Quote of the Day
"If investing is hard, managing an investment firm is harder."
(Marc Rubenstein)
Markets
- Keep an eye on bonds for what is happening now. (thereformedbroker.com)
- Stocks and bonds can, and will, fall at the same time. (evidenceinvestor.com)
- An acronym doth not a viable investment strategy make. (ft.com)
- How long do bear markets typically last? (awealthofcommonsense.com)
Value
- The value factor is the only thing working this year. (capitalspectator.com)
- The big indices would be down a lot more if were not for the likes of ExxonMobil ($XOM). (theirrelevantinvestor.com)
Strategy
- Don Phillips, "Complexity, concentration, leverage, and illiquidity are the four horsemen of the investor apocalypse..." (morningstar.com)
- We will soon see if buying Bitcoin with leverage was a good strategy. (ft.com)
Venture capital
- There's still plenty of room for SaaS stocks to fall. (tomtunguz.com)
- This could be multi-year retrenchment for VCs. (axios.com)
- The tech industry has been slow to grasp the changing market dynamics. (ft.com)
- Venture capital is pouring into the therapy space. (wsj.com)
Economy
- More signs of slowing new housing demand. (calculatedrisk.substack.com)
- Rising home equity, low unemployment are the basis of a booming economy. (nytimes.com)
Earlier on Abnormal Returns
- Research links: financial BS. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: demanding humility. (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)
