Tuesday news drop
Who Really Created the Marvel Universe? Stan Lee presided over a world of superheroes, but his collaborators and readers sustained his vision—and his characters outlasted it. (New Yorker)
A Record Number of New Retail Investors Signed Up in 2020 They’re younger, more diverse, and they go to their friends and family for investment advice, a new report confirms. (CIO)
Some Friendly Reminders About Day Trading There will always be winners and losers in the stock market, even for those who aren’t day-trading. This is simply the zero-sum nature of transacting in a market like this. For every buyer, there has to be a seller and vice versa. But day-traders face a much higher hurdle rate than long-term investors for a couple of reasons: (A Wealth of Common Sense)
Family of novice investor who killed himself sue Robinhood Robinhood has drawn criticism in its drive to bring more regular people into investing (Investment Executive)
Why people love to hate Robinhood Robinhood is loved not only by the trading newbies who are downloading the app at a record pace, but also by Wall Street investors who have recently sunk $3.4 billion into the company. The online brokerage has also been relentlessly attacked, however, by everybody from Alexandria Ocasio-Cortez to Ted Cruz and Mark Cuban. (Axios)
How to Win at the Stock Market by Being Lazy The drama of GameStop is misleading; the surer path to wealth is extremely boring (New York Times)
More Than Two Dozen Funds Returned More Than 100% Last Year. Here’s Why That’s Not Good News. The top performers of 2020 are mostly concentrated growth funds from a handful of firms. While doubling your money is a win for current investors, these outsize gains pose problems for potential investors trying to evaluate these funds. (Barron’s)
Silicon Valley Won’t Last Forever, and Texas Knows It The birthplace of Dell and TI has been quietly building its tech industry since the 1930s. Now it has the chance to move into the spotlight. (Bloomberg)
Riding out the pandemic on Lake Ontario Surfers brave frigid waters to wash COVID stress away (CBC)
