Quote of the Day
"Many analysts in financial media, blogs, and social media will tell you when they think it’s a good time to place a trade but won’t tell you when to exit it. Exiting a position is much harder than entering one."
(Michael Harris)
Markets
- Lower expected returns shouldn't cause you to up your risk levels. (wsj.com)
- Would you rather own Tesla ($TSLA) or nearly every energy stock? (freedomdaysolutions.com)
- Financial markets punish the foolish. Not necessarily in other areas of life. (ritholtz.com)
- Why edges in financial markets disappear. (allstarcharts.com)
Companies
- Apple ($AAPL) has completely transformed its business around custom chips. (wsj.com)
- Who else could buy Twitter ($TWTR)? (om.co)
- A top-down look at the sneaker economy. (frontofficesports.com)
- The pandemic has changed retail forever, but hasn't killed in-store. (wsj.com)
Funds
- Vanguard's ETF patent is expiring. Does it matter? (ft.com)
- How Legalist using technology to make money in litigation finance. (wsj.com)
Housing
- Some signs that the housing market is cooling. (nytimes.com)
- Lumber prices are down YTD. (markets.businessinsider.com)
Policy
- When it comes to clean energy, the government has a bigger role in boosting demand. (papers.ssrn.com)
- State budget surpluses mean teachers are seeing a boost in pay. (nytimes.com)
- Pandemic relocations have been from high cost to low cost areas. (eig.org)
- Why police departments are reconsidering their traffic policing policies. (nytimes.com)
- America has a political gerontocracy problem. (theatlantic.com)
Economy
- The 10 year-3 month term spread never got close to inverting. (econbrowser.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: an unpredictable virus. (abnormalreturns.com)
- Before joining the Great Resignation read up on the grass-is-greener fallacy. (abnormalreturns.com)
- My Q&A with Nick Maggiulli about his newly published book "Just Keep Buying: Proven ways to save money and build your wealth." (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
- Peter Dunn, "Money is most certainly the easiest way to compare ourselves to others, but it’s also the laziest." (ibj.com)
- Simone Stolzoff, "Each of us does not have a single reason for being, but rather multiple reasons for being." (every.to)
- Michael Batnick, "Life is a series of unpredictable events. One right after the other." (theirrelevantinvestor.com)
