Quote of the Day
"A belief that consistent outperformance from an active fund manager is an indication of skill that is likely to persist is not only wrong, but also dangerous."
(Joe Wiggins)
Inflation
- Maybe you are thinking about inflation wrong. (ofdollarsanddata.com)
- Should surging inflation change how you think about the 4% rule? (wsj.com)
Finance
- Wall Street has new competition for talent. (neckar.substack.com)
- A review of "Damsel in Distressed: My Life in the Golden Age of Hedge Funds" by Dominique Mielle. (blogs.cfainstitute.org)
Venture capital
- People have been calling the tech startup scene a bubble for well over a decade. (nytimes.com)
- With valuations at-risk, venture debt may look more attractive to startups. (institutionalinvestor.com)
- Five insights from Sebastian Mallaby's "The Power Law: Venture Capital and the Making of the New Future." (nextbigideaclub.com)
- What's the story behind the a16z START program? (techcrunch.com)
Funds
- What's behind the deal between T Rowe Price ($TROW) and Charles Schwab ($SCHW). (riabiz.com)
- Why active management is so challenging. (advisorperspectives.com)
Demographics
- Why China may have already reached peak population. (ft.com)
- Japan's family businesses are hitting dead ends with no heirs. (ft.com)
Housing
- Four reasons why the housing market won't crash. (awealthofcommonsense.com)
- Many renters are losing hope of ever buying a house of their own. (bloomberg.com)
- Housing starts are on the rise. (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Part one of my Q&A with Eric Balchunas author of "The Bogle Effect." (abnormalreturns.com)
- Research links: market expectations. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: financial literacy efforts. (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)
