Quote of the Day
"Americans should take pride in our entrepreneurs and inventors, but they must remain wary of hucksters, charlatans and narcissistic power-grabbers."
(Jennifer Rubin)
Strategy
- Investing is hard. Really hard. (awealthofcommonsense.com)
- Be skeptical of anyone offering you better returns absent higher risk. (obliviousinvestor.com)
Crypto
- Coinbase ($COIN) is benefiting from the rally in Bitcoin and issues with its competitors. (barrons.com)
- Binance's legal problems are not done - the SEC is still on the line. (wsj.com)
Companies
- Alaska Air ($ALK) has offered to buy Hawaiian Airlines ($HA). (axios.com)
- Spotify ($SPOT) is laying off 17% of its workforce. (variety.com)
- Brad Jacobs, founder of XPO Logistics Inc. is launching a new (public) venture. (finance.yahoo.com)
Funds
- Was the ESG movement just another ZIRP phenomenon? (on.ft.com)
- Beware converted ETFs in their first year, tax distribution-wise. (etf.com)
- Why Q4 is a big quarter for ETF inflows. (ft.com)
Economy
- There's only one NFP report this year for the Fed to chew on. (downtownjoshbrown.com)
- The Taylor Rule suggests that the Fed was 'late to raising and is late to cutting.' (mrzepczynski.blogspot.com)
- Construction spending was up in October. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Adviser links: structuring compensation. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)