Quote of the Day
"Indexing your wealth provides optionality."
(Jack Raines)
Markets
- The expected return to a 60/40 portfolio strategy rose throughout 2022. (morningstar.com)
- European stocks have been underperforming the U.S. since the GFC. Some signs that things are changing. (ft.com)
Strategy
- Some questions to ask when an investment seems too good to be true. (ritholtz.com)
- Insights from Lee Freeman-Shore's "The Art of Execution: How the world's best investors get it wrong and still make millions." (novelinvestor.com)
Companies
- Om Malik, "The reality is that when it comes to business, companies have to appease their investors. And right now, those investors want to see companies be more efficient, especially now that growth is becoming normal." (om.co)
- Why big tech incumbents have a leg up in generative AI. (tomtunguz.com)
- When your home printer is holding you hostage. (theatlantic.com)
Finance
- Goldman Sachs' ($GS) partners now own less than 5% of the company. (semafor.com)
- Ariel Investments has launched its first private equity fund the Project Black LP. (wsj.com)
Funds
- Vanguard has removed fee waivers on its money market mutual funds. (barrons.com)
- It's hard to make the case for thematic ETFs as a whole. (ft.com)
Global
- Europe wants to wean itself off Russian diesel. (nytimes.com)
- The French are very much wedded to the ideal of a their 'golden decade' in retirement. (ft.com)
- Italy is the fastest aging country in the west. (nytimes.com)
Economy
- Real home prices are now down six months in a row. (calculatedrisk.substack.com)
- Why the Fed is going to have to stick with its tough talk for awhile. (kyla.substack.com)
- What do foreign yield curves tell us about the probability of a U.S. recession. (econbrowser.com)
- The oil business in the Permian Basin is booming. (ft.com)
Earlier on Abnormal Returns
- Longform links: a source of envy. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: trading time. (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)
