Quote of the Day
"The hard truth is that 80-90% of people who attempt trading in any capacity, frequency, or timeframe eventually end up net losers."
(Sean McLaughlin)
Markets
- The stock market usually goes up. (tker.co)
- Like it or not, technology stocks are leading. (allstarcharts.com)
Technology
- How does the technology industry not get bigger? (notboring.co)
- OpenAI is laying out a path forward for a sustainable business. (stratechery.com)
- Meta ($META) has a path forward for WhatsApp profitability. (nytimes.com)
- Amazon ($AMZN) is opening up One Medical membership for Prime Members. (engadget.com)
Apple
- How Apple ($AAPL) Macs could enter the AI conversation. (creativestrategies.com)
- Apple ($AAPL) has simplified the Macbook line. (daringfireball.net)
- How Apple ($AAPL) Crash Detection saved a life. (appleinsider.com)
Banking
- There is a good reason why companies pay banks for fairness opinions. (capitalgains.thediff.co)
- Did banks botch the recent batch of IPOs? (theinformation.com)
- Goldman Sachs ($GS) is pushing farther away from the credit card business. (wsj.com)
- Bank bonus season is looking bleak this year. (ft.com)
Finance
- KKR ($KKR) and Carlyle ($CG) are going in different directions. (ft.com)
- Softbank's Masayoshi Son lost some $11.5 billion on WeWork. (msn.com)
- Hedge funds keep poaching talent from each other with big pay packages. (ft.com)
Global
- What explains China's slow growth? (econofact.org)
- The Middle East is rapidly aging. (noahpinion.blog)
Economy
- What inventory levels tell us about the housing market. (calculatedrisk.substack.com)
- Consumer credit card delinquencies are on the rise. (axios.com)
Earlier on Abnormal Returns
- Personal finance links: avoiding losing. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: comparing yields. (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
- Nothing is going to replace Facebook, Twitter and Instagram for Millennials. (wired.com)
- Twitter stood out as a real-time news source. No longer. (politico.com)
- Aftermath is adopting the Defector business model for the video game crowd. (theverge.com)
- How publishers are using WhatsApp. (niemanlab.org)
