Quote of the Day
"Despite the ironclad economic rule “There is no such thing as a free lunch,” people tend to forget."
(Barry Ritholtz)
Chart of the Day
Why starting yields are a pretty good estimate of forward returns.
Markets
- Meme stock traders love bankrupt stocks. (axios.com)
- Stock market grifters are nothing new, the case of the 1901 promotion boom. (novelinvestor.com)
Tesla
- Tesla ($TSLA) is prompting more automakers to sell their cars exclusively online. (nytimes.com)
- GM ($GM) and Ford ($F) are taking on Tesla in different ways. (wsj.com)
Gasoline
- How closely do oil and gasoline move together? (fredblog.stlouisfed.org)
- Ethanol prices have been outpacing gasoline prices. (wsj.com)
Work
- More teachers are planning to leave education sooner than they planned. (wsj.com)
- Gig workers are, by definition, interchangeable. (hbr.org)
Earlier on Abnormal Returns
- Podcast links: moral questions. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: budget culture. (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)
