Quote of the Day
“If you understand the math behind compounding you realize the most important question is not “How can I earn the highest returns?” It’s, “What are the best returns I can sustain for the longest period of time?”
(Morgan Housel)
Strategy
- You can't talk about fund performance without dealing with dead funds. (bpsandpieces.com)
- Why retail traders have a big advantage over institutions. (priceactionlab.com)
- Why we are prone to see patterns where they don't exist. (humbledollar.com)
Housing
- Mortgage rates are headed higher. (housingnewsletters.com)
- Home appraisals are not keeping up with the hot housing market. (wsj.com)
Location
- The New York City office market is breaking down among the haves and have nots. (ft.com)
- More localities are adding incentives to lure remote workers. (wsj.com)
Big Tech
- If the Big Tobacco analogy is right, Big Tech still has plenty of time. (nytimes.com)
- TikTok is the same app it was a year ago. (theatlantic.com)
Finance
- On the maturation of the venture capital industry. (tomtunguz.com)
- 2021 is going blow away the record for ETF launches. (etf.com)
Global
Policy
- Federal Reserve officials should have to put their money into blind trusts. Period. (bloomberg.com)
- The U.S. is an outlier relative to the developed world when it comes to subsidizing child care. (nytimes.com)
- Black officers are leaving police forces around the country. (theatlantic.com)
- The federal government would work better if it didn't have so many political appointees. (bloomberg.com)
- More Americans are identifying as mixed race. (washingtonpost.com)
Economy
- The economic expansion is still in its early stages. (loganmohtashami.com)
- How the Delta wave is showing up in the job numbers. (theovershoot.co)
- The message from American workers is clear - they will return to work when they are well-compensated and feel safe. (washingtonpost.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: triple protection. (abnormalreturns.com)
- Check out my appearance on 'The Long View' podcast with Christine Benz and Jeff Ptak. (abnormalreturns.com)
- October ESG links: shareholder engagement. (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)
