Quote of the Day
"If you browse a corporate presentation and you see all the great things about the industry, the idea, the theme, the future, but very little about the economics of the business, it’s usually a no-brainer to stay away."
(The Brooklyn Investor)
Bonds
- The bond market bear market is pretty epic. (mrzepczynski.blogspot.com)
- Bond bear markets are different than stock bear markets. (disciplinefunds.com)
Equities
- Stop betting against America. (awealthofcommonsense.com)
- How time horizon affects the odds of investing in equities. (morningstar.com)
- How to avoid investment disasters. (brklyninvestor.com)
Fund management
- Vanguard is no longer always the low cost option. (thestreet.com)
- How has the first wave of semi-transparent active ETFs done? (etftrends.com)
Policy
- State and local Covid stimulus funds remain unspent. (reason.com)
- Nobody thinks FSAs are a good policy. (vox.com)
- The new Direct File program will not cover state returns. (arstechnica.com)
Economy
- Another chart crime debunked. (ritholtz.com)
- The apartment economy continues to loosen. (calculatedrisk.substack.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on Abnormal Returns. (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)
Mixed media
- Om Malik, "Yes, teenagers are spending a lot more time on social media — just not as much on what we old-timers call social media." (om.co)
- Alex Kantrowitz, "Since Musk bought the company in October 2022, it’s lost approximately 13% of its daily active users." (bigtechnology.com)
- Adam Singer, "Trust is extremely hard to acquire and takes years if not decades to build. So why would any brand let people tear this down in hours for a few fast/cheap clicks? It makes no sense." (hottakes.space)
