Quote of the Day
"Too much of our personal finance infrastructure becomes adversarial through its complexity."
(Ron Lieber)
Strategy
- Jason Zweig, "We need to realize, though, that when we look back at the past, we don’t recapture it; we reconstitute it. We turn it into something it never was: clear from the start." (wsj.com)
- Ben Carlson, "Surviving bear markets requires you to manage both volatility and your emotions." (awealthofcommonsense.com)
Companies
- Amazon ($AMZN) is rightsizing its warehouse plans. (bnnbloomberg.ca)
- Disney ($DIS) is a rare miss for Warren Buffett. (trungphan.substack.com)
- The UBS-Wealthfront deal has fallen apart. (investmentnews.com)
ETFs
- Single-stock ETFs are coming for foreign stocks. (etf.com)
- John Bogle would have hated single-stock ETFs. (morningstar.ca)
Policy
- Unpaid caregiving is a drag on labor force participation. (nytimes.com)
- The jobs situation is unlikely to get better until immigration is increased. (axios.com)
- State budget surpluses are in danger of going away. (politico.com)
- The benefit of larger university endowments don't accrue to students. (marginalrevolution.com)
- The Capitol Police are still recovering from January 6th. (politico.com)
Economy
- Can national home prices decline? (calculatedrisk.substack.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)
