Quote of the Day
"Wanting to make money is not passion. Filling out trading journals and reviewing performance is not passion. All these are necessary, but not sufficient for peak performance."
(Brett Steenbarger)
Strategy
- Why isn't the stock market going down? (theirrelevantinvestor.com)
- Bonds have had a rough five years. Things are different moving forward. (morningstar.com)
- Novel Investor, "Investors must make bets on imperfect information to earn sought-after long-run returns." (novelinvestor.com)
Crypto
- Why is Bitcoin going higher? (newsletter.mollywhite.net)
- Coinbase ($COIN) is at-risk if the SEC forces it to delist coins it believes to be securities. (theblock.co)
Finance
- The current banking crisis can be traced back to the pandemic. (theatlantic.com)
- Charles Schwab ($SCHW) is now the 10th largest bank in the U.S. (wsj.com)
- JP Morgan Chase ($JPM) is buying startup analytics platform Aumni. (cnbc.com)
- The banking crisis highlights the importance of good, clear communication. (kyla.substack.com)
Housing
- The South is leading the housing market, price-wise. (indexologyblog.com)
- Gen Z is waiting for an opportunity to pounce on the housing market. (businessinsider.com)
- Thing are normalizing for home builders. (calculatedrisk.substack.com)
Philanthropy
- Would be philanthropists care a lot about a charity's overhead costs. (behavioralscientist.org)
- Mackenzie Scott's charitable effort is seeking out 250 charities for $1 million a pop. (businessinsider.com)
Economy
- Weekly initial unemployment claims are not going higher. (bonddad.blogspot.com)
- The FTC wants to make it easier to cancel digital subscriptions. (theverge.com)
Earlier on Abnormal Returns
- Longform links: the purpose of technology. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: reinvestment rate volatility. (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)
