Quote of the Day
"We should lay to rest the myth that those who are best at articulating grand visions also possess the kind of universal competence required to create companies of lasting value."
(Christopher Mims)
Chart of the Day
The U.S. stock market is trading around fair value. (via @3F_Research)
Strategy
- Five reasons for optimism, including 'expected returns are rising.' (humbledollar.com)
- It's easy to forget that U.S. equities don't always outperform international equities. (savantwealth.com)
- Lessons learned from the young Warren Buffett. (neckar.substack.com)
Companies
- Why Penn National ($PENN) hitched its wagon to Dave Portnoy's star. (nytimes.com)
- Was AT&T ($T) purchase of Time Warner the worst deal in corporate history? (nytimes.com)
Policy
- Americans agree on immigration more than they disagree. (wsj.com)
- Female health companies face an increasingly complicated legal landscape. (institutionalinvestor.com)
- How worried should we be about our aging politicians? (politico.com)
- Congress is set to ban the use of NDAs to suppress sexual harassment claims. (axios.com)
- Why Beltway types are quitting Twitter any time soon. (politico.com)
Economy
- Consumers are increasingly stretching to keep on consuming. (tker.co)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Don't borrow money to invest. (abnormalreturns.com)
- Humans have been consuming alcohol for millennia, but people are increasingly saying no. (abnormalreturns.com)
- Life is complicated, your workout doesn't have to be. (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)
