Quote of the Day
"There will always be a gap between language and reality. But closing that gap also takes us into closer relationship with reality."
(Tom Morgan)
Markets
- Should investors actually care about stock market valuations? (awealthofcommonsense.com)
- How have Berkshire Hathaway ($BRK.B) B shares performed since issuance? (rationalwalk.com)
Finance
- The CDS market is picking up steam. (ft.com)
- Saudi Arabia's PIF is taking some big swings. (wsj.com)
ESG
- 'Greenhushing' is the new ESG. (mutualfundobserver.com)
- Norway's sovereign wealth fund wants to see ESG reforms. (bloomberg.com)
Fund management
- Cheap funds keep getting cheaper. (morningstar.com)
- Actively managed ETFs are the way for upstarts to take share from the big three ETF providers. (wsj.com)
- Beware using target-date funds in taxable accounts. (humbledollar.com)
- How have these funds performed after a high profile manager leaves? (mutualfundobserver.com)
Sports betting
- Why sports betting operators love when customers lay parlay bets. (barrons.com)
- ESPN is a big swing both for Disney ($DIS) and Penn Entertainment ($PENN). (frontofficesports.com)
- WynnBet is shutting down operations in eight states. (frontofficesports.com)
- Sports betting could soon be coming to your TV. (theinformation.com)
- Does sports betting erode the joy of watching sports? (bloomberg.com)
Housing
- 8% of American homes are worth more than $1 million. (redfin.com)
- Why some school districts are building housing for teachers. (axios.com)
Propaganda
- China is spending widely on propaganda efforts in the West. (nytimes.com)
- How Sweden is combating Russian disinformation efforts. (nytimes.com)
Policy
- Who knew stopping online porn was as simple as passing an age verification law? (politico.com)
- It's hard to argue we don't need more local news. (theatlantic.com)
- Clarence Thomas has been receiving more free stuff than earlier thought. (propublica.org)
- Why there should be more guardrails in 401(k) plans. (wsj.com)
- The case for 'baby bonds' is pretty clear. (bloomberg.com)
Economy
- Why do people think the economy is bad? (kyla.substack.com)
- Why the level (and volatility) of inflation matter to consumers and businesses. (awealthofcommonsense.com)
- How inflationary shocks affect long-term inflation expectations. (papers.ssrn.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)