Quote of the Day
"The next time someone pumps you an investment opportunity, consider how narrow future events need to be for it to work properly."
(Rubin Miller)
Strategy
- The normalization of interest rates is going to change how people invest. (blairbellecurve.com)
- Why investors overreact to recent fund performance. (behaviouralinvestment.com)
- Why wealthy investor don't invest aggressively enough. (ft.com)
Succession
- Bob Iger messed up succession at Disney ($DIS). Now he has a chance to fix it. (vox.com)
- Why Jack Welch regrets name Jeff Immelt his successor at GE ($GE). (nytimes.com)
- Why Berkshire Hathaway ($BRK.A) should split its A shares. (rationalwalk.com)
Companies
- Trung Phan, "Traditional consumer brands without a successful content play are stuck spending huge dollars on advertising." (wapo.st)
- Alternative meat companies have been unable to turn early interest in profits. (wsj.com)
- Big Tech voice assistants are a feature, but don't seem to be a business. (arstechnica.com)
Venture capital
- Just how deep in the hole is Masayoshi Son on his Vision Fund 'investments'? (ft.com)
- The 2022 fundraising scene is completely different than the prior 11 years. (tomtunguz.com)
- What a second time founder knows that a first timer doesn't. (hunterwalk.com)
Global
- Large swaths of China are in Covid-related lockdowns. (ft.com)
- Israel has seen an influx of immigrants from Russia since the war began. (npr.org)
- Europe has a growing shortage of doctors. (politico.eu)
- What the IAEA is saying about the situation at the Zaporizhzhia nuclear plant. (cbsnews.com)
Economy
- Is crude oil losing its salience as an economic indicator? (wapo.st)
- How long will consumer spending hold up? (awealthofcommonsense.com)
- What falling tax withholding numbers say about the state of the economy. (bonddad.blogspot.com)
- What does the Taylor Swift ticket situation tell us about the economy? (thinkadvisor.com)
Books
- Tyler Cowen's favorite non-fiction books of 2022 including "Of Boys and Men" by Richard R. Reeves. (marginalrevolution.com)
- The best business books of 2022 including "Power Failure: The Rise and Fall of General Electric" by William D Cohan. (ft.com)
- The best books of 2022 including "Trust" by Hernan Diaz. (washingtonpost.com)
Earlier on Abnormal Returns
- Personal finance links: repeatable systems. (abnormalreturns.com)
- Research links: economic forecasts. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: setting client expectations. (abnormalreturns.com)
- Don't borrow money to invest. (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)
Mixed media
- Joy Lere, "Boundaries aren't selfish or cruel—they're compassionate." (joylere.substack.com)
- Family holiday traditions need not be set in stone. (vox.com)
- Don't let the holidays ruin your weight loss plan. (primecuts.substack.com)
- Why you should dress up for Thanksgiving dinner. (artofmanliness.com)
