Quote of the Day
"The trick when forecasting is realizing that’s what you’re doing."
(Morgan Housel)
Markets
- Why gold was such a disappointment in the past year. (ritholtz.com)
- Seemingly impossible things happen in markets all the time. (compoundadvisors.com)
Strategy
- If you started investing in 2010 you will view the world very differently. (awealthofcommonsense.com)
- Modern financial history begins in 1998. (diff.substack.com)
- 'Dow 36,000' was wrong for nearly everyone. (pragcap.com)
Crypto
- Big crypto fans are borrowing against their holdings. (wsj.com)
- Why forcing crypto into ETFs doesn't make much sense. (coindesk.com)
- The problem with futures-based Bitcoin ETPs. (barrons.com)
Apple-Epic
- Who won the Apple ($AAPL)-Epic legal showdown? (nytimes.com)
- It depends on how you define success. (500ish.com)
- This battle isn't over just yet. (macstories.net)
Companies
- UPS ($UPS) is getting into same-day delivery with a deal to buy Roadie Inc. (wsj.com)
- Luxury brands are following their customers to where they are now. (washingtonpost.com)
Venture capital
- How the venture business has changed over the past decade. (bothsidesofthetable.com)
- SVB Financial ($SVB) doesn't trade like other banks. (barrons.com)
Finance
- Another iBuyer, Orchard, now has unicorn status. (housingwire.com)
- SOFR looks to be the winner with the phase out of Libor. (wsj.com)
Policy
- Do we really want Fed Presidents buying and selling stocks in their personal accounts? (wsj.com)
- U.S. cities are increasingly under siege from ransomware attacks. (washingtonpost.com)
- After a multi-year pause, some 500,000 borrowers had their student loans erased this year. (nytimes.com)
- The pandemic proved we can end hunger in America, it just takes money and effort. (politico.com)
- Americans are organizing to support Afghan refugees. (nytimes.com)
Economy
- How much infrastructure can get done if the U.S. is short workers? (nytimes.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: what success looks like. (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)