Quote of the Day
"Room for error lets you stick around long enough to let the odds of benefiting from a low-probability outcome fall in your favor."
(Morgan Housel)
Markets
- U.S. gasoline prices are below where they were a year ago. (nytimes.com)
- Checking in on the state of the muni bond market. (morningstar.com)
Strategy
- Six year-end financial moves to consider including 'tax loss harvesting.' (blog.validea.com)
- The questions for alternative assets: how much do you need to own to move the needle? (institutionalinvestor.com)
Companies
- Companies really don't want you to call them. (wsj.com)
- Apple ($AAPL) is boosting its security game. (9to5mac.com)
ESG
- Vanguard is leaving the Net Zero Asset Managers alliance. (marketwatch.com)
- On the disconnect in ESG ratings. (bankeronwheels.com)
Sports
- Fanatics is valued at $31 billion in a new funding round. (wsj.com)
- Why isn't basketball bigger in the UK? (frontofficesports.com)
- How NBA shoe deals actually work. (huddleup.substack.com)
China
- How goes China's 'Belt and Road Initiative'? (npr.org)
- What happens if Covid rips through China's population? (fortune.com)
Economy
- Weekly initial unemployment claims are trending higher, albeit slowly. (bonddad.blogspot.com)
- If there is a recession in 2023, housing will play a key role (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: lucky billionaires. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a diversified life. (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)
