Quote of the Day
"Star managers offer a compelling but dangerous narrative: the vividness of their stories masks the low statistical odds that you will pick the one that succeeds."
(Hugo Cox)
Chart of the Day
30 year mortgage rates are now well above 4.0%. (via Freddie Mac)
Markets
- Value stocks can still do well in a rising rate environment. (institutionalinvestor.com)
- The situation in Russia puts in stark relief the question investors need to ask themselves a about investing in China. (ritholtz.com)
- The Tuttle Capital Short Innovation ETF ($SARK) has feasted on the pain in $ARKK. (citywireusa.com)
Apple
- Apple ($AAPL) is crypto's biggest wild card. (washingtonpost.com)
- A rave review for the new Apple ($AAPL) Mac Studio. (wired.com)
- Very few people will need more power than the new Mac Studio. (arstechnica.com)
- However the Studio Display is another story. (theverge.com)
Companies
- On a revenue basis, Salesforce ($CRM) trades on par with Oracle ($ORCL). (theinformation.com)
- Expect to see more cybersecurity acquisitions in 2022. (news.crunchbase.com)
Streaming
- MGM is now a part of Amazon ($AMZN). (variety.com)
- Netflix ($NFLX) is testing new ways to crack down on password sharing. (npr.org)
- Netflix’s ‘Drive to Survive’ is driving interest in Formula One. (morningconsult.com)
Ukraine
- Ukraine is winning the information war. (washingtonpost.com)
- A first-hand account of a recent battle in Voznesensk. (wsj.com)
- An estimated 200,000 Russians have left the country since the onset of war. (bloomberg.com)
Economy
- Housing starts are outpacing completions. (calculatedrisk.substack.com)
- Building supplies are putting a lid on the housing market. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Longform links: accepting some risks. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: attaining tranquility. (abnormalreturns.com)
- Words matter. (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)
