Quote of the Day
"Stocks make wild moves when stories overpower fundamentals, but the stories are so good that we never notice until after the fact."
(Jack Raines)
Chart of the Day
Interest rates are at levels not seen since before the pandemic. (chart via @ycharts)
Rates
- The amount of negative rate bonds are shrinking rapidly. (bloomberg.com)
- Bond returns are off to a bad start to the year. (compoundadvisors.com)
- Outflows from high yield bond funds are on the rise. (ft.com)
Strategy
- Eight of the biggest investing myths including 'A higher yield makes for a safer investment.' (awealthofcommonsense.com)
- Is it too easy for individuals to buy individual stocks? (bloomberg.com)
Crypto
- The Super Bowl is going to be filled with crypto ads. (wsj.com)
- Why crypto companies have targeted sports. (fastcompany.com)
- iTrust Capital, with a new big fundraising round, is looking to bring tax-sheltered crypto to the masses. (riabiz.com)
Finance
- Investor relation departments are having a hard time reaching individual investors. (wsj.com)
- How to listen to more company earnings calls. (theirrelevantinvestor.com)
- Insurers are raising rates to cover the increasing risks from climate change. (ft.com)
- A new investment bank is using the Salomon Brothers moniker. (fortune.com)
Economy
- Why the Covid recession was different. (theatlantic.com)
- Housing affordability is on the decline. (calculatedrisk.substack.com)
- Businesses are doing all they can to hold onto workers. (washingtonpost.com)
- Other countries have not seen the dip in employment like the U.S. (wsj.com)
Earlier on Abnormal Returns
- Adviser links: moneyed interests. (abnormalreturns.com)
- What we can from Mackenzie Scott about donating money with intention. (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 media
- Ravi Gupta, "I think of culture as the unwritten contract with your team." (rkg.blog)
- Frank Slootman's new book "Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity" is 'part personal history, part management philosophy, all intensity.' (tomtunguz.com)
- What go back to the office if you can have an off-site instead? (wsj.com)
- Do job interviews still matter? (marginalrevolution.com)
