Quote of the Day
"Bigger, harder questions convert more entropy to information, and therefore create more value."
(Tom Morgan)
Chart of the Day
The S&P 500 is higher than it was when the Fed started hiking rates. (chart via @charliebilello)
Strategy
- Why stock market valuations are logically higher today than they were in the past. (ofdollarsanddata.com)
- Why compounding is still unheralded. (blog.validea.com)
Finance
- Blackstone ($BX) now manages more than $1 trillion in assets. (finance.yahoo.com)
- The airport lounge wars are heating up with JP Morgan Chase ($JPM) joining the fray. (wsj.com)
- The U.S. lags, badly, in real-time funds transfer. (economist.com)
Apple
- Apple ($AAPL) is testing AI tools internally. (finance.yahoo.com)
- Why UK users may lose access to iMessage and FaceTime. (theguardian.com)
- Apple Maps is no longer an also-ran. (wsj.com)
Netflix
- Netflix ($NFLX) spending on content will go down in 2023 as strikes drag on. (deadline.com)
- Streaming companies point their fingers at Netflix ($NFLX) for the problems they are in. (axios.com)
- Derek Thompson talks with Julia Alexander about how the streaming industry drove itself off a cliff. (open.spotify.com)
- Netflix ($NFLX) is eliminating its cheapest subscription tier. (hollywoodreporter.com)
Fund management
- Does the rise of the 'Big 7' break the logic behind indexing? (economist.com)
- With buffered ETFs, certainty comes at a high cost, (ritholtz.com)
- Two NightShares ETFs are closing. (wealthmanagement.com)
Heat
- Higher temperatures are only now translating into higher natural gas prices. (wsj.com)
- Delivery drivers are struggling with the heat. (npr.org)
Economy
- Jobless claims are not breaking out, yet. (bonddad.blogspot.com)
- Why this Summer is seeing so many labor strikes. (marketwatch.com)
- What's driving economic pessimism? (msn.com)
Earlier on Abnormal Returns
- Longform links: the general mood. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: unfair comparisons. (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)
