Quote of the Day
"The challenge for banks is not that offices are worthless but that they are riskier than they assumed."
(Dror Poleg)
Strategy
- Jeff Ptak, "If we know that we don’t know what we don’t know, then it stands to reason we should give ourselves some breathing room when an issue suddenly bursts onto the scene." (morningstar.com)
- Risks are often only obvious in hindsight. (youngmoney.co)
- What risks should you actually hedge? (mr-stingy.com)
Finance
- Banks may have to re-think deposit velocity going forward. (bloomberg.com)
- Ten reasons why SVB failed including 'The whole banking system is a bizarre confidence trick.' (riabiz.com)
- Josh Brown and Michael Batnick talk with Jesse Eisinger of ProPublica about Credit Suisse, regional banks, and insider trading. (youtube.com)
- Credit Suisse was also a player in the startup financing space. (news.crunchbase.com)
- Banks still have a big problem. (mrzepczynski.blogspot.com)
TikTok
- Is TikTok too big to ban? (vox.com)
- Of course we should ban TikTok. (noahpinion.substack.com)
- What other countries have already banned TikTok. (axios.com)
- The investors which have the most to lose from a TikTok ban. (theinformation.com)
Fund management
- Are pension funds finally tiring of private equity? (wsj.com)
- Vanguard is exiting the Chinese fund management market. (msn.com)
- Talk about timing...the Roundhill BIG Bank ETF ($BIGB) has launched. (etftrends.com)
- Portfolio management still has a gender problem. (etf.com)
Economy
- Every index/measure of financial conditions has problems. (ft.com)
- What (lower) 10 year Treasury rate eliminates bank balance sheet problems? (econbrowser.com)
Earlier on Abnormal Returns
- Research links: shifting indices. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: ventilation of your schedule. (abnormalreturns.com)
- Why seemingly impossible things happen all the 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)
