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Adviser links: the problem with planning

Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at... PodcastsMichael Kitces talks with Melanie Milam of Gateway Financial Partners about her structured approach to connecting with clients. (kitces.com)Tim Ranzetta talks with Ted Benna about the past, present and future of the 401(k). (ngpf.org)FintechiCapital raised more capital at a $6 billion valuation. (riaintel.com)Digital estate planning software developer Vanilla is hiring. (wealthmanagement.com)Conquest Planning is jumping into the crowded financial planning market. (wealthmanagement.com)Alto’s self-directed IRA platform just raised new capital. (techcrunch.com)TaxesHigher inflation means 'bracket creep' is back. (financial-planning.com)Not every tax measure is indexed to inflation. (wsj.com)The IRS is understaffed and overwhelmed. (bloomberg.com)VanguardThe Vanguard situation shows the challenges of technology-related spikes in customer calls. (investmentnews.com)Complaints about Vanguard's technology pre-dated the year-end outage. (riabiz.com)Practice managementFour lessons from Bill McNabb about building out an advisory practice including 'Simplicity rules.' (financial-planning.com)Advisers are in no hurry to get back to the office. (investmentnews.com)AdvisersDave Nadig talks with Dasarte Yarnway about the future of financial advice and his vision for the Onyx Advisor Network. (etfdb.com)Another example showing advisers don't want to have to worry about their technology needs. (riabiz.com)Is showing younger clients long-term Monte Carlo-based projections counterproductive? (investmentnews.com)Why the CFP may not be the first best credential for those getting into wealth management. (financial-planning.com)How to write more compelling online content including 'Use dialogue.' (blogs.cfainstitute.org)Should advisors help clients with their credit card rewards? (kitces.com).....»»

Category: blogSource: abnormalreturnsJan 13th, 2022

Saturday links: a dangerous message

On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check... AutosWhat it's like to drive the new Ford ($F) F-150 Lightning pickup truck. (axios.com)GM ($GM) says it is playing the 'long game' with EVs. (nytimes.com)Americans really do love small trucks and SUVs. (calculatedriskblog.com)Is there room for all the EV startups? (axios.com)EnvironmentFor better or worse, we are already internalizing the impact of climate change. (bloomberg.com)The key to eliminating ocean plastic is preventing it from getting there in the first place. (axios.com)Can Miami survive climate change and rising sea levels? (slate.com)Just how green can steel production get? (undark.org)SpaceThe costs of space launches keep coming down. (fasterplease.substack.com)Astronomers are worried about satellites filling up near space. (adventure-journal.com)Why scientists want to send a probe to Uranus. (space.com)ArchaeologyWe've been calling Machu Picchu by the wrong name. (npr.org)Why archaeologists now focus on homes to figure out how ancient cities worked. (aeon.co)eVTOLsA looming problem for eVTOLs is a need to land somewhere. (wsj.com)eVTOLs are set to be a lot quieter than other aircraft. (newatlas.com)BehaviorPsychiatric care is demand around the country. (nytimes.com)The stigma around mental health is (very) slowly going away. (slate.com)Everyone seems to be struggling with some combination of the same four problems. (markmanson.net)Why couples counseling rarely works. (davidepstein.bulletin.com)People are dating all wrong. (wired.com)The iPodIt's easy to forget how revolutionary the iPod was. (500ish.com)The iPod sowed the seeds of its own demise. (engadget.com)HealthThe CDC estimates some 107,000 Americans died from overdoses in 2021. (statnews.com)Marijuana use is not without risk, including a higher risk of heart attack. (newatlas.com)Two common herpes viruses seem to be associated with the onset of pre-diabetes. (newatlas.com)CovidFive trends that have driven the pandemic in the U.S. over the past two years. (statnews.com)Visualizing one million Covid deaths in the U.S. (axios.com)SARS-Cov2 just keeps adapting and mutating. (statnews.com)Can Paxlovid treat long Covid? Maybe, but more data is needed. (theatlantic.com)Three ways to get a Paxlovid prescription. (npr.org)We are going to have to monitor Covid indefinitely. (wired.com)FitnessWhy you shouldn't let your fitness tracker run your life. (fivethirtyeight.com)Why the Concept 2 indoor rower never goes out of style. (whyisthisinteresting.substack.com)Peloton ($PTON) is planning to bring a rower to market. (theverge.com)AgricultureThe U.S. planting season is off to a slow start this Spring. (wsj.com)"Manure is making a much-needed comeback." (bloomberg.com)RestaurantsWhy restaurant reservations are in short supply. (wsj.com)Inflation is punishing restaurant owners. (npr.org)StreamingA password sharing crackdown won't do much to help Netflix ($NFLX). (variety.com)More Americans are watching free, ad-supported streaming. (thestreamable.com)Why 'New Girl' became a Netflix ($NFLX) fan favorite. (vanityfair.com)Why advertising won the streaming wars. (fastcompany.com)SportsSports betting revenue continues to hit new records. (frontofficesports.com)Sports cable affiliates are losing viewership. (axios.com)The NBA is increasingly a global game. (theatlantic.com)EducationWhy college still matters. (barrons.com)Why do high schools teach calculus instead of statistics? (hechingerreport.org)Earlier on Abnormal ReturnsWhat you missed in our Friday linkfest. (abnormalreturns.com)If YOU are the product, how do you ever take a break? (abnormalreturns.com)Two thoughts on nostalgia. (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)Mixed mediaTech companies are seeing push back when it comes to the return to the office. (wsj.com)Is hybrid work really better for the environment? (protocol.com)Behavioral lessons from the demise of CNN+. (mailchi.mp).....»»

Category: blogSource: abnormalreturnsMay 14th, 2022

Tuesday links: a bad business model

MarketsMichael Batnick, "Cheap stocks aren’t bringing down the average, it’s the expensive stocks that are doing it." (theirrelevantinvestor.com)It's hard to overstate how bad the bond market has been YTD. (washingtonpost.com)If you aren't confused right now, you are thinking enough. (awealthofcommonsense.com)StrategyThere is a big difference in averaging down in an individual stock vs. an index. (ofdollarsanddata.com)How to use lower risk equities to up overall equity exposure. (morningstar.com)You can't learn to take risk from a book. (bloomberg.com)CryptoFidelity Investments is planning to offer crypto-enabled 401(k) plans. (protocol.com)The crypto industry is hiring lawyers, hand over fist. (wsj.com)TwitterThere's still a lot of ifs to get through before Elon controls Twitter. (bloomberg.com)Om Malik, "Buying Twitter ensures that he [Musk] is never locked out from the platform that gives him the bully pulpit and power." (om.co)Is it smart to leverage up a company that doesn't make much money? (crossingwallstreet.com)Ten easy fixes for Twitter ($TWTR) including 'Edit button.' (thereformedbroker.com)Twitter ($TWTR) should get rid of its algorithmic feed. (fullstackeconomics.com)Twitter ($TWTR) doesn't have an engineering problem, it has a people problem. (theatlantic.com)Fund managementThe SEC's enforcement division has launched a sweep of ETF revenue-sharing practices. (ft.com)How Ned Johnson helped turn Fidelity into a powerhouse. (ft.com)EconomyThe Case-Shiller housing index showed a 19.8% annual gain in February. (calculatedrisk.substack.com)For better or worse, real yields are now positive. (wsj.com)Earlier on Abnormal ReturnsResearch links: changing valuations. (abnormalreturns.com)What you missed in our Monday linkfest. (abnormalreturns.com)Adviser links: previous generations. (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)Mixed mediaMike Dariano, "The most powerful decision hack is ease." (thewaiterspad.com)Start habits your future self will benefit from. (artofmanliness.com).....»»

Category: blogSource: abnormalreturnsApr 26th, 2022

Thursday links: sovereign shenanigans

MarketsWhy are individual investors so sullen? (allstarcharts.com)Mortgage rates now easily top 5%. (axios.com)StrategyWhy investors can safely ignore alternative funds. (morningstar.com)Collectible platforms come with higher fees. (financial-planning.com)PsilocybinSome clues on how psilocybin treatments could help rewire the brain to combat severe depression. (nytimes.com)That doesn't mean the companies in this space are going to succeed. (wapo.st)StartupsGoPuff is still trying to 'crack the instant delivery code.' (nytimes.com)Wagestream, an app focused on hourly workers, just raised a new round of capital. (techcrunch.com)Quartz is struggling to find profitability. (ft.com)Five reasons why startup CEOs are reluctant to fire some one. (hunterwalk.com)The Business of SportsSports gambling volume is up and to the right. (variety.com)NFL teams are getting into the crypto sponsorship game. (huddleup.substack.com)Football clubs are a bad investment. (klementoninvesting.substack.com)StreamingThe password sharing problem is bigger than you think. (msn.com)Is streaming pushing us to 'peak content'? (vox.com)Why streaming services are addicted to true-crime series. (nytimes.com)How to kick moochers off your streaming account. (mentalfloss.com)EconomyTruck freight rates are going into reverse. (wsj.com)Weekly initial unemployment claims are sitting at historic lows. (calculatedriskblog.com)'Unretirements' are on the rise. (hiringlab.org)Real retail sales have stalled out. (bonddad.blogspot.com)Earlier on Abnormal ReturnsLongform links: stupider en masse. (abnormalreturns.com)Before joining the Great Resignation read up on the grass-is-greener fallacy. (abnormalreturns.com)What you missed in our Wednesday linkfest. (abnormalreturns.com)Personal finance links: funding your goals. (abnormalreturns.com)My Q&A with Nick Maggiulli about his newly published book "Just Keep Buying: Proven ways to save money and build your wealth." (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)Mixed mediaSkimping on sleep is not a badge of honor. (ryanholiday.net)Career specialization is useful only up until a point. (youngmoney.co)Why 'hustle culture' is ultimately counterproductive. (timdenning.substack.com).....»»

Category: blogSource: abnormalreturnsApr 14th, 2022

Adviser links: selling the sizzle

Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at... PodcastsMichael Kitces talks with Penny Phillips who is president and co-founder of Journey Strategic Wealth about the pros and cons of tucking a practice into a larger enterprise. (kitces.com)Daniel Crosby talks financial dysfunction with Dr. Sonya Lutter. (standarddeviationspod.com)Meb Faber talks with Patrick Geddes is the co-founder and former CEO of Aperio Group, a pioneer in custom index equity portfolios. (mebfaber.com)Michael Kitces and Carl Richards talk about balancing the needs of existing clients and future growth. (kitces.com)Dasarte Yarnway talks with Michael Kelly of Switchback Financial about equity compensation. (soundcloud.com)The bizMarkets are recognizing the power in the new Charles Schwab ($SCHW). (riabiz.com)Vanguard keeps accumulating assets and complaints about poor customer service at the same time. (bloomberg.com)The modern Fidelity Investments is largely a function of decisions the late Ned Johnson made. (riabiz.com)RIA valuations are slowing their ascent. (citywireusa.com)Advyzon is launching a TAMP. (financial-planning.com)Social SecurityWhy Social Security and Medicare are part of a tax-efficient withdrawal strategy. (thinkadvisor.com)How 401(k) plans can help bridge to collecting Social Security. (investmentnews.com)AdvisersClients come to an adviser usually with a problem. How focusing on that problem is a good start to a relationship. (kitces.com)How to use the medical residency model for training new financial planners. (kitces.com)What new retirees need to know about taxes. (investmentnews.com)Are advisory fees actually going down? (advisorhub.com)How to fire a client the right way. (financial-planning.com).....»»

Category: blogSource: abnormalreturnsMar 28th, 2022

Wednesday links: a ubiquitous commodity

          MarketsThe 'wall of worry' is present. (howardlindzon.com)Thew news stopped getting worse. (thereformedbroker.com)StrategyBeware the finance type trying to sell you market upside with downside protection. (thereformedbroker.com)How to identify what kind of investor you are. (blog.validea.com)StartupsWhy you are going to see more startups slash their valuations. (theirrelevantinvestor.com)On the advantage of having VCs on your side when things hit the fan. (avc.com)Reddit is planning to go public in 2022. (businessofbusiness.com)WorkPeople are quitting their jobs and turning around as consultants at higher pay. (wsj.com)In the U.S. it is legal to discriminate against employees based on weight. (bloomberg.com)Companies are using sabbaticals to stave off resignations. (fortune.com)GlobalCanada has its own inflation problem. (bnnbloomberg.ca)Russian professionals are fleeing the country. (bloomberg.com)EconomyNational home builder confidence is still at high levels. (calculatedriskblog.com)Historically, spikes in oil prices have presaged recession. (econbrowser.com)Earlier on Abnormal ReturnsWords matter. (abnormalreturns.com)Personal finance links: attaining tranquility. (abnormalreturns.com)What you missed in our Tuesday linkfest. (abnormalreturns.com)Research links: puzzles and anomalies. (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)Mixed mediaDemand for warehouse space is soaring across NYC. (nytimes.com)Properties near commuter rail stations are now selling at a discount. (marketwatch.com).....»»

Category: blogSource: abnormalreturnsMar 16th, 2022

Saturday links: the cereal aisle of information

On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check... AutosThe vast majority of new car buyers are paying above MSRP. (wsj.com)The Porsche IPO is biased toward insiders, not the public. (bloomberg.com)Cold weather does a number on EV range. (axios.com)Pickup trucks are more likely to kill pedestrians in an accident. (slate.com)EnergyWater canals are a no-brainer for installing solar panels. (newatlas.com)Americans are largely in agreement about transitioning to a carbon-neutral economy. (pewresearch.org)EnvironmentThe latest UN report on climate change paints a dire picture. (npr.org)The IPCC is issuing reports that no one is paying attention to. (nytimes.com)The 150 history of Yellowstone National Park. (npr.org)Where biodiversity is most at-risk in the U.S. (nytimes.com)Biomason, a Durham, N.C.-based startup, hopes to 'grow' cement. (axios.com)Seriously, stop pre-rinsing your dishes. (lifehacker.com)TravelHow airspace restrictions are affecting flight times. (axios.com)Why a retired pilot is comfortable flying budget airlines in the U.S. (humbledollar.com)ScienceBird feeders help some species, harm others. (scientificamerican.com)More attention is being paid to measuring rogue waves. (newatlas.com)SpaceThe Hubble Space Telescope is still going strong. (theatlantic.com)The JWST continues to move toward operational status. (syfy.com)The danger of space trash is only growing. (grid.news)The moon shouldn't be treated like a garbage dump. (theatlantic.com)Technology10 breakthrough technologies for 2022 including password-less security. (technologyreview.com)Why you should keep your operating systems up-to-date. (washingtonpost.com)Slowly, but surely, chatbots are getting better. (nytimes.com)Health bizOnline pharmacy Ro has acquired Dadi, a sperm collection and testing startup. (fastcompany.com)What happens when insurance companies invest venture capital in health care startups? (slate.com)HealthMore research is showing that viral infections can cause autoimmune disease. (newatlas.com)On the relationship between air pollution and the flu. (econofact.org)Covid aside, it still makes sense to increase ventilation. (whyisthisinteresting.substack.com)There's a difference between Vitamin D2 and D3. (newatlas.com)FoodConsumer inflation, as explained by eggs. (vox.com)Farmers are facing significantly higher fertilizer prices. (modernfarmer.com)DrinkBreweries are getting into the whiskey business. (insidehook.com)Beer can prices are on the rise. (insidehook.com)SportsA look behind Fanatics push into all aspects of the sports business. (fastcompany.com)World chess has a Russia problem. (defector.com)Pickleball courts are the new must-have amenity for developments. (axios.com)Why so many La Liga teams are named 'Real ___." (espn.com)MusicWhy bands are never coming back. (tedgioia.substack.com)The finances make making it as a band even harder these days. (lefsetz.com)Hard partying bands are a vestige of an earlier era. (theguardian.com)MediaDisney ($DIS) is planning an ad-supported tier for Disney+ later in 2022. (variety.com)In praise of meditative TV like 'Painting With John' and 'Chillin Island.' (gq.com)Earlier on Abnormal ReturnsCoronavirus links: different pandemic eras. (abnormalreturns.com)What you missed in our Friday linkfest. (abnormalreturns.com)Welcome Tim Ferriss listeners! (abnormalreturns.com)Podcast links: growing your own. (abnormalreturns.com)March ESG links: reflected values. (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)Mixed mediaSeven books that can change your life including "Enough" by Jack Bogle. (dariusforoux.com)Why some great ideas never catch hold. (ft.com)An ode to giving money away. (theatlantic.com).....»»

Category: blogSource: abnormalreturnsMar 10th, 2022

Wednesday links: doing less

StrategyNobody has a plan to panic sell. (theirrelevantinvestor.com)On the dangers of averaging down. (safalniveshak.com)CryptoBig hedge funds continue to push into crypto. (wsj.com)Binance plans to continue investing outside of crypto. (theblockcrypto.com)FintechPublic is buying collectible company Otis. (theblockcrypto.com)Acorns just raised a new round of capital at a $2 billion valuation. (techcrunch.com)Interactive Brokers ($IBKR) is launching a novice-focused trading app. (financial-planning.com)Fund managementLessons from the rise and fall of ARK Innovation ($ARKK). (blog.validea.com)Will investors learn the lesson from investing in autocratic countries? (morningstar.com)MediaThe problem with Paramount+. (theverge.com)Apple TV+ is going to air MLB games. (variety.com)A24, the indie studio announced an equity investment of $225 million at a $2.25 billion valuation. (variety.com)EconomyThe Fed is in a bind. (pragcap.com)The 10-year Treasury is still too low per this model. (capitalspectator.com)Layoffs are rare these days. (bonddad.blogspot.com)Earlier on Abnormal ReturnsCheck out the iCap list of the "18 Top Financial Advisers and Real Estate Investment Influencers You Should Be Following in 2022." (icapequity.com)Personal finance links: your personal preferences. (abnormalreturns.com)What you missed in our Tuesday linkfest. (abnormalreturns.com)Research links: decision making analysis. (abnormalreturns.com)The 2022 Credit Suisse Global Investment Returns Yearbook is here! (abnormalreturns.com)re you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)Mixed mediaEverybody is struggling with something. (ofdollarsanddata.com)The good old days are happening now. (raptitude.com)Attention is zero-sum. (theatlantic.com).....»»

Category: blogSource: abnormalreturnsMar 10th, 2022

Saturday links: choosing practicality

On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check... TransportWhy a Porsche IPO is on the table. (bloomberg.com)The USPS snubbed sustainability in its new truck deal. (axios.com)If eVTOL vehicles are the future of mobility we have a big problem. (bloomberg.com)EnergyThe U.S. power grid is becoming less reliable. (wsj.com)The U.S. may be energy independent at this point, which is cold comfort in light of Ukraine. (bloomberg.com)More individuals and businesses are installing generators in case of power outages. (wsj.com)Pennsylvania is full of abandoned oil and gas wells. (stateimpact.npr.org)Why dairy gas is in high demand. (wsj.com)EnvironmentWe are underestimating flood risk in the U.S. (sciencedaily.com)Rising sea levels affect areas in different ways (and amounts). (wired.com)Melting permafrost is going expose all sorts of stuff we don't want unearthed. (newscientist.com)Human activity in Antarctica is accelerating snow melt. (nature.com)Cities are requiring developers to 'deconstruct' old buildings. (wired.com)Wildfire risk is rising around the world. (nytimes.com)ArchaeologyIt seems that homo sapiens were in Europe thousands of years earlier than previously thought. (theconversation.com)Archaeologists found a roughly 9,000-year-old shrine at a remote Neolithic site in Jordan's eastern desert. (npr.org)AnimalsDon't mess with orcas. (npr.org)What elephant seals can teach us about whales. (vox.com)Horseshoe crabs are related to arachnids. (nytimes.com)HealthThis Winter we have seen a mild flu season. (statnews.com)Moderna ($MRNA) is planning for new vaccine targets. (newatlas.com)Moderna ($MRNA) is set to begin late-stage testing of an RSV vaccine. (biopharmadive.com)DogsHumans have not done breeds, like the bulldog, any favors. (washingtonpost.com)Dog owners do better in old age. (newscientist.com)FoodMcDonald's ($MCD) is facing a fight over animal welfare via Carl Icahn. (wsj.com)How family mean brings restaurant workers together. (tastecooking.com)Behold the 'purple tomato' with a longer shelf life and more antioxidants. (newscientist.com)SportsHow pro sports leagues could cut their carbon emissions. (scientificamerican.com)Why Olympians often struggle with depression, post-Games. (npr.org)Becoming an elite skier is an expensive proposition. (wsj.com)Earlier on Abnormal ReturnsCoronavirus links: viral churn. (abnormalreturns.com)What you missed in our Friday linkfest. (abnormalreturns.com)Podcast links: paid silos. (abnormalreturns.com)When simplicity trumps complexity. (abnormalreturns.com)Striking out on your own with confidence. (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)Mixed mediaGetting a rental car is still a tricky business. (wsj.com)Some luxury apartments are becoming more like wellness resorts. (ft.com)Beer snobs are back into lager. (wsj.com).....»»

Category: blogSource: abnormalreturnsFeb 26th, 2022

Saturday links: mental and physical health

On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check... AutosHyundai and Kia outsold Honda in the U.S. for the first time. (cnn.com)The 2022 North American Car, Truck and Utility of the Year snubbed EVs. (axios.com)Peer-to-peer car sharing service Turo is planning an IPO. (techcrunch.com)EnergyWhy did the costs of nuclear power stop going down? (austinvernon.site)What's involved with the DOE's “Building a Better Grid” initiative. (theverge.com)It's hard to see how we decarbonize the economy without nuclear energy. (wsj.com)Battery Resourcers is set to open the nation's biggest battery recycling plant. (fastcompany.com)Climate change2021 was the second-worst year for weather disasters in the U.S. (washingtonpost.com)A fifth of the planet experienced record temperatures in 2021. (cbsnews.com)Measures of ocean temperatures hit another record high. (theguardian.com)EnvironmentWhy hurricanes are likely to shift their way North. (wsj.com)Why the cleaving of the Thwaites Glacier would be really bad. (rollingstone.com)The U.S. is looking to increase the use of cover crops. (reuters.com)Plant seeds travel via animals, which is a problem for plants. (vox.com)How companies can design their products to be more recyclable. (fastcompany.com)ArchaeologyHow a badger unearthed a trove of Roman-era coins. (thelocal.es)Humans have been in the Americas far longer than commonly believed. (this-is-critical-with-virginia-heffernan.simplecast.com)SpaceThe JWST still has a ways to go before becoming operational. (syfy.com)Satellite images of the huge Tonga volcanic eruption. (space.com)ScienceRationality has been on the decline for decades. (phys.org)AI is making a 'post-theory science' possible. (theguardian.com)TravelWhy airlines' old forecasting models won't work. (bloomberg.com)Why ski resorts are jammed. (wsj.com)TechnologyWhy you are likely to hear more about UWB. (wsj.com)5G hates trees. (axios.com)BehaviorThe link between exercise and reduced anxiety is strong. (nytimes.com)Forming new habits is simple but not easy. (theatlantic.com)On the link between helping and happiness. (bakadesuyo.com)HealthCovid and at-home tests are turning consumers into do-it-yourselfers. (wsj.com)Some more evidence that MS may be caused by a virus. (statnews.com)Six investments in your long term health. (marginalrevolution.com)How pharmaceuticals get their names. (wsj.com)SleepHow a 'two-week test' can help reset your sleep patterns. (wsj.com)Sleep matters. Don't shortchange yourself. (humbledollar.com)WeedHow Oklahoma became a boom state for weed. (news.yahoo.com)Why legal weed didn't kill off the black market in Oregon. (politico.com)Jesse Pujji talks with Jeff Hoffman of Marathon Partners Equity Management about the business of weed. (podcasts.apple.com)FoodVeganuary isn't catching on just yet. (axios.com)The pandemic only temporarily put a dent in booze sales. (bloomberg.com)Some hope of saving the Cavendish banana. (modernfarmer.com)MoviesBig stars draw eyeballs on streaming: the case of 'Don't Look Up.' (variety.com)Why do movies all look so gray and washed out? (vox.com)Eight tips on how to watch movies. (marginalrevolution.com)Earlier on Abnormal ReturnsCoronavirus links: two years of knowledge. (abnormalreturns.com)What you missed in our Friday linkfest. (abnormalreturns.com)Podcast links: surprising lessons. (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)Mixed mediaWhy the creator of Wordle isn't trying to monetize it. (techcrunch.com)The best words to start Wordle. (wired.com)'Solving' Wordle isn't the point. (ft.com).....»»

Category: blogSource: abnormalreturnsJan 15th, 2022

Adviser links: the problem with planning

Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at... PodcastsMichael Kitces talks with Melanie Milam of Gateway Financial Partners about her structured approach to connecting with clients. (kitces.com)Tim Ranzetta talks with Ted Benna about the past, present and future of the 401(k). (ngpf.org)FintechiCapital raised more capital at a $6 billion valuation. (riaintel.com)Digital estate planning software developer Vanilla is hiring. (wealthmanagement.com)Conquest Planning is jumping into the crowded financial planning market. (wealthmanagement.com)Alto’s self-directed IRA platform just raised new capital. (techcrunch.com)TaxesHigher inflation means 'bracket creep' is back. (financial-planning.com)Not every tax measure is indexed to inflation. (wsj.com)The IRS is understaffed and overwhelmed. (bloomberg.com)VanguardThe Vanguard situation shows the challenges of technology-related spikes in customer calls. (investmentnews.com)Complaints about Vanguard's technology pre-dated the year-end outage. (riabiz.com)Practice managementFour lessons from Bill McNabb about building out an advisory practice including 'Simplicity rules.' (financial-planning.com)Advisers are in no hurry to get back to the office. (investmentnews.com)AdvisersDave Nadig talks with Dasarte Yarnway about the future of financial advice and his vision for the Onyx Advisor Network. (etfdb.com)Another example showing advisers don't want to have to worry about their technology needs. (riabiz.com)Is showing younger clients long-term Monte Carlo-based projections counterproductive? (investmentnews.com)Why the CFP may not be the first best credential for those getting into wealth management. (financial-planning.com)How to write more compelling online content including 'Use dialogue.' (blogs.cfainstitute.org)Should advisors help clients with their credit card rewards? (kitces.com).....»»

Category: blogSource: abnormalreturnsJan 13th, 2022

Monday links: the benefits of speculation

MarketsThe asset class return quilt every year highlights the benefits of diversification. (awealthofcommonsense.com)Five investment lessons from the rise of Wordle including 'Accept randomness.' (syfy.com)CompaniesFacebook's ($FB) hiring spree is raising costs for everybody. (wsj.com)Some signs that Omicron is going to affect company earnings. (thereformedbroker.com)FinanceCitigroup ($C) is set to fire unvaccinated workers. (reuters.com)How Brexit has harmed London's financial ecosystem, including shifts in trading to places like Amsterdam. (ft.com)EconomyMillions of American workers are home sick with Covid. (businessinsider.com)Warehouse employment is booming. (tker.co)The Great Resignation has come for manufacturing. (washingtonpost.com)Earlier on Abnormal ReturnsAdviser links: the problem with planning. (abnormalreturns.com)What you missed in our Sunday linkfest. (abnormalreturns.com)Top clicks last week on the site. (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)Mixed mediaTen of the best business books of 2021 including "Uncharted: How to Map the Future" by Margaret Heffernan. (forbes.com)A rave review of "In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest." (wsj.com)Some tips on how to read more books including 'Read books simultaneously.' (ft.com).....»»

Category: blogSource: abnormalreturnsJan 13th, 2022

Tuesday links: similar characteristics

MarketsQuants are off to a good start in 2022. (ft.com)Lumber prices are up 75% year-over-year. (calculatedriskblog.com)BondsCompanies are borrowing in 2022, albeit at higher rates. (ft.com)Keep in mind high yield bonds have a higher correlation with equities. (morningstar.com)StrategyWhy it's so easy for investors to be bearish. (ofdollarsanddata.com)Five lessons learned from 2021 including 'Gold is not an inflation hedge over your investment horizon.' (evidenceinvestor.com)Some reading on the career and investment philosophy of Lou Simpson. (rationalwalk.com)FinanceCitadel Securities has taken on its first outside capital. (wsj.com)Sequoia Capital is now registered with the SEC. (wsj.com)GlobalHong Kong's population is now in decline. (bloomberg.com)A record low number of Japanese turned 20. (ft.com)EconomyRetail workers are once again feeling the brunt of the pandemic. (nytimes.com)Grocery shelves are bare because there aren' enough people to stock them. (slate.com)'Missing' American workers by age group. (calculatedriskblog.com)Earlier on Abnormal ReturnsResearch links: beta blues. (abnormalreturns.com)What you missed in our Monday linkfest. (abnormalreturns.com)Adviser links: the problem with planning. (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)Mixed mediaThe origin story of Wordle. (nytimes.com)Wordle has unleashed a desire for people to 'solve it.' (theringer.com)What's the best word to start Wordle? (wsj.com).....»»

Category: blogSource: abnormalreturnsJan 13th, 2022

Saturday links: back to the office

On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check... AutosHighway deaths in the U.S. are soaring. (axios.com)Apple ($AAPL) is planning a 'crash detection' feature for iPhones and Watches. (wsj.com)Many Americans are overpaying for auto loans. (consumerreports.org)A profile of Linda Zhang who is the chief engineer for Ford’s F-150 Lightning. (time.com)Why Amazon ($AMZN) delivery truck backup sensors sound that way. (inputmag.com)How are used batteries recycled? (wired.com)NuclearFusion energy startup Helion has raised $500 million with a 2024 goal. (axios.com)A Q&A with Radiant CEO, Doug Bernauer, on building 1.2-megawatt nuclear reactors. (marketwatch.com)EnergyA crackdown on methane emissions from oil and gas wells is coming. (bbc.com)South Africa, the 12th biggest polluter, is set to wean itself off of coal. (dailymaverick.co.za)Greater energy efficiency makes for less need for power. (sciencedaily.com)You can't fix the U.S. energy system without fixing the grid. (caia.org)A history of the U.S. power grid and what it needs to get smarter. (scientificamerican.com)WaterSam Meredith, "In and around the world's highest mountains, glacial lake outburst floods pose a worsening threat to an increasing number of people." (cnbc.com)Sea level rise is a global issue that can only be mitigated on a local level. (daily.jstor.org)Just because Chicago is on Lake Michigan doesn't mean it is immune from water issues. (cnbc.com)EnvironmentThe Hamptons wants to stave off the effects of climate change with a lot of money and sand. (bloomberg.com)Poorer Americans live closer to sites with toxic emissions. (propublica.org)Ammonia emissions, largely unregulated, are a big contributor to air pollution. (newscientist.com)Why Iceland is a perfect place to test carbon capture technology. (nytimes.com)The problem of plastics in the ocean is only getting worse. (unchartedterritories.tomaspueyo.com)You can't recycle plastic in the Arctic. (wired.com)Cities are hiring 'chief heat officers.' (axios.com)AnimalsWhales eat a lot more than previously thought which means they are a bigger part of the ocean ecosystem than thought. (hakaimagazine.com)Florida is seeing record sea turtle nestings this year. (thehill.com)Monarch butterflies have returned to California in big numbers this year. (goodnewsnetwork.org)Maine has a moose problem. (wsj.com)ScienceHow lidar has revolutionized archaeology. (arstechnica.com)Melting ice and permafrost is exposing all manner of stuff, but time is tight. (nytimes.com)It now seems that the Vikings beat the Portugese to the Azores. (theguardian.com)TechnologyFacebook ($FB) is just one player in the race to build the metaverse. (wsj.com)Neeva want to take on Google ($GOOGL) in search with a very different business model. (fallows.substack.com)Why billionaires are rushing to launch satellites for Internet service. (washingtonpost.com)How new supercomputers are helping the National Weather Service make better forecasts. (technologyreview.com)When it comes to passwords, the longer the better. (venturebeat.com)BehaviorWhy workers are reluctant to use mental health benefits. (wsj.com)Why moving for better weather is no guarantee of success. (theatlantic.com)Five insights from Jessica Nordell's new book "The End of Bias: A Beginning: The Science and Practice of Overcoming Unconscious Bias." (nextbigideaclub.com)Four things to help you live in the moment. (bakadesuyo.com)MedicineCVS ($CVS) wants to start hiring doctors. (wsj.com)There is a downside to aggressively treating diabetics - hypoglycemia deaths. (reuters.com)Unproven stem cell treatments are now being marketed widely. (theverge.com)Nurses are burned out. (scientificamerican.com)HealthAnother sign that the public health system in the U.S. is broken. (propublica.org)The HPV vaccine works in reducing cervical cancer. (bbc.com)We're more closely mapping the brain but don't know all that much more about how it all works. (nautil.us)In praise of the modern root canal therapy. (theatlantic.com)FitnessThe case for doing cardio before weights. (nytimes.com)The pandemic is not over yet for in-person gyms. (wsj.com)For otherwise healthy men, diet won't move your testosterone levels much. (nytimes.com)DogsDogs are going to struggle as people go back to work. (scientificamerican.com)Why do dogs tilt their heads? (science.org)FoodVoters in Maine approved a referendum to add a “right to food” amendment to the state’s constitution. (modernfarmer.com)Obesity rates are on the rise despite falling sugar consumption. (marginalrevolution.com)Chefs are kicking avocado to the curb. (eater.com)SportsIt's not just you, more people are wearing Hoka running shoes. (frontofficesports.com)How the Ivy League handled Covid-19. (frontofficesports.com)The origin story of pickleball. (mentalfloss.com)ProfilesA profile of Michael Rubin, founder and chief executive of Fanatics. (nytimes.com)How Dan Orlovsky went from backup QB to top ESPN NFL analyst. (indystar.com)Addiction and the heartbreaking story of Colt Brennan. (si.com)CollegeMaking the case for an 'Amazon ($AMZN) of online college.' (overcomingbias.com)MBA students are pretty good about managing student loans. (wsj.com)Earlier on Abnormal ReturnsCoronavirus links: an uncontrolled experiment. (abnormalreturns.com)What you missed in our Friday linkfest. (abnormalreturns.com)Podcast links: supply chain economics. (abnormalreturns.com)Longform links: important information. (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)Mixed mediaOm Malik, "We live in a society where everything is a transaction." (om.co)How do you take a sick day when you work remotely? (axios.com)The many reasons why Americans are having fewer children. (axios.com).....»»

Category: blogSource: abnormalreturnsNov 6th, 2021

Adviser links: confronting reality

Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at... PodcastsMichael Kitces talks with Kyle Moore who is founder of Quarry Hill Advisors about rapidly scaling a practice. (kitces.com)Justin Carbonneau and Jack Forehand talk with RWM CEO Bill Sweet about all things tax and managing firm growth. (blog.validea.com)Dasarte Yarnway talks humanizing financial advice with Mike Policar of NGP Financial Planning. (institutionalinvestor.com)FintechEnvestnet ($ENV) has led a Series A round in YieldX, a portfolio management software company focused on fixed-income securities. (riaintel.com)Addepar is buying AdvisorPeak. (riabiz.com)UBS is getting into the robo-advisor game in the U.S. (investmentnews.com)RegulationThe SEC is now cracking down on the problem of 'orphan accounts.' (riabiz.com)What new SEC rules say about online reviews of advisers. (financial-planning.com)AlternativesFinancial advisers are between a rock and a hard place when it comes to crypto. (advisorperspectives.com)Charles Schwab ($SCHW) is taking a wait-and-see approach to crypto. (riabiz.com)By avoiding alternative investments are RIAs missing out? (riaintel.com)AdvisersAs firms scale, so does their need for training and coaching. (riaintel.com)Increasing diversity is both a top-down and bottom-up process. (thinkadvisor.com)Why female clients would prefer to work with a female adviser. (blogs.cfainstitute.org)How relying on client-derived life expectancy estimates can go wrong. (thinkadvisor.com)How a one-page 'asset map' can help facilitate client discussions. (kitces.com)How can you serve clients with smaller asset bases? (citywireusa.com)Rick Ferri is fighting the fight against the 1% AUM fee. (thinkadvisor.com).....»»

Category: blogSource: abnormalreturnsNov 1st, 2021

Saturday links: great customer service

On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check... AutosIn Americans' eyes Teslas ($TSLA) ARE EVs. (cnbc.com)How Uber ($UBER) is planning to get more drivers into Teslas ($TSLA). (axios.com)If nothing else, Hertz ($HTZ) is working hard to stay relevant. (axios.com)TransportWhat it's like to fly a Joby ($JOBY) eVTOL plane. (axios.com)Contrary to popular belief the scooter rental business isn't dead yet. (indystar.com)EnergyWhere in the U.S. the power grid is becoming more unstable. (washingtonpost.com)Hawaii is set to ditch coal power. The transition has not been smooth. (canarymedia.com)Solar projects are throttled in areas where the grid can't handle their output. (nytimes.com)A cool looking wall that harnesses wind power. (fastcompany.com)3-D Homes3-D printed houses are becoming a thing. (axios.com)3-D printed houses have come to the U.S. (wsj.com)WaterCalifornia's rain is helping to alleviate some problems, but there is still a water deficit. (washingtonpost.com)Marin County is facing a significant water shortage. (finance.yahoo.com)The cradle of civilization is drying out. (washingtonpost.com)EnvironmentDespite early hype, the pandemic didn't reduce carbon emissions. (npr.org)Add microplastics to the list of things affecting the climate. (arstechnica.com)It's not just forests that store carbon, so do grasslands and meadows. (newscientist.com)If you want people to change behavior you have to make it easy. (techcrunch.com)AnimalsHow Cape Cod is trying to learn to live with sharks. (nytimes.com)Can AI help us talk to sperm whales? (hakaimagazine.com)Why vineyards are encouraging owls to make their home among the vines. (baynature.org)Otters have returned to Singapore. (washingtonpost.com)Birds like truffles too. (sciencedaily.com)HealthPatients going to the ER are sicker these days and they are not all Covid-related. (npr.org)PBMs have long since stopped working to reduce pharmaceutical costs. (wsj.com)How researchers are studying a potential link between intense activity and ALS. (scientificamerican.com)There's no free lunch when it comes to the use of OTC painkillers. (scientificamerican.com)Cigarette sales actually rose in the U.S. last year. (washingtonpost.com)Antibiotic resistance is a growing problem. (statnews.com)BehaviorThe pandemic has changed our calculation of personal space. (scientificamerican.com)There isn't a lot of great data on the use of marijuana to treat anxiety and depression. (wsj.com)Masking your emotions only works up until a point. (theatlantic.com)FoodStartup Everytable uses centralized kitchens to create healthy food at fast food prices. (nytimes.com)America has rekindled its love for mozzarella sticks. (nytimes.com)DrinkThe spiked seltzer market is overstuffed. (axios.com)The hottest cocktail trends of 2021 including 'farm to flask.' (feastandfield.net)SportsAthletes are playing longer and better than any time in history. (si.com)As sports cards become more valuable the risks of fraud are on the rise. (nytimes.com)Why everybody is seemingly playing pickleball these days. (vanityfair.com)CollegeCollege enrollment has plateaued. (bloomberg.com)How the University of Michigan helps first generation students thrive and graduate. (npr.org)Legacy preferences favor the already-advantaged. (rogerlowenstein.substack.com)Earlier on Abnormal ReturnsCoronavirus links: living with Covid. (abnormalreturns.com)Podcast links: playing catch-up. (abnormalreturns.com)What you missed in our Thursday linkfest. (abnormalreturns.com)A full financial tank allows you to have an emergency on your schedule. (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)Mixed mediaWhat Ryan Holliday has learned opening up a small town bookstore amidst a pandemic. (ryanholiday.net)A new law will make it harder to sell art anonymously. (axios.com)David Bowie's song catalog is up for sale. (ft.com).....»»

Category: blogSource: abnormalreturnsOct 30th, 2021

Sunday links: a dangerous feeling

MarketsThe current stock market is a mix of speculative and conservative behavior. (awealthofcommonsense.com)What it would take for the stock and bond markets to have 'dismal returns' simultaneously. (awealthofcommonsense.com)CryptocurrencyRegulators are eyeing stablecoins for bank-like regulation. (wsj.com)The SEC keeps pushing back a potential decision on a Bitcoin ETF. (theblockcrypto.com)Bitcoin first got ATMs, now there are storefronts. (wsj.com)CompaniesEV company Rivian is burning through cash ahead of the IPO. (techcrunch.com)You may be shocked how much Apple ($AAPL) makes on gaming-related revenue. (wsj.com)Facebook ($FB) is in damage control mode. (nytimes.com)FinanceWhile you were sleeping the financial world has changed...a lot. (ritholtz.com)Google ($GOOGL) is no longer planning to add bank accounts. (cnbc.com)A rave review for "The Pay Off: How Changing the Way We Pay Changes Everything" by Gottfried Leibbrandt and Natasha de Teran. (valueandopportunity.com)Stock tradingWhy government officials should be limited in their investment choices. (nytimes.com)The Stock Act isn't doing its job. (npr.org)Prohibitions would save officials from themselves. (ft.com)DemographicsLong term care costs are only going to grow with an aging population. (bloomberg.com)There are no great explanations for the drop in the U.S. birth rate. (aei.org)The college gender gap is a long-term problem. (thereformedbroker.com)PolicyHow to fix the medical residency program to improve health in the U.S. (fullstackeconomics.com)What works around the world for family leave programs. (nytimes.com)Half of all police-related deaths are misclassified. (washingtonpost.com)EconomyThe economic schedule for the coming week. (calculatedriskblog.com)Earlier on Abnormal ReturnsTop clicks this week on the site. (abnormalreturns.com)Coronavirus links: pandemic preparedness. (abnormalreturns.com)Lived experiences affect how we think (and feel) about money. (abnormalreturns.com)On the benefits of leaving room for the unexpected. (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)Mixed mediaThere's no value in being in the office, just for the sake of being in the office. (annehelen.substack.com)You make better first impressions than you think. (bbc.com).....»»

Category: blogSource: abnormalreturnsOct 3rd, 2021

Sunday links: complex career incentives

MarketsThe worst years in the U.S. stock market have historically led to good future returns. (awealthofcommonsense.com)Why the bond bear market may already be over. (pragcap.com)StrategyAn eight-step plan for dealing with a bear market including 'Check your expectations.' (morningstar.com)Seven questions about the economy and stock market including 'How will rapidly rising mortgage rates impact housing prices?' (awealthofcommonsense.com)CryptoWhy this cryptocurrency crash is different. (theatlantic.com)The Ethereum network is getting closer to a big overhaul. (fortune.com)It looks like crypto has its own insider selling problem. (investmentnews.com)CompaniesWhy the downturn could enhance the power of Big Tech. (nytimes.com)How inflation affects companies differently. (aswathdamodaran.blogspot.com)Where Peloton ($PTON) went wrong: assuming the good times would last. (wsj.com)Tesla ($TSLA) has more problems than just a an unhinged CEO. (nytimes.com)StartupsM.G. Siegler, "Timing can make great companies look dumb and dumb companies look great." (500ish.com)Not every startup is in the same boat. (crossstack.substack.com)The private markets are filled with overpriced companies. (howardlindzon.com)It's going to take a while to work through the problems in VC land. (avc.com)GlobalThe case for a global recession is growing. (ft.com)Who won the China-U.S. trade war? Probably Vietnam... (wsj.com)Mum's the word. The NBA is back on in China. (espn.com)PolicyWhat lessons can we take away from the fiscal response to Covid? (stayathomemacro.substack.com)Pandemic relief programs were beset with fraud. (washingtonpost.com)Why so many public health officials left in the wake of the pandemic. (scientificamerican.com)Why does the U.S. Supreme Court still not have a formal ethics code? (theatlantic.com)Mass shooters, by and large, get their guns legally. (nytimes.com)EconomyWhy inflation is likely set to cool, including improving supply chains. (tker.co)The economic schedule for the coming week. (calculatedriskblog.com)Earlier on Abnormal ReturnsTop clicks last week on the site. (abnormalreturns.com)What you missed in our Saturday linkfest. (abnormalreturns.com)Podcast links: identifying talent. (abnormalreturns.com)Things are tough out there. Here is some required bear market reading. (abnormalreturns.com)A Q&A with Brian Feroldi author of “Why Does the Stock Market Go Up.” (abnormalreturns.com)Writing IS thinking. (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)Mixed mediaA review of "Talent: How to Identify Energizers, Creatives, and Winners Around the World," by Tyler Cowen and Daniel Gross. (city-journal.org)Why working through a Covid infection is a bad idea for everyone involved. (annehelen.substack.com)When it comes to hybrid work everyone is just winging it. (nytimes.com).....»»

Category: blogSource: abnormalreturns9 hr. 7 min. ago

Saturday links: staying alive

On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check... AutosCar dealerships are shrinking. (wired.com)The NHTSA estimates that 2021 was the worst year for traffic fatalities since 2005. (autoblog.com)What can be done to get drivers to slow down? (nytimes.com)How ride-sharing changed America's cities. (slate.com)TransportWatercraft and snowmobiles are getting electrified. (nytimes.com)Drones are turning into personal flying machines. (wired.com)EnergyEurope is reorienting toward LNG imports. (ft.com)Europe is planning more offshore wind projects. (protocol.com)A look at startups that are trying widen access to geothermal energy. (fasterplease.substack.com)Floating solar panels make sense, but there is a catch. (fastcompany.com)The energy transition requires investment today. (thetycoonist.com)DroughtThe Western drought is worse than you think. (hcn.org)How the risk of wildfire is set to increase across much of the U.S. (npr.org)The Colorado River is drying up. (washingtonpost.com)EnvironmentZoonotic spillover is a growing threat to humanity. (bloomberg.com)Why many people don't want to be turned into 'climate refugees.' (bbc.com)The Department of Energy are hoping to kickstart four direct air carbon removal projects. (cnn.com)What to look for in an electric mower. (engadget.com)TravelThe pandemic did a number on the airline pilot pipeline. (cnbc.com)When it comes to airport security there are haves and have nots. (vox.com)Would you sign up for a 'surprise trip'? (wsj.com)SpaceRebecca Heilweil, "A single space launch can disrupt hundreds of flights." (vox.com)Boeing's ($BA) Starliner reached the ISS. (businessinsider.com)NASA is sending female test dummies into space to test the effects of radiation on them. (axios.com)How long term space missions affect the brain. (bigthink.com)ScienceHumpback whales are getting pushed around by human activity. (hakaimagazine.com)Another example, i.e. SIDS, of how science reporting can be misleading. (emilyoster.substack.com)Technology911 is getting an upgrade for the cellphone era. (vox.com)Does Web3 fix Web2? (vox.com)HealthFentanyl-laced pills purchased online are a big source of overdose deaths. (nytimes.com)Clinical trials suffer from a lack of diversity. (statnews.com)Puberty is happening sooner for girls, but no one is really sure why. (nytimes.com)Some old rich guys are pumping themselves up with testosterone. (gq.com)Covid vaccinesThe booster debate has become hopelessly muddled. (nytimes.com)The FDA has approved booster shots for 5-11 year olds. (statnews.com)Another sign that mix-and-matching boosting increases efficacy. (arstechnica.com)What happens if the government stops buying Covid vaccines? (statnews.com)CovidThere are still big geographic disparities in Covid fatality rates. (npr.org)Omicron reinfections seem pretty common. (nytimes.com)The FDA has rejected the use of fluvoxamine as a Covid treatment. (vox.com)Most long Covid cases are not amongst the previously hospitalized. (nytimes.com)Crushing fatigue is the number one complaint of long Covid patients. (wsj.com)We really don't have a good handle on Covid infections. (washingtonpost.com)We aren't doing enough to prevent Covid deaths. (erictopol.substack.com)RestaurantsNo one should be surprised that the Restaurant Revitalization Fund is officially dead. (eater.com)A look at the struggles restaurants are having keeping workers. (qz.com)The best performing restaurants have invested in worker pay. (reasonstobecheerful.world)Restaurants in Canada are also struggling to find workers. (bnnbloomberg.ca)AgricultureBiodigesters require scale to be feasible. (modernfarmer.com)High wind is complicating the Spring planting season. (modernfarmer.com)SportsThe Rugby World Cup is headed to the U.S. (theguardian.com)Half of the EPL will soon be owned by Americans. (bloomberg.com)MLS is ready to displace the NHL as the fourth major U.S. sport. (huddleup.substack.com)Earlier on Abnormal ReturnsWhat you missed in our Friday linkfest. (abnormalreturns.com)Podcast links: identifying talent. (abnormalreturns.com)Things are tough out there. Here is some required bear market reading. (abnormalreturns.com)A Q&A with Brian Feroldi author of “Why Does the Stock Market Go Up.” (abnormalreturns.com)Writing is thinking. (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)Mixed mediaA summer book reading list including "How Lucky" by Will Leitch. (whyisthisinteresting.substack.com)Babysitters are making bank these days. (wsj.com).....»»

Category: blogSource: abnormalreturnsMay 21st, 2022

Personal finance links: investor psyches

Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the... PodcastsPeter Lazaroff talks with Daniel Crosby about what people get wrong about investing. (peterlazaroff.com)Frederick Geischen talks with Nick Maggiulli about his new book "Just Keep Buying." (neckar.substack.com)RetirementTen rules for retirement including 'Learn to say "no" without guilt." (humbledollar.com)People are working part-time in retirement for more than just the money. (marketwatch.com)Why it matters what you call the next phase of your life. (nextavenue.org)How to earn 'psychic income' in retirement. (humbledollar.com)InvestingThe current market environment is a good reminder of sequence of returns risk. (morningstar.com)Most investors don't need to take on duration risk. (humbledollar.com)Markets, and life, are always in turmoil. (tonyisola.com)Personal financeDarius Foroux, "The problem with budgeting is that it puts us in a scarcity mindset." (dariusforoux.com)A Q&A with Brian Feroldi author of “Why Does the Stock Market Go Up.” (abnormalreturns.com)'Enough' is a feeling, not a number. (indeedably.com)Why we get happiness all wrong. (nytimes.com)Beware 'faux financial planning.' (advisorperspectives.com)You never forget your first job. (humbledollar.com).....»»

Category: blogSource: abnormalreturnsMay 18th, 2022

Social Media Companies Vowed To Stop Videos of Terror Attacks. Buffalo Showed They Have More Work To Do

Three years after social media platforms committed to put an end to viral videos of terrorist attacks on their platforms, the attack in Buffalo, New York, has revealed that their efforts are still a work in progress. A self-professed white supremacist targeted Black shoppers at a Buffalo supermarket on Saturday, killing 10 people and injuring… Three years after social media platforms committed to put an end to viral videos of terrorist attacks on their platforms, the attack in Buffalo, New York, has revealed that their efforts are still a work in progress. A self-professed white supremacist targeted Black shoppers at a Buffalo supermarket on Saturday, killing 10 people and injuring three others, in what authorities said was a racist attack. He livestreamed his rampage via Twitch, a streaming platform owned by Amazon. Twitch said it took down the broadcast within two minutes of the violence starting—but that was enough time for copies of the video to be downloaded and shared widely on social media platforms over the weekend. [time-brightcove not-tgx=”true”] Many versions of these videos had been edited—with added text or blurring or cropping—in apparent successful attempts to evade the platforms’ automated removal systems, according to Jacob Berntsson, the head of policy and research at Tech Against Terrorism, a U.N.-backed project for countering online extremism. Copies of the video were circulating on Twitter and Facebook on Saturday and Sunday, according to multiple media reports. “He knew that as long as there was time for people to watch and download, then this would spread [online] regardless of how quickly Twitch took it down,” said Berntsson in an interview on Monday, referring to the attacker. “Clearly an audience was ready and prepared to download this kind of stuff.” The Buffalo shooter had openly shared his plans to target people of color in a livestreamed mass shooting for months on the chat app Discord, according to Bloomberg. He used the app to point people toward his livestream on Twitch, the report said. Discord did not respond to a request for comment. Inspired by previous attacks Live-streamed attacks by white supremacists are a potent radicalization tool for future extremists, and platforms have struggled to remove edited copies of the videos of past attacks. In March 2019, a white supremacist gunman in New Zealand massacred 51 people at two mosques in the city of Christchurch, livestreamed on Facebook. Months later, a man with a camera on his helmet attacked a synagogue in Halle, Germany, killing two and injuring two others, livestreamed on Twitch. Videos of both attacks were shared widely on social media platforms, prompting a game of whack-a-mole between tech companies and users. Read More: ‘A Game of Whack-a-Mole.’ Why Facebook and Others Are Struggling to Delete Footage of the New Zealand Shooting The Buffalo shooter was directly radicalized by those videos. In a manifesto posted online shortly before the attack, seen by TIME, the Buffalo shooter said that he was inspired by the Christchurch attacker’s politics, and that he decided to live stream his own attack in order to inspire others. He also said he chose to stream on Twitch because it had taken the platform 35 minutes to remove the livestream of the Halle attack. Compared to the Halle attack, the two minutes that it took Twitch to remove the video of the Buffalo attack speaks to the progress tech companies have made since 2019. “That’s a very strong response time considering the challenges of live content moderation, and shows good progress,” Twitch said in a statement to TIME on Monday, adding that it was working hard to stop copies of the video being uploaded. Facebook’s parent company, Meta, and Twitter said that they had designated the videos under their violence and extremism policies shortly after the shooting, and were removing copies of it from their platforms, as well as blocking links to external sites where it was hosted. Read More: ‘There’s No Such Thing As a Lone Wolf.’ The Online Movement That Spawned the Buffalo Shooting Still, despite their progress, tech companies’ work so far has not been enough to stop the spread of these videos—either before they occur, during the livestream, or in the places where copies of the video are being reuploaded. “I’ll blame the platforms when we see other shooters inspired by this shooter,” says Dia Kayyali, the associate director for advocacy at digital rights group Mnemonic. “Once something is out there, it’s out there. That’s why the immediate response has to be very strong.” How platforms are cooperating to stop terrorist content The biggest platforms are now collaborating far more closely than they were at the time of other livestreamed terror attacks. In the immediate wake of the New Zealand attack, many of the world’s biggest social media platforms signed onto the “Christchurch Call,” a commitment to stamp out the spread of terrorist content online. Through an industry group, the Global Internet Forum to Counter Terrorism (GIFCT), the platforms are sharing identifying data about the Buffalo shooter’s video and manifesto between them in order to make it easier to remove from their sites. Through GIFCT, platforms share encoded versions of of terrorist content, known as hashes, that they have removed from their sites, allowing, for example, Facebook to quickly and easily remove a copy of a terrorist video that had only appeared on Twitter up to that point. Hashing is an efficient way of representing a video, photograph or other document as a string of numbers, instead of sharing the file itself. It is impossible to recreate a piece of content from its hash code, but identical content will always return the same hash code if run through the same hashing algorithm. If the hash code of a new piece of content is matched to an entry in a hash database of known illegal content, the tech companies can remove the content even if their own staff have never come across it before. This makes hashing a good way for different platforms to share information about illegal content, such as terrorist propaganda or child abuse imagery, without having to distribute these files among themselves. Members include Facebook, YouTube, Amazon, Twitter and Discord. The problem with hashing, however, is that a bad actor only needs to alter the file a small amount—for example by changing its color profile, or cropping the picture—to return a totally different hash code, and thus evade the platforms’ automated removal mechanisms. So, three years after the Christchurch attack, the only tool required to fool the platforms’ automated systems for removing terrorist content is basic video editing software, plus some persistence. This is known as “adversarial” behavior and makes the problem of scrubbing terrorist content from the internet far more difficult, according to Kayyali and Berntsson. Read More: These Tech Companies Managed to Eradicate ISIS Content. But They’re Also Erasing Crucial Evidence of War Crimes While hashing’s shortcomings are not the root cause of the problem, some counterterrorism experts say they are one of the core weaknesses in the platforms’ current joint approach to terrorist content. “The patchy response from various platforms that are [members] of the hash-sharing database arguably suggests that improvements can be made,” Berntsson says. “Platforms should be able to handle this, but it still speaks to the fact that there are groups of people who are quite committed to circumventing the moderation tools that are in place.” In a statement, a Meta spokesperson said that hash-sharing is only a small part of the company’s approach to dealing with the Buffalo video. The company has teams of human moderators looking for copies that have slipped through, and has also uploaded copies of the video and manifesto to its own internal databases. The company says it uses machine learning tools to catch lookalike copies of videos in the database even if they have been altered—although it’s clear from the video’s proliferation that these tools are not 100% accurate. But beyond hash sharing, the gains made by Meta’s computational resources and workforce will only help remove copies of the video from Meta’s own platforms, not other social media sites like Twitter, Twitch or TikTok. This means many companies are duplicating the work needed to identify and take down altered copies of the videos, at a time when human bandwidth is often the bottleneck in terms of enforcement against terrorist content. A GIFCT spokesperson told TIME on Monday that the group was exploring ways other than hashing of sharing information about terrorist content between platforms, but said that those explorations had not progressed past their earliest stages. Some in the sector have lost patience with the platforms. “I’m sure there’s issues with people remixing content and only posting a clip of it, and all of the tricks that we know to try to evade automatic detection,” says Kayyali, who sits on civil-society advisory boards for both the Christchurch Call and GIFCT. “But still, I want to hear exactly the technical explanation from GIFCT about how it was possible that hours after [they shared hashes of the video among the platforms] the video was still out there.” A wider problem Even if big tech platforms could scrub terrorist content entirely, it still flourishes on smaller platforms. As the shooter’s open planning on Discord showed, many of the people circulating the video are likely collaborating through private messaging channels and smaller social networks. Only 22 people watched the Buffalo attacker’s Twitch stream in real time, according to the Washington Post. But this was all it took for some of them—presumably directed to the stream by the attacker himself on Discord—to download and spread the video far and wide. Most experts say that in addition to the big platforms, governments and the media also have a role to play. Under current U.S. law, domestic terrorists are not designated as terrorists in the same way that, for example, Islamist extremists are. This means platforms don’t have the legal certainty that they do when dealing with content from Al Qaeda and ISIS, which they have largely succeeded in scrubbing from their platforms. “Designation can help provide some more legal certainty and clarity for companies,” says Berntsson. His organization Tech Against Terrorism has its own tool similar to GIFCT for alerting platforms to terrorist content. And while the shooter said in his manifesto that he had been radicalized by the video circulating online of the Christchurch attack, racist conspiracy theories have entered into the political mainstream via other channels, including cable television. The Buffalo shooter spoke in his manifesto about his belief that white people were being intentionally replaced in the U.S. by people of other races—a conspiracy theory that has recently been picked up, and amplified, by the Fox TV show host Tucker Carlson and Republican politicians. “It doesn’t start when this individual presses ‘stream’ on Twitch,” says Berntsson. “It starts long before.” – WITH REPORTING BY VERA BERGENGRUEN/WASHINGTON, D.C......»»

Category: topSource: timeMay 17th, 2022