Quote of the Day
"Inflation creates uncertainty, which is why we hate it. Inflation also captures the fleeting eye of the consumer because it impacts most decisions they make, which is why the Fed hates it."
(Kyla Scanlon)
Markets
- A great reminder that S&P 500 industries go in and out of fashion. (ritholtz.com)
- Leveraged, long Bitcoin was not a good strategy in 2022. (bloomberg.com)
Airlines
- Southwest Airlines ($LUV) seems to be back on schedule. (finance.yahoo.com)
- Fliers and front line workers bear the brunt of airline chaos. (nytimes.com)
Food
- The price of cultivated meat is rapidly coming down. (wsj.com)
- Vertical farms are struggling to raise capital. (bloomberg.com)
Global
- The iShares MSCI Turkey ETF ($TUR) had a standout 2022. (etftrends.com)
- VanEck is liquidating its Russia-centric exchange-traded funds. (cnbc.com)
Earlier on Abnormal Returns
- Podcast links: the future of psychedelics. (abnormalreturns.com)
- Why you should choose simplicity over complexity: the case against FSAs. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: the vagaries of fate. (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)
Books
- Some of the best business books of 2022 including "Freezing Order: A True Story of Money Laundering, Murder, and Surviving Vladimir Putin’s Wrath" by Bill Browder. (nytimes.com)
- The best books of 2022 including "G-Man: J. Edgar Hoover and the Making of the American Century" by Beverly Gage. (mentalfloss.com)
- Riskalyzers’ Top 10 Books in 2022 including "Four Thousand Weeks: Time Management for Mortals" by Oliver Burkeman. (riskalyze.com)
