Quote of the Day
"Diversifying your portfolio not only helps you manage investment risk, but also manage yourself/selves. You reduce the chances of making bad decisions."
(Jacob Schroeder)
Chart of the Day

The S&P 500 has been above its 200 day moving average for a very long time now.
Markets
- Why you should take the '100% rally' headlines with a big grain of salt. (ritholtz.com)
- After a pandemic pause, share buybacks are surging. (wsj.com)
Strategy
- Josh Brown, "Basically I talk to people who recognize that they can never learn enough, no matter what stage of the game they’re at, and who are willing to have their minds changed as new information presents itself." (thereformedbroker.com)
- John Garrett, "One recurring trait of the great investors is their dedication to continuous learning." (mastersinvest.com)
NFTs
- Narrative building is a super power: the case of NFTs. (notboring.co)
- How fractional ownership of NFTs changes things. (avc.com)
- Why NFTs are a blast. (justinpaterno.com)
Companies
- Every social app is now a shopping app. (retaildive.com)
- Another company, T-Mobile ($), has experienced a big data breach. (cnn.com)
Fund management
- On the downside of thematic ETFs. (morningstar.com)
- PE firms are increasingly pushing private credit funds to retail investors. (bloomberg.com)
Media
- J2 Global ($JCOM) is changing its name back to Ziff Davis. (wsj.com)
- How Red Ventures became the largest publisher you have never heard of. (nytimes.com)
- BuzzFeed's path to the public markets has been rocky. (wsj.com)
Economy
- Housing starts have had a good 2021. (calculatedriskblog.com)
- But keep an eye on falling housing permits as a red flag for the economy. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Personal finance links: speed bumps and obstacles. (abnormalreturns.com)
- My post on gold over at the YCharts blog. (get.ycharts.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: hidden risks. (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)