Quote of the Day
"When we engage in balanced financial risk-taking, we tend to have a more balanced mind frame."
(Brett Steenbarger)
Strategy
- Resisting FOMO is a challenge. (theirrelevantinvestor.com)
- It's easy to forget, but not all risk is rewarded. (compoundadvisors.com)
- It's hard to take big risks without some diversification. (avc.com)
- If you don't understand expected value, you don't understand trading. (macroops.substack.com)
- Facebook ($FB) is the AOL of 2021. (zdnet.com)
- Facebook's ($FB) most popular content is not at all original. (platformer.news)
- It's an Instagram world, we all just live in it. (indystar.com)
- The most effective way to stop Facebook ($FB) and Instagram from tracking you. (washingtonpost.com)
Audio
- Bill Ackman's Pershing Square Holding is buying another stake in Universal Music Group. (variety.com)
- Amazon ($AMZN) wants to get into the live audio space. (axios.com)
- Apple ($AAPL) is building out an service for classical music. (engadget.com)
IPOs
- Sustainable shoe maker Allbirds has filed for an IPO. (nytimes.com)
- Warby Parker's S-1 is pristine. (bloomberg.com)
China
- China is taking a hard look at VC and PE funds. (axios.com)
- China wants to cut back how much time kids play video games. (theguardian.com)
- Why investing in China is a crap shoot these days. (etf.com)
Economy
- The June Case-Shiller report showed a 16.8% increase in home prices. (calculatedriskblog.com)
- The U.S. economy is still nowhere near normal. (nytimes.com)
- Great Iacurci, "Millions of people are poised to lose their unemployment benefits this weekend, when federal pandemic-era policies will end." (cnbc.com)
Earlier on Abnormal Returns
- Research links: freaked out investors. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: hiring outsiders. (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)
