Quote of the Day
"Investors should integrate the occasional, but expected, schizophrenic gales of volatility into their strategy by adding necessary buffers."
(Rubin Miller)
Chart of the Day
Commodity prices have moved a long way in a short amount of time.
Markets
- Why the stock market can seem heartless in the face of war and tragedy. (awealthofcommonsense.com)
- What war has historically meant for investors. (investoramnesia.com)
- The stock market is important but don't forget the human face of war. (nytimes.com)
Strategy
- Jason Zweig, "Hasty decisions are often wrong, and big hasty decisions almost always are." (wsj.com)
- Sam Ro, "With every trade comes not one, but two decisions. If you decide to buy, then you also have to know under what conditions you would decide to sell." (tker.co)
- Some quotes worth considering including “Some things have to be believed to be seen.” by Ralph Hodgson. (collaborativefund.com)
Berkshire Hathaway
- A link to Warren Buffett's 2021 shareholder letter. (berkshirehathaway.com)
- Berkshire Hathaway ($BRK.A) has repurchased some 9% of its shares over the past two years. (marketwatch.com)
- Warren Buffett isn't in any hurry to spend down his cash hoard. (bloomberg.com)
- Insights from Berkshire Hathaway's ($BRK.A) including a breakdown of share repurchases. (rationalwalk.com)
- In case you've never heard Charlie Munger speak. (howardlindzon.com)
Policy
- What's driving racial wealth inequality? (morningstar.com)
- "Stand your ground" laws had led to an increase in homicides. (washingtonpost.com)
- How the Scandinavian countries are boosting birth rates. (bloomberg.com)
- American mobility is in secular decline. (vox.com)
Economy
- Companies are not shy about raising pricing in this economy. (nytimes.com)
- Despite advances, the U.S. is not immune from oil price shocks. (nytimes.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: viral churn. (abnormalreturns.com)
- When simplicity trumps complexity. (abnormalreturns.com)
- Striking out on your own with confidence. (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
- Financial sanctions, like the ones currently being contemplated, are complicated and have many potential knock-on effects. (theatlantic.com)
- How the Internet both clarifies and obfuscates what is happening on the ground in Ukraine. (garbageday.email)
- How to live in a world seemingly gone mad. (primecuts.substack.com)
