Quote of the Day
"Capitalism can’t function without a healthy system of accounting."
(Adrian Woolridge)
Markets
- How major asset classes performed in October 2020. (capitalspectator.com)
- Don't be surprised to see the stock market rally before the economy bottoms out. (finance.yahoo.com)
Strategy
- Joe Wiggins, "There is a stigma attached to saying “I don’t know”, not just in the investment industry but in many walks of life." (behaviouralinvestment.com)
- Nick Maggiulli, "The present is redefining your past. Sometimes this is necessary so that you don’t make the same mistakes again in the future. However, sometimes, the present can teach you the wrong lessons." (ofdollarsanddata.com)
Companies
- Why did Apple ($AAPL) risk its reputation on dicey app store ads? (daringfireball.net)
- Where does Crypto.com's push into sports sponsorship stand? (frontofficesports.com)
Finance
- Rocket Mortgage ($RKT) rode the refinancing boom. What comes next? (wsj.com)
- Women are still scarce in the top levels of private equity. (axios.com)
Venture capital
- Why venture capital is ripe for disruption. (every.to)
- Q3 saw big drops in startup valuations. (cbinsights.com)
- The top 100 universities ranked by startup founders. (pitchbook.com)
Funds
- 2022 shows that not all bond funds are created equal. (monevator.com)
- The spread between returns on public and nontraded REITs is growing. (wsj.com)
- Why you want thematic funds run by people with actual industry expertise. (klementoninvesting.substack.com)
Economy
- The Fed is most hurting the middle class through rising rates. (ritholtz.com)
- Derek Thompson talks housing with Tracy Alloway and Joe Weisenthal. (theringer.com)
- In America, lumber mills are moving south. (qz.com)
Earlier on Abnorml Returns
- Research links: an extremely long horizon. (abnormalreturns.com)
- Spending does more than change your bank balance. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: the paradox of Social Security. (abnormalreturns.com)
- Why rough edges remain in financial markets: people. (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)
