Future Proof is just around the corner! It is going to be unlike any financial event you have ever attended. You can still sign up to participate in the world’s first wealth festival.
Quote of the Day
"The biggest lie these platforms feed us is the idea of them being “social media” and “social networks.”
(Om Malik)
Chart of the Day

Emerging market equities have undeperformed the U.S. for well over a decade.
Markets
- Which industry sector ETFs have bounced back the most? (allstarcharts.com)
- The decline in the pandemic's biggest winning stocks have gotten crushed. (theirrelevantinvestor.com)
Market history
- Modern market data is a relatively recent phenomenon. (awealthofcommonsense.com)
- The past always looks explainable in hindsight (ritholtz.com)
Strategy
- Some good (and bad) reasons people pick individual stocks. (neckar.substack.com)
- Good luck will only save a bad investment process for so long. (novelinvestor.com)
- There's no such thing as a perfect investor. (bestinterest.blog)
Future Proof
- Future Proof is almost here! Why it is unlike any finance conference ever. (ritholtz.com)
- Future Proof is likely the 'best advisor event of the year.' (theirrelevantinvestor.com)
Finance
- What would FTX be worth in an IPO? (barrons.com)
- Why the debates about 'free trading' are misplaced. (advisorperspectives.com)
Streaming
-
Are Amazon's 'The Lord of the Rings' and
HBO Max’s 'House of the Dragon' peak streaming?
(ft.com) - Netflix ($NFLX) isn't interested in theatrical releases for big budget movies like the 'Knives Out' sequel. (variety.com)
- Movie theaters have a supply problem. (variety.com)
Economy
- Weekly initial unemployment claims have stopped going up. (bonddad.blogspot.com)
- Newly laid off workers are not staying unemployed for long. (wsj.com)
- The Federal Reserve is getting its way with the economy. (tker.co)
- The housing market is in recession. (housingwire.com)
- Active home inventory is up 25% over the past year. (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Longform links: misplaced talent. (abnormalreturns.com)
- Personal finance links: a major shift. (abnormalreturns.com)
- Be wary relying on future generations to implement your philanthropic goals. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: multiple expansion. (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)