Quote of the Day
"Massive amounts of (venture) capital have distorted the way companies get built."
(Kyle Harrison)
Chart of the Day
The performance of technology and energy stocks have flip-flopped in 2023. (chart via @ycharts)
AI
- The AI stock mania phase is here. (herbgreenberg.substack.com)
- How big tech companies are investing in AI startups. (news.crunchbase.com)
Strategy
- The stock market loves disinflation. (awealthofcommonsense.com)
- Tactical allocation funds have failed miserably. (morningstar.com)
Energy
- Berkshire Hathaway ($BRK.A) now owns 24.9% of Occidental Petroluem ($OXY). (barrons.com)
- What has Engine No. 1 actually accomplished at ExxonMobil ($XOM)? (nytimes.com)
- Fidelity has marked down its stake in Twitter by two-thirds. (finance.yahoo.com)
- The Tweetbot guys are hooking their wagon to Mastodon. (texasmonthly.com)
Work
- Some companies are encouraging remote workers to join co-working spaces. (nytimes.com)
- What office building owners can learn from the success of IMAX. (bloomberg.com)
Economy
- Are tightening lending standards (and credit) going to tip the U.S. economy into recession? (wsj.com)
- The labor economy is strong but decelerating. (bonddad.blogspot.com)
- The housing market is locked up. (axios.com)
Earlier on Abnormal Returns
- Personal finance links: faith in the system. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: data vacuums. (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)
