Quote of the Day
"Dig into any successful business and you’ll likely find two people: One who comes up with crazy ideas, and another who kills most of those ideas while giving the sensible ones a shot."
(Morgan Housel)
Strategy
- The case for international diversification is still solid. (humbledollar.com)
- Concentrated portfolios come with a lot of psychological stress. (awealthofcommonsense.com)
- Good luck trying to identify skilled investment managers with any certainty. (fortunesandfrictions.com)
Berkshire Hathaway
- Everything that went down at the Berkshire Hathaway ($BRK.A) annual meeting. (cnbc.com)
- Warren Buffett's time frame is different than everyone else's. (tker.co)
- Warren Buffett's success comes to a handful (or two) of good decisions. (wsj.com)
- Warren Buffett on the banking crisis. (axios.com)
Finance
- The banking crisis isn't over. (aswathdamodaran.blogspot.com)
- What, if anything, can knock Vanguard and Blackrock ($BLK) from atop the ETF heap? (etf.com)
Ben Smith
- Five insights from "Traffic: Genius, Rivalry, and Delusion in the Billion-Dollar Race to Go Viral" by Ben Smith. (npr.org)
- A Q&A with Ben Smith author of "Traffic: Genius, Rivalry, and Delusion in the Billion-Dollar Race to Go Rival." (vanityfair.com)
Global
- What satellites are saying about Russian industrial production. (wsj.com)
- Meet the Ukrainians who have returned home. (nytimes.com)
Policy
- How higher minimum wages make for a better economy. (ritholtz.com)
- Why public libraries are now facing funding cuts. (npr.org)
- The ties between a donor and Supreme Court justice Clarence Thomas keep growing. (propublica.org)
- There is no good way to remove a legislator due to incapacity. (politico.com)
- Migrants are crossing the border through dangerous, desert areas. (npr.org)
Economy
- Catherine Rampell, "Even so, it’s strange that Americans are as dour as they are...Now just imagine how much more bummed out Americans would be if the U.S. economy actually does fall into recession later this year." (wapo.st)
- 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)
- 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)
