Wednesday Reading List
Stuff worth sharing from the past week
Schwab’s Chief Investment Strategist with her latest piece addressing whether the market has gotten ahead of itself, what to make of stock valuations today, and whether the S&P 500 is at risk due to the concentration in its top 5 names.
Running on Faith: Are Stocks Discounting Too Powerful an Earnings Recovery? by Liz Ann Sonders
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A weaker dollar impacted tech stocks recently. This article does a great job explaining how the dollar’s strength impacts stocks.
Another Reason Tech Stocks Tanked: A Weak Dollar by Ben Levisohn
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Are trendy growth stocks too expensive and risky, or do their valuations make sense? This is an important question for investors today.
The Bubble 500 – Are the stock prices of trendy growth stocks justified by fundamentals? by Verdad
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“The Internal Revenue Service today announced its annual “Dirty Dozen” list of tax scams with a special emphasis on aggressive and evolving schemes related to coronavirus tax relief, including Economic Impact Payments.”
IRS unveils “Dirty Dozen” list of tax scams for 2020
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Lost in the passive/active investment debate is the impact on corporate governance when companies are owned by index funds. This is worth a read.
Dumb Index Cash is Paving the Way for ‘Suspect’ Stock Buybacks by Sam Potter
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“When the Iowa Attorney General’s Office began investigating an unclaimed lottery ticket worth millions, an incredible string of unlikely winners came to light – and a trail that pointed to an inside job.”
The Man Who Cracked the Lottery by Reid Forgrave
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The Silna brothers owned an ABA franchise and negotiated a buyout of it during the NBA merger that you won’t believe without reading this story. It tops Bobby Bonilla day.
The Greatest Business Deal In Sports History by Joseph Pompliano