Quote of the Day
"Almost all investors eventually fall into the trap of comparing the way things are today with the way things used to be without acknowledging that the present looks nothing like the past."
(Michael Batnick)
Markets
- Small options traders are back at it. (sentimentrader.com)
- Why interest rates may matter more for the stock market than economy this time around. (awealthofcommonsense.com)
Strategy
- Sometimes the only way to understand meme stocks or crypto is through technical analysis. (stockcharts.com)
- Why "I don't know" is almost always the right answer. (allstarcharts.com)
Crypto
- On the tax consequences of playing NFT-powered games. (protocol.com)
- Bitcoin has hung around long enough it now seems 'too big to fail.' (institutionalinvestor.com)
Zillow
- Three reasons why Zillow's ($Z) iBuying model blew up. (awealthofcommonsense.com)
- Ballpark estimates on how much Zillow ($Z) was losing per house. (calculatedrisk.substack.com)
Nextdoor
- Nextdoor ($KIND) is now public. (wsj.com)
- Patrick O'Shaughnessy talks with Nextdoor ($KIND) CEO Sarah Friar. (joincolossus.com)
Uber
- The ride sharing business has not normalized yet. (wsj.com)
- When, and if, can Uber ($UBER) become profitable? (motherjones.com)
Travel
- The travel industry is bouncing back, albeit unevenly. (ft.com)
- Airlines are once again scrambling for pilots. (wsj.com)
- What airlines are doing to keep their frequent flier programs relevant. (nytimes.com)
Global
- Softbank is promising to buy back shares. (ft.com)
- Brexit isn't, by any means, done. (newstatesman.com)
- Estonia is taking advantage of Brexit. (nytimes.com)
- New Zealand it trying to cool the housing market without taking the economy. (wsj.com)
Economy
- Policy makers are navigating a situation they have never really faced before. (wsj.com)
- It's going to cost more to heat homes this Winter. (nytimes.com)
- State pension plans are flush but are having a hard time putting new money to work. (wsj.com)
Earlier on Abnormal Returns
- Adviser links: scope creep. (abnormalreturns.com)
- Most of what we know is wrong. Have a little humility. (abnormalreturns.com)
- Want to get luckier in life? Be nice. (abnormalreturns.com)
- On opting out of the online hostility and anger. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- A look at the most-read items 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)
