Quote of the Day
"You could make the argument that once you make an obscene amount of wealth it could actually leave you unhappy."
(Ben Carlson)
Chart of the Day

For a couple of years, Netflix was worth more than Exxon Mobil. Not so much any more.
Markets
- Eight charts that show the market isn't very fun right now. (theirrelevantinvestor.com)
- The late John Neff on 'sticking to your guns' as a value investor. (novelinvestor.com)
Crypto
- Crypto hacks just keep getting bigger and bolder. (wsj.com)
- Crusoe Energy Systems is using flared gas to power Bitcoin mining. (axios.com)
- The price of crypto-themed ETFs keeps coming down. (etf.com)
Companies
- Why AT&T ($T) is happy to have a simplified business. (variety.com)
- Why Twitter ($TWTR) needs a white knight. (500ish.com)
- How CNN+ went wrong, so fast. (nytimes.com)
Startups
- Tech stock weakness is feeding through the secondary market in startup shares. (institutionalinvestor.com)
- Startups are resetting their expectations for pricing. (theinformation.com)
- Why startups need to be proactive when it comes to pay. (protocol.com)
Money markets
- Why the yield on money market mutual funds is lagging the rise in rates. (wsj.com)
- Banks are in no hurry to raise deposit rates. (bloomberg.com)
Fund management
- Why the Bloomberg terminal remains integral to asset managers. (ft.com)
- Mental health issues are not something discussed much in asset management. (institutionalinvestor.com)
Policy
- The case for making the child tax care credits permanent: it worked. (nytimes.com)
- Congress will have to do more to get more employees signed up for retirement savings plans. (morningstar.com)
- Secure 2.0 does little to help the average worker save more for retirement. (washingtonpost.com)
- A catch-22 in gun policy: people buy more guns after a mass shooting. (econofact.org)
- Guns now kill more children than auto accidents. (npr.org)
Inflation
- People hate inflation more than economists can fathom. (economist.com)
- How much faster has inflation been in the U.S. vs. Europe? (econbrowser.com)
Economy
- Sam Ro, "For now, despite high inflation, rising interest rates and geopolitical uncertainty, the economy most certainly doesn’t seem to be headed for a recession any time soon." (tker.co)
- The housing market is more precarious at any time since the GFC. (pragcap.com)
- The reversal of globalization is making the world more complicated. (mrzepczynski.blogspot.com)
- How much is opioid abuse holding back labor force participation? (axios.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: massive misinformation (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)