Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at the fascinating history of Listerine royalties.

Quote of the Day

"The most important moral causes in previous centuries might be obvious to us now, but they were only dimly apparent at the time."

(William MacAskill)

Chart of the Day

Goldman Sachs ($GS) performance has lagged Morgan Stanley ($MS). (chart via @ycharts)