Quote of the Day
"One of the strongest forces in the world is the urge to keep doing things as you’ve always done them, because people don’t like to be told they’ve been doing things wrong."
(Morgan Housel)
Markets
- Sam Ro, "None of Wall Street’s most prominent stock market strategists saw this year’s sell-off coming." (tker.co)
- Bull and bear markets don't always line up with earnings. (awealthofcommonsense.com)
- Investing means living with drawdowns. (compoundadvisors.com)
Strategy
- Why it's so hard to quit a stock that isn't working. (wsj.com)
- Tesla ($TSLA) is an example why it's so hard to pick stocks. (humbledollar.com)
Companies
- Why Greg Abel is buying shares of Berkshire Hathaway ($BRK.A). (rationalwalk.com)
- Demand for semiconductors has fallen off a cliff. (finance.yahoo.com)
- The traditional holiday buying season is dead. (axios.com)
Ukraine
- Why the attack on the Kerch bridge is a big blow for Russia. (vox.com)
- The war in Ukraine is going to re-make the global arms industry. (wsj.com)
Florida
- Ian is only going to make the Florida insurance situation only worse. (bloomberg.com)
- Top Florida politicians previously opposed hurricane relief for other localities. (nytimes.com)
- Rebuilding Florida, as it was before, would be a huge mistake. (politico.com)
- Should government pay to rebuild seaside communities multiple times? (nytimes.com)
Policy
- Who is behind a rash of hoax calls reporting active shooters in schools? (npr.org)
- The Social Security Administration is still trying to catch up with pandemic disruptions. (washingtonpost.com)
- How the Medicare Advantage program went so wrong, so fast. (nytimes.com)
Economy
- Kyla Scan, "The Fed is between a rock and a hard place." (kyla.substack.com)
- Why do so many people defer to the Fed? (ritholtz.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)
