Quote of the Day
"Shifting to foreign stocks after their long losing streak might feel risky. But the case for diversification is reasserting itself."
(The Economist)
Chart of the Day
The end of the line for the Lordstown Motors ($RIDE) story with a Chapter 11 filing. (chart via @charliebillelo)
Strategy
- High uncertainty decisions, like investing, are by definition difficult. (behaviouralinvestment.com)
- Do commodities have a role to play in a long-term, strategic asset allocation? (monevator.com)
Companies
- IBM ($IBM) keeps acquiring smaller companies to seemingly very little effect. (bloomberg.com)
- SpaceX's valuation keeps rising, due in part to Starlink's success. (axios.com)
Finance
- The private equity crowd is finding mega-deals hard to come by. (wsj.com)
- Investors are heading to secondary exchanges to buy shares in AI startups. (finance.yahoo.com)
AI
- AI makes creating cheap web content even easier. (theverge.com)
- How the AI landscape is lining up. (tomtunguz.com)
- Another day, another AI deal. (pymnts.com)
Weight loss
- A new Eli Lilly ($LLY) drug shows the most weight loss so far. (cnbc.com)
- The next Ozempic is a pill not an injection. (gq.com)
- Believe it or not, Ozempic is already old news. (theatlantic.com)
Fund management
- Fund company shares have not been a great bet over the past decade or so. (morningstar.com)
- Stop lumping the 'big three' asset managers together in the same breath. (institutionalinvestor.com)
- How big a problem is 'volatility laundering'? (morningstar.com)
Economy
- Home prices peaked June 2022. Prices are now rising again. (calculatedriskblog.com)
- New home sales are on the rise. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Research links: declaring structural breaks. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: a decent place. (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)
