Quote of the Day
"In the future, more of the world's highest earners will be individuals, as opposed to corporate employees."
(Dror Poleg)
Strategy
- Bonds are showing positive real yield for the first time in a long time. (ft.com)
- Why Seth Klarman spearheaded a re-write of Graham and Dodd's classic "Security Analysis." (institutionalinvestor.com)
- Active ETFs are the future. (ft.com)
Goldman Sachs
- Goldman Sachs ($GS) has a morale problem. (nymag.com)
- Why fingers are being pointed at Goldman Sachs' ($GS) CEO David Solomon could use a friend. (nytimes.com)
Venture capital
- VC-backed startups are quietly shutting their doors as funding dries up. (wsj.com)
- Some startups that timed exits perfectly, including Honey. (hunterwalk.com)
Streaming
- Disney ($DIS) doesn't have great options at the moment. (axios.com)
- Paramount ($PARA) is gaining streaming subscribers but is still leaking cash. (thestreamable.com)
- Disney ($DIS) is planning to crack down on password sharing. (variety.com)
- Apple TV+ ($AAPL) is the highest quality content producer. (theringer.com)
- Streaming bundles are the future. (vulture.com)
Economy
- Gasoline prices will stop putting downward pressure on inflation. (econbrowser.com)
- What's the best consumer inflation measure? (ritholtz.com)
- Derek Thompson talks with Jason Furman about what forecasters got wrong about the economy in 2023. (theringer.com)
Earlier on Abnormal Returns
- Podcast links: the practical uses of AI. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: invisible gestures. (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)
