Quote of the Day
"Speed and pressure are a terrible combination for good investment decisions."
(Joe Wiggins)
Chart of the Day
New bull market talk aside, the S&P 500 is still in a drawdown.
Strategy
- Warren Buffett's advice on active vs. passive investing is clear. (monevator.com)
- Every investor makes mistakes. What comes next matters. (investingmotherlode.com)
- What the CIA can teach investors. (behaviouralinvestment.com)
Crypto
- A new exchange backed by Citadel, Fidelity and Charles Schwab ($SCHW) has launched. (wsj.com)
- FTX's legal, consulting and financial services providers are raking it in. (theblock.co)
- Are other countries going to take crypto share from the U.S.? (blockworks.co)
Companies
- When you read proxy statements you see clear differences in how companies compensate the C-suite. (covestreetcapital.com)
- Why some company boycotts work, and others don't. (msn.com)
- Why Elon Musk's Twitter has stopped paying its bills. (om.co)
Private equity
- Private equity deals are facing higher interest rate costs. (finance.yahoo.com)
- Why PE investors should brace for lower returns. (behindthebalancesheet.substack.com)
Downtown
- There's nothing in the data indicating a robust recovery in downtown office occupancy. (wsj.com)
- Some companies are getting desperate to get workers back in the office. (nytimes.com)
- Shopping mall giant Westfield is walking away from its namesake shopping center in San Francisco. (marketwatch.com)
Housing
- Housing starts jumped in May. (bonddad.blogspot.com)
- National homebuilder confidence rose in June. (calculatedriskblog.com)
- A record number of multi-family homes are under construction. (calculatedrisk.substack.com)
- Why haven't housing prices fallen more? (axios.com)
Global
- New Zealand home prices are down nearly 20% off their highs. (nytimes.com)
- Canada has thrown open its doors to immigrants boosting its population growth. (bloomberg.com)
- No matter the outcome, Ukraine needs to be rebuilt. (foreignaffairs.com)
Economy
- Why OPEC has been unable to push oil prices higher. (economist.com)
- There is no definition of a 'soft landing.' (ft.com)
Earlier on Abnormal Returns
- Research links: why size doesn't matter. (abnormalreturns.com)
- Adviser links: making sense in hindsight. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone was reading 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)
