Quote of the Day
"Investors are usually better off keeping things simple and within their control, by saving, widely diversifying, and keeping costs low, while regularly rebalancing and focusing on total return..."
(Jeff Ptak)
Chart of the Day
The equity risk premium hasn’t been this low in well over a decade.
Markets
- Higher for longer, has put pressure on bond yields in February. (morningstar.com)
- It's easy to forget how bad 2022 was for retirement account investors. (cnbc.com)
Strategy
- Not everyone is giving up on the crypto markets. (wsj.com)
- Why you are unlikely to profit off the next big thematic investment theme. (savantwealth.com)
Housing
- Conor Sen, "Why would anyone want to pay off a $300,000 loan at 3% when they can invest essentially risk-free at 5% or more?" (wapo.st)
- Given bad affordability numbers its hard to see house prices bottoming soon. (pragcap.com)
- The U.S. housing market has lost $2.3 trillion in value since June. (redfin.com)
AI
- First movers don't always have an advantage. (axios.com)
- JP Morgan ($JPM) is restricting employee use of ChatGPT. (wsj.com)
- Generative AI may be well-suited for writing legal briefs. (wired.com)
Netflix
- Netflix ($NFLX) is cutting prices in some 30 countries. (theverge.com)
- The PGA is banking on the success of 'Full Swing' to bring more interest to the sport. (wsj.com)
- Why Netflix's ($NFLX) move to reduce password sharing is so challenging. (theatlantic.com)
Economy
- Still no sign of a sustained uptick in weekly initial unemployment claims. (calculatedriskblog.com)
- Seasonal adjustments are especially weird these days. (axios.com)
- Why the Fed is limited in its ability to bring inflation down. (stayathomemacro.substack.com)
Earlier on Abnormal Returns
- Longform links: bad incentives. (abnormalreturns.com)
- The 2023 Credit Suisse Global Investment Returns Yearbook is here! (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: more than money. (abnormalreturns.com)
- Do less to do better. (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)
