Quote of the Day
"So much of what people call “conviction” is actually a willful disregard for facts that might change their minds."
(Morgan Housel)
Strategy
- Your investment strategy needs to work in all markets. (awealthofcommonsense.com)
- How to dole out risk in your portfolio. (humbledollar.com)
- AI is going to change just about every industry. (thereformedbroker.com)
Banks
- Why SVB was able to skate stricter bank regulation. (nytimes.com)
- Regional banks are a linchpin for the economy. (nytimes.com)
- Why banks resist mark-to-market accounting rules. (rogerlowenstein.substack.com)
Finance
- In March, Charles Schwab ($SCHW) had its worst month in a long time. (thinkadvisor.com)
- The big life insurers have been under pressure. (ft.com)
- Would you trust your finances with a Musk-led Twitter? (wsj.com)
Policy
- States that reject expanded Medicaid funding show increased stress on hospitals. (nytimes.com)
- How the natural gas industry cozies up to state regulators. (grist.org)
- Anti-Asian hate crimes have been rising since 2016. (econbrowser.com)
- Publishers really don't want public libraries to have easier access to e-books. (theatlantic.com)
- Half of America's counties are losing population. (bloomberg.com)
Economy
- Why we should be celebrating the current employment situation. (tker.co)
- You can expect the Case-Shiller housing numbers to turn negative year-over-year in the next few months. (calculatedrisk.substack.com)
- Why it's hard to see job losses from automation in the data. (unchartedterritories.tomaspueyo.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Do you wonder why everything looks the same these days? (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)
Mixed media
- Derek Thompson, "Today, work and workism are facing a double-barreled revolution—the remote-work phenomenon and the dawn of generative AI." (theatlantic.com)
- 27 life lessons learned including 'Optionality is only as valuable as the things that it allows you to commit to.' (youngmoney.co)
- Don't let society choose what success looks like for you. (owens-newsletter-a63d69.beehiiv.com)
