Quote of the Day
"Our job is to climb the mountain of success, not carry mountains of fears and worries on our shoulders."
(Brett Steenbarger)
Chart of the Day
Anything streaming-related has gotten crushed over the past year. (chart via @ycharts)
Strategy
- Mark Rzepczynski, "Every good trader thinks about opportunity cost and exit strategies. In fact, quitting is the core skill for protecting principal." (mrzepczynski.blogspot.com)
- Jason Zweig, "Try to watch a tree growing, and you see nothing; yet it is growing all the same. It can send out new branches and green foliage for several human lifetimes. Prune it back properly, and you make it stronger. Stocks are the same." (createsend.com)
Crypto
- a16z's Chris Dixon isn't giving up on crypto. (theinformation.com)
- Bank of New York Mellon ($BK) will now custody crypto assets. (wsj.com)
Funds
- Stop investing based on your politics. (ritholtz.com)
- Risk parity has had a bad 2022. (finance.yahoo.com)
Russia
- Russia's war has been successful in one regard - it has united Ukrainian society. (theatlantic.com)
- Russia has done a good job at alienating even its most ardent fans. (danieldrezner.substack.com)
Economy
- Do we need to throw the economy into recession to tame inflation? (awealthofcommonsense.com)
- The Fed can't pivot if it has already lost the ball. (pragcap.com)
- What's the best forecast of 10-year inflation rates? (morningstar.com)
Earlier on Abnormal Returns
- Research links: longer eras. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: behavioral considerations. (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)
