Quote of the Day
"In this sense, permabears will always be right for risk-off-type investors, because they’ll never lose money."
(Sam Ro)
Markets
- The credit markets are very different than they were in 2009. (semafor.com)
- Despite a slowdown, the warehouse industry is raising rents. (wsj.com)
IPOs
- Shopify ($SHOP) is a winner in the Klayvio ($KVYO) IPO. (theinformation.com)
- Is the IPO window really that open? (ft.com)
Books
- A review of "The Missing Billionaires: A Guide to Better Financial Decisions" by Victor Haghani and James White. (economist.com)
- The six finalists for the Financial Times and Schroders Business Book of the Year Award include "Right Kind of Wrong: Why Learning to Fail Can Teach Us to Thrive" by Amy Edmondson. (ft.com)
Apple
- Why Apple ($AAPL) has failed to build its own modem chip. (wsj.com)
- The iPhone 15 Max upgrade was low-key, but may be worthwhile. (daringfireball.net)
- Some new of Apple's ($AAPL) multi-platform features. (sixcolors.com)
- Why the AirPods Pro 2 are way better the original version. (daringfireball.net)
- What's new in iOS 17. (arstechnica.com)
Airbnb
- How Airbnb ($ABNB) is trying to improve the user experience. (axios.com)
- How Airbnb ($ABNB) has cut down on the number of prohibited parties. (cnbc.com)
Fund management
- Don't get too excited about any recent outperformance by active managers. (ft.com)
- Morningstar ($MORN) is cutting jobs in its Sustainalytics unit. (etf.com)
Economy
- The Fed has hiked 11 of the last 13 meetings. (thebasispoint.com)
- Despite lower initial unemployment claims the unemployment rate is still set to tick higher. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Longform links: embracing mediocrity. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the need to impress. (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)
