Quote of the Day
"In fact, a declining saving rate may be a reflection of household finances getting even stronger."
(Sam Ro)
Chart of the Day

Despite some weakness in Apple ($AAPL), Berkshire Hathaway ($BRK.A) stock is near an all-time high. (chart via @ycharts)
Finance
- Goldman Sachs ($GS) wants to sell HNW clients a piece of a sports franchise. (frontofficesports.com)
- Why seed stage valuations haven't dropped as much as you would think. (hunterwalk.com)
Fund management
- How securities lending works. (morningstar.com)
- A new ETF looks to generate income from selling daily options. (reuters.com)
Apple
- Insights from this week's big Apple event. (daringfireball.net)
- How the Apple ($AAPL) iPhone Pro 15 got lighter. (leancrew.com)
- Why you should buy your new iPhone from Apple ($AAPL) directly. (lefsetz.com)
- The repairability of Airpods is pretty bad. (vox.com)
- In praise of the Lightning cable. (theverge.com)
Ukraine
- Instead of criticizing, the West can learn a lot from the conduct of war in Ukraine. (msn.com)
- What the war in Ukraine is teaching the U.S. about its own (lack of) capabilities. (msn.com)
Policy
- ExxonMobil ($XOM) knew for a long time about climate science. (wsj.com)
- How the end of Roe v. Wade has affected women's feelings toward pregnancy. (politico.com)
- Why market economics doesn't necessarily work in health care. (bostonreview.net)
- Why so few people are able to access substance abuse treatment. (longreads.com)
- Populism is bad for a country's economy. (marginalrevolution.com)
Economy
- Shouldn't there be more layoffs by now? (economist.com)
- American households are in pretty good financial shape. (awealthofcommonsense.com)
- Shelter prices are going to continue to be a tailwind for consumer prices. (disciplinefunds.com)
- Michael Klein talks with Peter Blair-Henry about research into disinflation patterns across the globe. (econofact.org)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- The question with emerging market equities is if, not when. (abnormalreturns.com)
- The return on hassle is a real thing. (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)