Quote of the Day
"It’s a good time for humility, and diversification is a wonderful way to express that."
(Christine Benz)
Chart of the Day
The S&P 500 is off to its third worst start of the year. (via @charliebilello)
Markets
- Despite how it feels, this pullback is pretty average. (theirrelevantinvestor.com)
- Volatility is the price you pay for owning stocks. (thereformedbroker.com)
- Buying low is easier said than done. (awealthofcommonsense.com)
Berkshire Hathaway
- Berkshire Hathaway ($BRK.A) reduced its cash pile in Q1. (markets.businessinsider.com)
- Why Warren Buffett still holds so much sway with investors. (wsj.com)
- Can Berkshire's culture outlast Buffett himself? (bloomberg.com)
Companies
- How Twitter ($TWTR) could make money off subscriptions. (protocol.com)
- Why Apple ($AAPL) is designing its own 5G chips. (wsj.com)
- Big Tech is increasingly playing a role in sports programming. (frontofficesports.com)
- Airbnb ($ABNB) is ending its pandemic cancellation policy. (washingtonpost.com)
Policy
- College educated workers are driving unionization drives at places like REI, Amazon and Starbucks. (nytimes.com)
- It's hard to overstate how big a shift work from home has been. (econofact.org)
- The U.S. is losing the battle for talent. (bloomberg.com)
- Eliminating student loan debt won't really solve anything. (theatlantic.com)
- Pandemic relief fraud was not just a U.S. problem. (economist.com)
Economy
- Annie Lowery, "Inflation is an everyone problem and unemployment is a some-people problem." (msn.com)
- Emily Badger and Quoctrung Bui, "Over the past two years, Americans who own their homes have gained more than $6 trillion in housing wealth." (nytimes.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)
- We have decided to stop publishing a standalone linkfest focused on Covid. Check out the (hopefully) final edition. (abnormalreturns.com)
- There are plenty of investments you can put into your 'too hard pile.' (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)
