Quote of the Day
"Having no FOMO might be the most important investing skill."
(Morgan Housel)
Chart of the Day
Small cap value has held up well the past year. (chart via @ycharts)
Markets
- What a 'breakaway momentum thrust' means for investors. (ritholtz.com)
- India's stock market held up well in 2022. (wsj.com)
- Don't let your portfolio be driven by strategist forecasts. (savantwealth.com)
Streaming
- Where Netflix ($NFLX) stands going into the post-Reed Hastings era. (variety.com)
- Ad-supported streaming tiers have been slow to take off. (variety.com)
Finance
- How Morgan Stanley ($MS) outpaced Goldman Sachs ($GS) in wealth management. (on.ft.com)
- The CPA shortage is real. (wsj.com)
- Why PE firms are reluctant to put 'dry powder' to work. (ft.com)
Startups
- How unicorns are dealing with the decline in valuations. (news.crunchbase.com)
- Crypto companies, like FTX, invested in a bunch of crypto startups. Those stakes are set to change hands. (theinformation.com)
- The bloom is off the 'passion economy' rose? (ft.com)
Economy
- Existing home sales plunged in December. (bonddad.blogspot.com)
- Why falling retail sales aren't all bad. (stayathomemacro.substack.com)
Earlier on Abnormal Returns
- Podcast links: the advertising downshift. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: shareholder primacy. (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)
