Quote of the Day
"If you become famous for your smart ideas, but that idea turns out to be either wrong or outdated, it’s extremely difficult to move on. The result is a lot of very smart people clinging to very bad ideas."
(Morgan Housel)
Markets
- FANG stock skeptics were wrong. (morningstar.com)
- Nvidia ($NVDA) is not sitting on its laurels. It is investing big in the future. (wsj.com)
Strategy
- Ben Carlson, "Our emotions are rigged, not the stock market." (awealthofcommonsense.com)
- Index funds are growing. So is their impact. (theirrelevantinvestor.com)
- Ian Cassel, "Buffett has been compounding his reputation for 70 years with investors, operators, financiers, world leaders, everyone. The result is people desire his opinion and approval." (microcapclub.com)
Policy
- The pro-life movement is at odds with IVF. (newyorker.com)
- Liberal cities are embracing anti-crime policies. (politico.com)
- Teachers are leaving the profession at historically high levels. (wsj.com)
- The long history of rent control in Sweden. (betonit.ai)
Economy
- Why is productivity improving? (tker.co)
- Rail traffic rebounded in February. (calculatedriskblog.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)