Quote of the Day
"How did Wall Street’s wealthiest liberal come to be a refusenik? The simple answer is that Mr. Buffett hasn’t changed even as the political climate has."
(Roger Lowenstein)
Commodities
- Why Warren Buffett seems so keen for oil companies. (wsj.com)
- How direct lithium extraction could upend the lithium market. (ft.com)
- Crude oil prices keep falling. (axios.com)
Strategy
- How stock-bond correlations change with Fed actions. (morningstar.com)
- It's inevitable people will try to use ChatGPT to pick stocks. (ft.com)
Venture capital
- The world of venture investing has changed a lot since Andreessen Horowitz came on the scene. (theverge.com)
- Forge Global has created a price index of late-stage startups. (semafor.com)
- The Series D market is moribund. (news.crunchbase.com)
Finance
- How much longer can the Fed ignore the regional banking crisis? (paulrlamonica.substack.com)
- Investors are fleeing regional bank stocks, even though depositors aren't. (semafor.com)
Media
- Americans say that the news media helps to divide society. (apnews.com)
- Don't expect a 'fair and balanced' Fox News, post-Rupert Murdoch. (slate.com)
- Americans consistently overestimate the amount of crime. (washingtonpost.com)
Housing
- Mortgage spreads are at their highest level since the GFC. (econbrowser.com)
- Will Baby Boomers eventually flood the housing market? (axios.com)
Global
- HSBC's biggest shareholder is pushing for an Asia-focused spinoff. (nytimes.com)
- Russia's lawyers are now leaving the country. (wsj.com)
Economy
- There is no sign of a recession in heavy truck sales. (calculatedriskblog.com)
- Weekly initial unemployment claims are again moving higher. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Longform links: how our minds work. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the need to impress. (abnormalreturns.com)
- A list of the best investing blogs of 2023, including Abnormal Returns. (thecollegeinvestor.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)
