Quote of the Day
"It’s ideas combining, joining, and merging, that create the modern world."
(Morgan Housel)
Chart of the Day
It took a year for the S&P 500 to hit a 52-week high. What comes next? (chart via @ryandetrick)
Strategy
- When it comes to investing, more activity doesn't guarantee better results. In fact, just the opposite is true. (awealthofcommonsense.com)
- Focus on the role bonds play in your portfolio. (sellwoodconsulting.com)
Future Proof 2023
Japan
- The Nikkei is up some 30% YTD. (nytimes.com)
- More than half of Japanese stocks trade below book value. (snippet.finance)
- How taxi-hailing app called Go has kept Uber ($UBER) at bay in Japan. (wsj.com)
Sports
- Andres Martinez, "This mediafication of sport is here to stay." (slate.com)
- How Big League Advantage invests in future stars. (huddleup.substack.com)
- The future of sports content is TikTokers. (houseofstrauss.com)
Housing
- What factors came together to push house prices up so much the past few years? (ofdollarsanddata.com)
- On the current state of the housing market. (calculatedrisk.substack.com)
- A wide swath of the country hasn't seen a decline in home prices. (spilledcoffee.substack.com)
Economy
- PPI confirms whats happening with CPI. (bonddad.blogspot.com)
- One things whose price isn't going down is car insurance. (ft.com)
- You can't grow jobs without growing housing. (bloomberg.com)
- How the IRA is playing out increased industrial construction. (adamtooze.substack.com)
Earlier on Abnormal Returns
- Personal finance links: running out of time. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: time period sensitivity. (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)
