Quote of the Day
"Decentralized finance is full of experiments to find new ways of doing so. It is also full of even more experiments to defraud people. This is a tragedy."
(Dror Poleg)
Bonds
- Mortgage bond buyers are on strike. (wsj.com)
- After the sell-off, how attractive are muni bonds? (morningstar.com)
- Liquidity in the U.S. Treasury bond market has dried up. (ft.com)
Strategy
- Rubin Miller, "Nothing about being a great investor requires imagination." (fortunesandfrictions.com)
- Ben Carlson, "You’re never going to get caught up in a Ponzi Scheme investing in a total stock market index fund." (awealthofcommonsense.com)
Companies
- Big Tech is now looking to shed office space. (wsj.com)
- Companies are benevolent until the sh*t hits the fan. (ft.com)
Housing
- Higher mortgage rates are discouraging Americans from moving. (finance.yahoo.com)
- Apartment rent increases are rapidly decelerating. (calculatedrisk.substack.com)
Economy
- More signs that supply chain issues are easing. (bonddad.blogspot.com)
- Restaurants are doing more with fewer workers, post-pandemic. (washingtonpost.com)
Earlier on Abnormal Returns
- Research links: misunderstanding complex systems. (abnormalreturns.com)
- Humans have been consuming alcohol for millennia, but people are increasingly saying no. (abnormalreturns.com)
- Life is complicated, your workout doesn't have to be. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: managing sudden wealth. (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)
