Quote of the Day
"Surrounded by dreck, the digital citizen is discovering that the best way to find what she used to get from social platforms is to type a URL into a browser bar and visit an individual site."
(Kyle Chayka)
Chart of the Day
Even Warren Buffett concedes that Berkshire Hathaway’s ($BRK.A) days of outperformance are past. (chart via YCharts)
Berkshire Hathaway
- 10 questions for Warren Buffett including 'Berkshire’s stock buybacks have slowed in the past two years. Does that mean you are less enamored of Berkshire shares at current valuations?.' (barrons.com)
- How long will Ajit Jain stay in the lead of Berkshire's insurance business? (ft.com)
- Why it's difficult for Berkshire Hathaway ($BRK.A) stock to outperform any more (wsj.com)
Companies
- Viking Holdings ($VIK) is off to a good start. (fastcompany.com)
- Carvana ($CVNA) has bounced back from near bankruptcy. (fastcompany.com)
- What Yardi wants with WeWork. (drorpoleg.com)
- The cloud is (very) capital intensive. (tomtunguz.com)
Finance
- Don't look now but Vanguard is looking for ways to raise fees. (riabiz.com)
- Why Hunterbrook Media is going to struggle at its dual missions. (newyorker.com)
- What to do about startups that borrowed money in age of ZIRP. (semafor.com)
Cannabis
- Is cannabis taking share away from alcohol? (ft.com)
- What a reclassification of cannabis means in practice. (semafor.com)
Economy
- The quits rate keeps falling. (disciplinefunds.com)
- Still no pick up in weekly initial unemployment claims. (calculatedriskblog.com)
- The U.S. and Europe are decoupling economically. (apolloacademy.com)
- Why the Fed should already be cutting rates. (ritholtz.com)
- The Fed is waiting inflation out. (sherwood.news)
Earlier on Abnormal Returns
- Longform links: the greatest possession. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: working longer. (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)