Quote of the Day
"Falling markets set up a battle between your present self and your future self."
(Jason Zweig)
Chart of the Day

High yield bonds have largely ignored stock market volatility, to-date.
Strategy
- Why fears of an unbalanced stock market are overblown. (tker.co)
- 10 things to love about a market correction including 'The pictures of exhausted traders on the floor of the stock exchange.' (awealthofcommonsense.com)
- Don't ever think the market 'should' do something. (mrzepczynski.blogspot.com)
- Why predictions about the financial markets usually fail. (humbledollar.com)
The Power Law
- An excerpt from “The Power Law: Venture Capital and the Making of the New Future” by Sebastian Mallaby. (wapo.st)
- Some insights from “The Power Law” by Sebastian Mallaby including 'persistence isn't guaranteed.' (netinterest.co)
Vanguard
- Vanguard has come under a lot of criticism of late, but it has not hurt asset flows. (morningstar.com)
- Why Vanguard should be investing more in technology. (financial-planning.com)
Policy
- How to halt the exodus of men from the workforce. (bloomberg.com)
- What are chances that Congress actually bans its members from trading stocks? (theatlantic.com)
- Why ID.me is coming between you and the government. (wapo.st)
- In the face of increased longevity, lifetime tenure for judges no longer makes sense. (fallows.substack.com)
Economy
- Inflation is a story of goods vs. services. (fullstackeconomics.com)
- State governments are flush with cash. (bloomberg.com)
- Where Americans are quitting their jobs. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: the same boat (abnormalreturns.com)
- A market correction reading list from Josh, Michael, Ben, Barry and Blair. (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)