Thursdays are all about longform links on Abnormal Returns. Wherever possible, free links for premium sites are used. You can check out last week’s linkfest including a look at how Warren Buffett saved Salomon Brothers.
Quote of the Day
"The discontent we feel about so much of modern society is the failure of shame to triumph over “smart.”
(Jay Caspian Kang)
Books
- An excerpt from Robin Wiggleworth's "A Fabulous Debt: The Epic Story of How Bonds Built the Modern World." (time.com)
- An excerpt from "Worth the Risk: The Seven Myths That Keep Us From Taking the Chances We Need to Take" by Allison Schrager. (advisorperspectives.com)
- An excerpt from "Against Convenience: Embracing Friction in an Age of Endless Ease" by Gabe Bullard. (longreads.com)
- An excerpt from Tim Lomas’s book “Translating Happiness: A Cross-Cultural Lexicon of Well-Being.” (thereader.mitpress.mit.edu)
- An excerpt from "What Could Possibly Go Right?' by Danny Meyer. (wsj.com)
Trading
- What are perpetual futures and are they coming to the US? (bloomberg.com)
- A look at the boom (and bust) in India's options market. (bloomberg.com)
- Pablo Torre on how $99 all-day seminars are being used as a funnel for expensive stock trading courses. (youtube.com)
Business
Entertainment
- 50 songs that explain America, including 'Jump' by Van Halen. (theatlantic.com)
- The best 100 TV shows of the 21st century, including 'True Detective.' (nytimes.com)
Longreads
- How SpaceX ($SPCX) streamlined the Raptor Engine. (construction-physics.com)
- When it comes to oceans vs. cities, the ocean usually wins. (pioneerworks.org)
- Why do Americans put so much stuff into self-storage? (newyorker.com)
- Why building more housing is so challenging. (worksinprogress.news)
- Fake watches are getting very good. (wired.com)
