Quote of the Day
"No matter who you are, at many points during your investing life owning stocks will make you feel stupid."
(Howard Lindzon)
Strategy
- A pause in the market rally gives investors a chance to breath. (thereformedbroker.com)
- Joe Wiggins, "Much of our investment activity involves doing things that make us feel good in the moment. We can then repent at leisure." (behaviouralinvestment.com)
- Are you prepared for a period of international outperformance? (allstarcharts.com)
Crypto
- Crypto.com has now committed $500 million to its venture arm. (blockworks.co)
- The idea behind DeFi. (economist.com)
Companies
- Intel ($INTC) is at a reckoning point. TSMC ($TSM) is pushing them along the way. (stratechery.com)
- Microsoft ($MSFT) is buying Activision Blizzard ($ATVI). (wsj.com)
Funds
- DFA is already the largest active ETF manager. (bloomberg.com)
- Bridgewater Associates is still the top earning hedge fund of all-time. (ft.com)
Global
- China's continued pursuit of a zero Covid strategy will ripple through the global supply chain. (nytimes.com)
- The demographic transition in China is accelerating. (nytimes.com)
Economy
- Why inflation is likely at, or near, a peak. (pragcap.com)
- National homebuilder sentiment remains at elevated levels in January. (calculatedriskblog.com)
- Inflation expectations don't tell us much about future inflation. (klementoninvesting.substack.com)
Earlier on Abnormal Returns
- Research links: inconsistent indexing. (abnormalreturns.com)
- Adviser links: more managed relationships. (abnormalreturns.com)
- Learning from your money mistakes. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- The most-read items 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)
