Quote of the Day
"Pressuring companies to retain unwanted capital would be like pressuring firms to keep their capital in rotary phones."
(Roger Lowenstein)
Chart of the Day
Amazon ($AMZN) is teaming up with Better.com to allow its employees to use their stock as collateral for mortgages. (chart via @ycharts)
Markets
- The stock market cares more about inflation than rates. (awealthofcommonsense.com)
- Desperate investors don't do well. (onveston.substack.com)
Finance
- Bain on the state of the private equity industry. (ft.com)
- Why Goldman Sachs' ($GS) retail push failed. (cnbc.com)
Apple
Ukraine
- How Ukraine is deploying drones across the front lines. (politico.eu)
- Switzerland is standing in the way of ammunition shipments to Ukraine. (wsj.com)
- What satellite imagery shows about the damage the war has done to Ukraine's cities. (flowingdata.com)
- Where Ukrainian refugees want to go. (semafor.com)
- The war in Ukraine has also taken a toll on the country's animals. (nyti.ms)
- New Ukrainian stamps feature Banksy artwork. (kottke.org)
Economy
- Through December, national home prices were down six months in a row. (calculatedrisk.substack.com)
- Home prices have peaked but official housing inflation has a ways to go. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Research links: tipping behavior. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: asking good questions. (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)
