Quote of the Day
"Losing money is painful which, paradoxically, makes it valuable. There is no other teacher like it."
(Frederik Gieschen)
Markets
- There is still more than $6 trillion in money market funds. (apolloacademy.com)
- Is Japan's stock market finally ready for prime time? (on.ft.com)
Strategy
- We should judge systems by their outcomes, not by their aims. (anildash.com)
- Good investing advice is timeless. (blogs.cfainstitute.org)
Finance
- Private equity is not recycling capital very quickly. (ft.com)
- As transactions pick up, the losses in the commercial real estate sector are getting realized. (wsj.com)
Food
- What to make of the Amazon-GrubHub tie-up. (fastcompany.com)
- The fast food pricing backlash is here. (fastcompany.com)
Movie theaters
- There's no bottom for the movie theater industry. (spyglass.org)
- There's no going back for the movie business. (lefsetz.com)
Economy
- The April PCE came in at or near the Fed's expectations. (axios.com)
- The personal savings rate has fallen to historically low levels. (bonddad.blogspot.com)
- Older Americans are a growing percentage of the workforce. (housingwire.com)
Earlier on Abnormal Returns
- Podcast links: a sentiment disconnect. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: a less lucrative business. (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)
