Quote of the Day
"The shift to remote work during the pandemic has been concentrated in places where there were already lots of people whose jobs could be done remotely."
(Justin Fox)
Chart of the Day
Even if you knew what would happen, doesn’t mean you will make money off of it. (via @charlibilello)
Markets
- Leveraged loans have put corporate bonds to shame in 2023. (wsj.com)
- On the parallels between sailing and investing. (scheplick.com)
Crypto
- Have so many big money management firms filed for a spot Bitcoin ETF? (blockworks.co)
- Why isn't the discount to NAV for the Grayscale Bitcoin Trust ($GBTC) even lower? (etf.com)
Pet care
- Why the pet industry is seeing secular growth. (fortunefinancialadvisors.com)
- Despite there being some shorter-term issues. (wsj.com)
Brad Stulberg
- David Epstein talks with Brad Stulberg author of "Master of Change: How to Excel When Everything Is Changing – Including You." (davidepstein.substack.com)
- Five insights from Brad Stulberg's new book "Master of Change: How to Excel When Everything Is Changing – Including You." (nextbigideaclub.com)
Economy
- Multi-family housing construction may have peaked. (bonddad.blogspot.com)
- Where key business cycle indicators stand. (econbrowser.com)
- Mexico is now the top trading partner for the U.S. (mrzepczynski.blogspot.com)
- The public sector is finally adding jobs. (wsj.com)
- In praise of ZIRP and the bubbles they spawn. (ft.com)
Earlier on Abnormal Returns
- Research links: the inevitability of losses. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: exciting financial plans. (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)
