Quote of the Day
"We sometimes fall into the trap of believing that being strong means being unemotional. That's not at all the case."
(Brett Steenbarger)
Chart of the Day
Small cap stocks haven’t hit a 52-week high in nearly two years. (via @jasongoepfert)
Markets
- Why aren't stocks down more? (theirrelevantinvestor.com)
- The stock-bond correlation does one thing: it changes. (fa-mag.com)
- Stocks outperform bonds over the long run, but not every year or even decade. (bestinterest.blog)
60/40 portfolios
- Where the valuation of the 60/40 portfolio stands. (morningstar.com)
- Why the 60/40 portfolio endures. (demystifyingmarkets.com)
Strategy
- On the importance of being able to sit on your hands. (marknewfield.substack.com)
- Why identifying a company's moat is so important. (flyoverstocks.com)
Private equity
- Private equity badly wants in on your IRA. (wealthmanagement.com)
- Silver Lake wants to Endeavor Group Holdings ($EDR) private. (wsj.com)
- The Hipgnosis Songs Fund is going to restructure. (variety.com)
- On the irony of having pension funds depending on private equity returns. (unherd.com)
AI
- AI is already driving cloud computing uptake. (tomtunguz.com)
- Nightshade is a tool artists can use to corrupt their data in AI models. (technologyreview.com)
- Copyright law was not built with AI in mind. (vox.com)
Economy
- The U.S. economy grew at a 4.9% rate in Q3. (calculatedriskblog.com)
- Jobless claims continue to hover near their lows. (bonddad.blogspot.com)
- How stubborn will the last phase of disinflation be? (mikekonczal.substack.com)
Earlier on Abnormal Returns
- Longform links: underrepresented corners of the world. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: avoiding panicky financial decisions. (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)
