Quote of the Day
"Historical market data doesn’t tell you what’s going to happen when it comes to investment outcomes but it can help you understand a wider range of potential risks."
(Ben Carlson)
Chart of the Day
It’s not just five stocks that are driving the market. (chart via @ycharts)
Energy
- Gasoline prices are down some 30% from their peak (axios.com)
- European natural gas prices are below pre-war levels. (qz.com)
Strategy
- A magazine cover gone wrong, the case of Cisco Systems ($CSCO). (ritholtz.com)
- Models are always a starting point, not an end in themselves. (awealthofcommonsense.com)
Companies
- How Sea Ltd. turn things around by cutting costs. (finance.yahoo.com)
- How Warby Parker ($WRBY) ended up with 200+ locations. (wsj.com)
Food
- Shake Shack ($SHAK) has an activist investor. (wsj.com)
- The ghost kitchen boom is already in decline. (bloomberg.com)
- Fast food is going to increasingly become automated. (om.co)
Media
- Another media startup bites the dust: Vice Media files for Chapter 11. (hollywoodreporter.com)
- Would you want a free TV if it comes with persistent ads? (theverge.com)
- Why AI is a sticking point in the writer's strike. (newscientist.com)
Earlier on Abnormal Returns
- Adviser links: gaining trust. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)
