Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at what happens when Airbnb rentals take over a neighborhood.
Quote of the Day
"Collectibles don’t generate cash flow like bonds or stocks. They can only make you money through appreciation. Perhaps that doesn’t sound like a big constraint. But it is, because in the long run, assets without cash flows cannot increase in value more than the economy as a whole."(Alan Cole)