Quote of the Day
"The thing to understand is that asset allocation is not like baking a cake. Asset allocation is like making a fruit salad."
(Mike Piper)
Asset allocation
- Asset allocation is not a science. (obliviousinvestor.com)
- Diversification reduces the risk of adverse outcomes. (barrons.com)
Strategy
- Everyone and everything ends up underperforming at some point. (awealthofcommonsense.com)
- Brett Steenbarger, "Over time, unique returns cannot come from consensus thinking." (traderfeed.blogspot.com)
Companies
- Public benefit corporations wear their values on their sleeves. (wsj.com)
- Not every tech company is pushing for a return to the office. (bloomberg.com)
- The Tesla ($TSLA) Cybertruck remains vaporware. (theinformation.com)
- Why it's hard to trust the data coming from tech companies. (om.co)
Hedge funds
- The battle is on for Sculptor Capital Management ($SCU). (wsj.com)
- Comparing the diversification benefits of CTAs vs. global macro hedge funds. (insights.finominal.com)
Economy
- Aging isn't great for economic growth. (ft.com)
- Americans are driving more, but still below pre-pandemic levels. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Adviser links: reducing portfolio volatility. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks 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)
