Quote of the Day
"Going from millions to hundreds of millions or billions is less a function of incremental intelligence and more a function of timing."
(Scott Galloway)
Markets
- Most market participants don't remember Black Monday, circa 1987. (ritholtz.com)
- How long will good news be bad news for stocks? (awealthofcommonsense.com)
Fund management
- Why it matters which value ETF you choose. (etftrends.com)
- Why open-end mutual funds are still the default option for 401(k) plans. (morningstar.com)
Nobel Prize
- Why Ben Bernanke's Nobel Prize is well deserved. (marginalrevolution.com)
- The Diamond-Dybvig model is one of the most-cited in economics. (nytimes.com)
- Why there is often a gap between economic theory and policy. (bloomberg.com)
CRE
- How work from home has affected office real estate values. (papers.ssrn.com)
- Cities are pushing back against the expansion of warehouses. (nytimes.com)
- Barry Ritholtz talks with Michael Levy, CEO of Crow Holdings about commercial real estate. (ritholtz.com)
Housing
- What 7% mortgage rates are going to do to the housing market. (bloomberg.com)
- We are really just beginning to see the housing market adjust to higher mortgage rates. (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Adviser links: behavioral considerations. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks this week on the site. (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
- Byrne Hobart, "A mailing list is essentially a way to get a cluster of people who are all on roughly the same page about whatever the topic is." (thediff.co)
- How to create content that subscribers will share. (adamsinger.substack.com)
- Paywalls are closing off more of the Internet's content. (fortune.com)
