Quote of the Day
"In all cases I think it’s easy to underestimate your propensity to panic when you watch other people panic."
(Morgan Housel)
Strategy
- Shifting your asset allocation based on economic forecasts is a fool's errand. (savantwealth.com)
- Gathering and interpreting information has a cost. (mrzepczynski.blogspot.com)
- How wrapped up should you be in the market efficiency debate? (blogs.cfainstitute.org)
Banks
- Bitcoin is benefiting from the banking crisis. (theirrelevantinvestor.com)
- Bank turmoil is now on everyone's dance card for 2023. (tker.co)
- Bank depositors are moving money into money market mutual funds. (econbrowser.com)
- First Republic's ($FRC) proxy makes for interesting reading. (rationalwalk.com)
- How the bank crisis could ripple through the economy. (axios.com)
Fintech
- The banking crisis isn't great for fintech companies. (theinformation.com)
- Why aren't there more 'winner-take-all' situations in fintech? (notes.mtb.xyz)
Companies
- How old economy companies benefit from Big Tech layoffs. (tker.co)
- Not everyone at Apple ($AAPL) is convinced that VR/AR headsets are the right move. (nytimes.com)
- Companies are talking a lot about AI these days. (investmenttalk.substack.com)
Policy
- Scott Lincicome, “Ship American” might sound nice in theory. This is what it looks like in practice: not shipping much of anything in America at all.“ (theatlantic.com)
- U.S. women are having fewer children than they say they want. (washingtonpost.com)
- How police officers can retire before being fired for misconduct. (npr.org)
- An increasing number of guns are being stolen out cars these days. (nytimes.com)
- You can thank the pandemic for the wide rifts seen at the local school board level. (washingtonpost.com)
- Why public restrooms in the U.S. are still so rare. (nytimes.com)
- Rural mail delivery is getting worse. (wsj.com)
Economy
- The banking crisis stems directly from the pandemic. (disciplinefunds.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)
