Quote of the Day
"In investing, saying “I will be greedy when others are fearful” is easier said than done, because people underestimate how much their views and goals can change when markets break."
(Morgan Housel)
Chart of the Day
This economic downturn is very different than the prior two.
Strategy
- What to do with your portfolio when every asset looks expensive. (morningstar.com)
- Vitaliy Katsenelson, "Life is definitely too short to own companies run by bad management." (getrevue.co)
Autos
- A deep dive into Rivian and why you might want to root for the company. (notboring.co)
- The stock market is favoring auto companies that are aggressively shifting into EVs. (bloomberg.com)
- Why cars are becoming more like subscription services. (wsj.com)
Companies
- UPS' ($UPS) unionized workforce is giving it a leg up on FedEx ($FDX). (bloomberg.com)
- Berkshire Hathaway ($BRK.A) keeps buying back shares. (wsj.com)
Finance
- Softbank has attracted activist investors. (ft.com)
- Goldman Sachs ($GS) is bleeding analysts but there are plenty ready to sign up. (nymag.com)
- JP Morgan ($JPM) is upping its robo-advisor game. (riabiz.com)
Funds
- Four things you need to understand about fund fees. (bpsandpieces.com)
- What the best index funds have in common. (morningstar.com)
Jobs
- The October NFP showed across the board strength in the labor economy. (bonddad.blogspot.com)
- The economy is still early in its expansion. (loganmohtashami.com)
- The remote work experiment is just getting started. (bloomberg.com)
- Job quitters are getting raises. (ritholtz.com)
Earlier on Abnormal Returns
- Podcast links: supply chain economics. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: important information. (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)
Mixed media
- An excerpt from Robin Wigglesworth's "Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever." (ft.com)
- A nice review of "The Caesars Palace Coup: How a Billionaire Brawl Over the Famous Casino Exposed the Power and Greed of Wall Street" by Max Frumes and Sujeet Indap. (blogs.cfainstitute.org)
- A Q&A with Alexander Ineichen author of “Applied Wisdom: 700 Witticisms to Save Your Assets.” (thinkadvisor.com)
