Quote of the Day
"Momentum cuts both ways. There is a price that must be paid by those striving for exceptional returns. To pretend otherwise is to be ignorant of 5,000 years of history."
(Joshua Brown)
Strategy
- Why you need to know the counterargument for any investment. (mrzepczynski.blogspot.com)
- When nominal returns confuse the situation. (elmwealth.com)
Crypto
- Why DeFi has a lot of runway. (blogs.cfainstitute.org)
- Is there a class of Bitcoin investors who outperform? (alphaarchitect.com)
Apple
- Everything that Apple ($AAPL) announced at WWDC 2022. (wired.com)
- Apple ($AAPL) is pushing hard on revamping the Mac line. (creativestrategies.com)
- Should the BNPL companies be worried about the Apple Pay Later? (macrumors.com)
Finance
- The SEC is nearing a new set of rules that would remake the equity markets. (wsj.com)
- Demand for the CFA program has fallen off. (on.ft.com)
Fund management
- The active-passive debate largely rests on fees. (morningstar.com)
- There's more to an index fund than just the expense ratio. (advisorperspectives.com)
- What fund managers call ESG differs across regions. (klementoninvesting.substack.com)
Economy
- Claudia Sahm, "We are not in a recession." (stayathomemacro.substack.com)
- The hot jobs market is drawing people away from college. (nytimes.com)
- A hot jobs market need not end in tears. (qz.com)
Earlier on Abnormal Returns
- Research links: extreme success. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: labeling the conversation. (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)
