Quote of the Day
"Perfectionism is a false hope and a place to hide."
(Seth Godin)
Chart of the Day

A visualization of how valuations have increased. (via @Jesse_Livermore)
Strategy
- There is no easy solution to low prospective returns for the 60/40 portfolio. (washingtonpost.com)
- The U.S. stock market has been on quite a run. How does it compare to the rest of the world? (awealthofcommonsense.com)
Crypto
- ProShares Bitcoin Futures ETP ($BITO) is set to launch tomorrow. (coindesk.com)
- How much demand will there be for the new futures-based Bitcoin products? (blockworks.co)
- A look at the Bitcoin bear crowd. (nymag.com)
Housing
- Home builder confidence rose in September. (calculatedriskblog.com)
- Zillow ($Z) has put its iBuying program on pause. (finance.yahoo.com)
- New purchase mortgages are taking share from refis. (wsj.com)
- What would 4% mortgage rates mean for the housing market? (calculatedrisk.substack.com)
- More workers are unable to live near their jobs in tourist spots. (fortune.com)
Economy
- Inflation is not a US-only phenomenon. (washingtonpost.com)
- You can't talk about inflation, without mentioning pent-up demand. (nytimes.com)
Earlier on Abnormal Returns
- Adviser links: the right value. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)