidbits.com)
- What is Apple's ($AAPL) identity now? (mondaynote.com)
Wall Street
- Wall Street dress codes got pretty casual in pandemic. (nytimes.com)
- Goldman Sachs ($GS) is the latest bank to raise pay for associates. (ft.com)
Venture capital
- Non-traditional investors are pouring money into startups. (wsj.com)
- What if the venture surge isn't an anomaly? (notboring.co)
Fund management
- What is holding private equity back from making their way into target-date funds? (morningstar.com)
- There's not much good evidence in favor of thematic/specialized ETFs. (evidenceinvestor.com)
Housing
- Lower mortgage payments are freeing up cash across the economy. (awealthofcommonsense.com)
- The eviction moratorium has expired. (washingtonpost.com)
- Don't forget: the housing price boom is global in nature. (ft.com)
Economy
- Why you shouldn't sweat higher inflation. (calculatedriskblog.com)
- Construction spending has slowed. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Adviser links: the most valuable currency. (abnormalreturns.com)
- August ESG links: diverse perspectives. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone read last week on Abnormal Returns. (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)
