Quote of the Day
"Chess and investing are unrelated at the most foundational element: investing, like life, is endlessly uncertain. Chess is complex, but not random."
(Rubin Miller)
Markets
- A low unemployment rate has historically not been great for stocks. (compoundadvisors.com)
- Higher interest rates could allow pension funds to de-risk their portfolios. (klementoninvesting.substack.com)
Strategy
- In investing prefer consistency and discipline to speed. (safalniveshak.com)
- Why matching assets and liabilities reduces behavioral errors. (pragcap.com)
Companies
- Netflix ($NFLX) is in damage control mode. (variety.com)
- Matt Levine, "Elon Musk is very impulsive, but that doesn’t mean Twitter's board has to be." (bloomberg.com)
Finance
- Companies with high debt levels are going to see interest costs rise with short-term rates. (wsj.com)
- Goldman Sachs ($GS) CEO and partners are taking a cut of profits from the firm’s private investment funds. (wsj.com)
Funds
- Is the WisdomTree U.S. Efficient Core Fund ($NTSX) a better alternative than 60/40? (morningstar.com)
- The Roundhill Cannabis ETF ($WEED) launched today. (bloomberg.com)
Economy
- A big chunk of economics looks different when you relax the assumption of 'homo economicus.' (ritholtz.com)
- Economists and regular people view inflation differently. (stayathomemacro.substack.com)
Earlier on Abnormal Returns
- Personal finance links: winning the game. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: market expectations. (abnormalreturns.com)
- Part one of my Q&A with Eric Balchunas author of "The Bogle Effect." (abnormalreturns.com)
- Part two of my Q&A with Eric Balchunas author of "The Bogle Effect." (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)
