Quote of the Day
"Investing is the only way to acquire real investment knowledge — and an understanding of risk. The sooner young people start the better."
(Moira O’Neill)
Markets
- Stock market rotation is always happening, sometimes more dramatically than others. (ritholtz.com)
- Although less dramatic, the muni bond market experienced a big rebound in the past year. (morningstar.com)
Strategy
- When stock market bottoms happen, it's only obvious in hindsight. (awealthofcommonsense.com)
- Even when you win: an example of why picking stocks is difficult. (theirrelevantinvestor.com)
- What to do in the face of low expected returns. (monevator.com)
- Even Warren Buffett makes mistakes. (barrons.com)
Crypto
- Coinbase is experiencing customer service issues as it grows. (nytimes.com)
- Coinbase competitor, Blockchain.com just raised a big round of new capital. (wsj.com)
- The Bitcoin power issue isn't going away. (bloomberg.com)
Intel
- Intel's ($INTC) new CEO is trying to revamp the company strategy. (wsj.com)
- Ben Thompson, "Gelsinger has only been in the job for 37 days (38 today), yet is already delivering the most sweeping overhaul of Intel’s business since Andy Grove and Gordon Moore got the company out of memory thirty-five years ago. That is, frankly, the best execution that Intel has demonstrated in years." (stratechery.com)
- It's going to involve spending big on two new fabs. (nytimes.com)
Taiwan Semiconductor
- You can't talk about semicondutor production without mentioning Taiwan Semi ($TSM). (arstechnica.com)
- Taiwan Semi ($TSM) is not resting on its laurels as market leader. (ft.com)
Streaming
- ViacomCBS ($VIAC) is raising a big slug of capital to invest in Paramount+. (hollywoodreporter.com)
- Roku ($ROKU) is pushing farther into the realm of original content. (variety.com)
- Netflix ($NFLX) is testing a move away from the binge-only model. (thestreamable.com)
- Why Disney ($DIS) pushed the 'Black Widow' premiere back. (vox.com)
Food
- Alternative meat producers are going to have to cut prices to take market share. (ft.com)
- After a dismal decade, the pandemic was good for business at Kraft Heinz ($KHC). (ft.com)
- How Yum Brands' ($YUM) Taco Bell built a vegan following. (marker.medium.com)
Funds
- Investors are pretty hands off when it comes to target-date funds, maybe too hands off. (institutionalinvestor.com)
- Vanguard is going to do share splits for some of its ETFs. (investmentnews.com)
Economy
- Don't be surprised if you pay $3+ for gasoline this Summer. (wsj.com)
- Why it matters how Americans react to a rise in inflation. (nytimes.com)
- Another sign of a hot real estate market: multiple offers. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: improper framing. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: a few simple rules. (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)
