Quote of the Day
"The minimum level of diversification you need is the level that allows you to "zoom out", meaning the level that allows you to behave in a rational manner at all times."
(John Huber)
Chart of the Day
(on.ft.com)Strategy
- Byrne Hobart, "Decades of above-average net worth compounding are the reward for taking a big idea seriously, continuously refining it, and implementing it in the real world." (capitalgains.thediff.co)
- No matter the result, remember other stuff could have happened. (systematicindividualinvestor.com)
- The Reddit ($RDDT) IPO has priced. (cnbc.com)
- Condé Nast is a winner in the Reddit ($RDDT) IPO. (nytimes.com)
- How Reddit made content moderation work, mostly. (nytimes.com)
Apple
- Why the DOJ sued Apple ($AAPL). (wsj.com)
- Why Apple ($AAPL) should make a new Airport. (sixcolors.com)
- How to turn on Advanced Data Protection for your iCloud stuff. (wired.com)
Fund management
Housing
- Austin shows the rules of supply and demand work for housing. (theatlantic.com)
- How much is a house worth if it is uninsurable? (bloomberg.com)
- New commission rules could drive an exodus of realtors from the business. (wsj.com)
Economy
- Weekly initial unemployment claims are still at historically low levels. (calculatedriskblog.com)
- The market still expects cuts in June and July. (capitalspectator.com)
- 300 years of central bank rates. (econbrowser.com)
Earlier on Abnormal Returns
- Longform links: quick dopamine hits. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: striving for more. (abnormalreturns.com)
- What is wrong with this picture? How your charitable intentions can get co-opted after you are gone. (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)