Quote of the Day
"Human nature has a perfect record in its failure to learn from past market cycles. We have a habit of takings things too far in both directions."
(Novel Investor)
Markets
- The 60/40 portfolio return equation reset last year. (wsj.com)
- Five ETF predictions for 2023 including an end to $SPY's reign. (theetfeducator.com)
Venture capital
- VC-backed M&A fell off the table in Q4. (tomtunguz.com)
- Startup founders have some difficult decisions to make early in 2023. (hunterwalk.com)
- The 'Creator Economy' was way overblown. (bigtechnology.com)
- On the relationship between Microsoft ($MSFT) and OpenAI. (axios.com)
Hedge funds
- This Florida hedge fund had a big year. (ft.com)
- Steve Cohen should have no trouble funding the Mets payroll this year. (institutionalinvestor.com)
- 2022 was a good year for quant funds, including AQR. (finance.yahoo.com)
- The biggest launch of a =female-run hedge fund just happened. (msn.com)
Global
- How the Ukrainian economy is adapting to war. (nytimes.com)
- China has been offered Western mRNA Covid vaccines, but has consistently said no. (health.economictimes.indiatimes.com)
- Around 25% of Africa's population has been fully vaccinated for Covid. (semafor.com)
Economy
- 2022 was the second best year for jobs growth in U.S. history. (calculatedriskblog.com)
- The quit rate actually rose in November. (econbrowser.com)
- The Fed is catching up to reality. (pragcap.com)
Earlier on Abnormal Returns
- Podcast links: the podcasting market correction. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: owning your content. (abnormalreturns.com)
- Dropping habits that don't serve you is just as important as adopting new habits. (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
- 52 things learned in 2022 including '94% of the entire population of Paris lives within a five minute walk of a bakery.' (kenthendricks.com)
- This company tries to hold companies to account for their bad faith service. (washingtonpost.com)
- The new world of tipping is confusing and frustrating. (msn.com)
