Quote of the Day
"The sub-optimal portfolio you stick with in the long-run is likely to do better than the “optimal” portfolio you constantly question in the short-term."
(Cullen Roche)
Strategy
- Investing is ultimately based on optimism. (fortunesandfrictions.com)
- Medical knowledge builds on itself. Financial knowledge not so much. (collabfund.com)
- Five arguments against a value stock revival. (blog.validea.com)
Companies
- CVS and Walgreen's are likely to walk away from the opioid crisis without admitting culpability. (statnews.com)
- Men now make up 25% of Lululemon's ($LULU) revenue. (wsj.com)
- Twitter needed a reboot. The question is whether Elon Musk is the guy to do it. (ramp.beehiiv.com)
- Elon is moving fast and breaking stuff at Twitter. (danieldrezner.substack.com)
Fund management
- The shift from mutual funds to ETFs has accelerated in 2022. (on.ft.com)
- Vanguard is looking for ways to give retail investors more say over proxy voting. (thinkadvisor.com)
- How stable value funds work. (alephblog.com)
Housing
- Higher land prices are holding back the housing market. (wsj.com)
- Housing affordability is at a multi-decade low. (politicalcalculations.blogspot.com)
- Opendoor ($OPEN) is doing a big round of layoffs. (bloomberg.com)
- Why mortgage rates are so darn high. (wsj.com)
Economy
- The 3 month-18 month Treasury spread is almost inverted. (econbrowser.com)
- Why are not likely facing another bout of 1970s style inflation. (awealthofcommonsense.com)
- The Strategic Petroleum Reserve is at its lowest level since the mid-1980s. (axios.com)
Earlier on Abnormal Returns
- Personal finance links: yesterday's news. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: an extremely long horizon. (abnormalreturns.com)
- Spending does more than change your bank balance. (abnormalreturns.com)
- Why rough edges remain in financial markets: people. (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)
