Quote of the Day
"While the current situation could prove to be very serious, investors have to remember what the world economy experienced and learned over the past year."
(Sam Ro)
Chart of the Day

Airline stocks are not fans of a new SARS-CoV2 variant. (via @charliebilello)
Strategy
- Today is a good reminder why bonds have a role in a portfolio. (thereformedbroker.com)
- There is a cost to trying to outperform the market. (theirrelevantinvestor.com)
- Why you need an investment plan before you start. (awealthofcommonsense.com)
Disney
- ESPN is losing cable subscribers while gaining online subscribers. (deadline.com)
- Disney ($DIS) is stepping up its streaming content spending in 2022. (thewrap.com)
EVs
- Deliveries of GM's ($GM) Hummer Edition 1 start next month. (engadget.com)
- On the road with the new Ford ($F) Mach-E Mustang. (arstechnica.com)
- A rave review for the Rivian ($RIVN) R1T pickup truck. (nytimes.com)
Shopping
- Black Friday was changing even before the pandemic. (protocol.com)
- Twitter ($TWTR) wants in on the live shopping action. (theverge.com)
India
Demographics
- What the growing gender gap in college education means for society. (nytimes.com)
- Americans adults increasingly say they don't plan to have children. (pewresearch.org)
- Fertility rates are falling and there isn't much being done to turn things around. (washingtonpost.com)
Earlier on Abnormal Returns
- Podcast links: the reality of inflation. (abnormalreturns.com)
- Longfrorm links: senseless and demoralizing. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (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
- Gary Shteyngart, "The fact that your parents live on inside you no matter what kind of relationship you have with them in real life." (esquire.com)
- This is a great time of year to think about how you spend your time (and money). (blairbellecurve.com)
- Three things Fred Wilson is grateful for. (avc.com)
- Gratitude should be a daily practice. (ryanholiday.net)