Quote of the Day
"As in many parts of life, a big chunk of success is choosing a domain in which success is relatively easy, either because other people aren't trying very hard or because you're doing something that plays to your strengths."
(Byrne Hobart)
Markets
- A look at Vanguard's 10-year equity return forecasts. (etf.com)
- Investment grade bonds are having a good start to the year. (axios.com)
- Why luxury watch prices are coming down. (ft.com)
Strategy
- Jurien Timmer, “Just because the 60/40 didn’t work last year doesn’t mean it will never work again.” (morningstar.com)
- Bubbles often come along with new metrics to justify them. (onveston.substack.com)
Companies
- Why the tech sector is seeing a surge in layoffs. (kyla.substack.com)
- Southwest Airlines ($LUV) took a $800 million hit due its holiday system meltdown. (cnbc.com)
- What it means when a company won't allow customers to call them. (vox.com)
- The price of D&O insurance has soared. (wsj.com)
Startups
- Stripe is set to go public in the next twelve months. (wsj.com)
- Startups are pulling out all the stops to avoid down-rounds. (bloomberg.com)
- NEA is becoming a registered investment advisor. (axios.com)
- The downside of using special purpose vehicles. (fastcompany.com)
Funds
- Franklin Templeton ($BEN) has been on a deal making tear but it hasn't moved the needle on the stock. (on.ft.com)
- How Morgan Stanley ($MS) plans to attack the ETF market. (investmentnews.com)
- Why ETFs continue to gobble up new asset classes. (pionline.com)
Economy
- Q4 2022 GDP was solid, but two leading indicators point toward recession. (bonddad.blogspot.com)
- Weekly initial unemployment claims are still quiescent. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: shrinking populations. (abnormalreturns.com)
- What you missed in our Wednesday links. (abnormalreturns.com)
- Personal finance links: one set of rules. (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)
