Quote of the Day
“There’s no academically rigorous research showing that investing based on political leanings is going to yield any sort of outperformance.”
(Nate Geraci)
Rates
- Foreign bonds have not been a great place to be the past five years. (capitalspectator.com)
- Mortgage rates on the rise. (thebasispoint.com)
- It's real rates that matter. (mrzepczynski.blogspot.com)
Strategy
- A hard lesson to learn: cheap stocks can always get cheaper. (awealthofcommonsense.com)
- Fighting trends is a tough business. (allstarcharts.com)
Bitcoin
- Taproot, a Bitcoin code upgrade, has been activated. (theblockcrypto.com)
- Bitcoin mining is loud. (wsj.com)
Crypto
- Binance is by far and away the world's biggest cryptocurrency exchange. (wsj.com)
- Men aged 18-29 are the cryptocurrency target demographic. (pewresearch.org)
- A good reminder that web3 is rife with scammers. (theirrelevantinvestor.com)
- A host of countries are trying to become crypto hubs, including Ukraine. (nytimes.com)
- A good explanation of how NFTs work. (marginalrevolution.com)
Spin-offs
- The pandemic played a role in Johnson & Johnson ($JNJ) decision to split into two companies. (wsj.com)
- Why GE ($GE) ultimately was forced to break-up. (wsj.com)
- Toshiba is breaking up as well. (wsj.com)
Finance
- Prime brokerage is a scale-business. (netinterest.co)
- Nubank plans to give customers shares in the company prior to its IPO. (theblockcrypto.com)
Venture capital
- Sean O'Neil, "The ability to attract, direct, control, and influence that attention will be essential for survival, and absolutely critical for the survival of ecosystems, like those represented by venture capital." (infinitenuance.com)
- On the rise of the media-first investor. (neckar.substack.com)
Policy
- It's okay to admit that the U.S. overdid on fiscal support during the pandemic. (pragcap.com)
- Speaking of infrastructure, many cities in the U.S. need to rebuild their sewer systems. (wsj.com)
- Don't discount the costs of “Administrative burden” when it comes to benefits. (tradeoffs.org)
- A special counsel found the Hatch Act was widely abused in the past administration. (washingtonpost.com)
- Policy makers are no better at spotting bubbles than anyone else. (fullstackeconomics.com)
Economy
- The JOLTS report for September shows the jobs economy is nowhere near normalized. (bonddad.blogspot.com)
- Why the chip shortage is dragging on, and on. (arstechnica.com)
- Capital goods are on back order. (tker.co)
- Accelerating innovation will keep a long term lid on prices. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: other respiratory illnesses. (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)
- 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
- The shortage of school bus drivers was there prior to pandemic. (fivethirtyeight.com)
- Covid-19 is keeping Vietnamese workers from returning to the job. (nytimes.com)
- Many disabled workers thrived not having to be in the office. (washingtonpost.com)
- One good reason not to return the office, meeting overload. (hbr.org)
- There's no doubt that workers are having their moment. (vox.com)
