Quote of the Day
"For a company to be meaningfully cheaper than the fair market value of its assets, it needs to have had some reason to have systematically disregarded that cheapness."
(Byrne Hobart)
Strategy
- Eight ways compounding can get interrupted. (blog.validea.com)
- How to properly use a DCF model. (capitalgains.thediff.co)
Finance
- Banc of California ($BANC) is buying PacWest ($PACW) with the help of private equity. (wsj.com)
- How Goldman Sachs' ($GS) relationship with Apple ($AAPL) soured. (theinformation.com)
- Wells Fargo ($WFC) has authorized a $30 billion stock buyback. (cnbc.com)
Companies
- Why some investors are fed up with Amazon's ($AMZN) big bets. (theinformation.com)
- How Bath & Body Works ($BBWI) built a manufacturing hub to speed production. (wsj.com)
CRE
- The tech office boom in New York City is waning. (nytimes.com)
- Are people looking in the wrong real estate sector for credit risk? (ft.com)
- The Indianapolis office market is seeing a tentative recovery. (axios.com)
ETFs
- Why TCW Group bought the ETF business of Engine No. 1. (institutionalinvestor.com)
- Morgan Stanley ($MS) is filing for more ETFs. (etf.com)
Economy
- Consumer confidence is making a comeback. (axios.com)
- Is a 2% inflation target the right one? (ritholtz.com)
Earlier on Abnormal Returns
- Personal finance links: the burden of social debt. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: finding the right model. (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)