Quote of the Day
"Some of the most important topics are the hardest to teach, and real world experience is the only school."
(Morgan Housel)
Chart of the Day
The trillion dollar market cap club is shrinking. (chart via @ycharts)
Strategy
- Despite long term progress, the short term often makes us feel pessimistic. (awealthofcommonsense.com)
- A bear market allows you to restructure your portfolio without tax consequences. (portfoliocharts.com)
Crypto
- Used Bitcoin mining rigs are for sale at a big discount. (wsj.com)
- Creator royalties are a key feature of the NFT space. (avc.com)
Metaverse
- Why is Zuck betting the company on the metaverse? (wsj.com)
- No one knows what 'the metaverse' will be. (ben-evans.com)
Unreasonable Hospitality
- Will Guidara talks about his book "Unreasonable Hospitality: The Remarkable Power of Giving People More Than They Expect." (ted.com)
- David Chang talks dining and more with Will Guidara author of "Unreasonable Hospitality: The Remarkable Power of Giving People More Than They Expect." (theringer.com)
Policy
- Hateful rhetoric increases violence against minority groups. (papers.ssrn.com)
- There is an increasingly clear relationship between urbanization and progressive views. (unchartedterritories.tomaspueyo.com)
- What a database tells us about threats against public officials. (axios.com)
- Just how secure are U.S. voting systems? So far, so good. (econofact.org)
- How close are we to betting on election markets? (theinformation.com)
- On the banality of straight-ticket voting. (artofmanliness.com)
Housing
- House inventories are on the rise. (calculatedrisk.substack.com)
- Home buyers are moving farther away. (tker.co)
Economy
- The many ways the FOMC could mess things up. (ritholtz.com)
- The U.S. economy is missing a bunch of foreign-born workers. (econbrowser.com)
- How households spent pandemic-era payments. (papers.ssrn.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)
- Spending does more than change your bank balance. (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)
Mixed media
- Dan Sinker, "The joy and surprise that Twitter used to regularly bring has largely been replaced with anger, misinformation, and abuse." (slate.com)
- Substack is building its own chat function. (engadget.com)
- The case for quitting Twitter. (williamfleitch.medium.com)
- Some Twitter alternatives. (fallows.substack.com)
