Quote of the Day
"The goal of gambling and investing is to avoid permanent losses and bet when the odds are in your favor."
(Novel Investor)
Chart of the Day

Eli Lilly ($LLY) and Novo Nordisk ($NVO) are still struggling to produce enough of the hot weight loss drugs. (chart via YCharts)
Markets
- Bonds are now competition for stocks. (ritholtz.com)
- November and December have been good months after a stock markete correction. (carsongroup.com)
Fund management
- Why it's hard for investors to quit Blackrock ($BLK). (riabiz.com)
- Vanguard is finalizing its exit from China. (pionline.com)
Advertising
- If the economy were bad, companies would be cutting back on advertising. (theirrelevantinvestor.com)
- Ads for the 2024 Super Bowl on CBS are sold out. (variety.com)
Media
- Disney ($DIS) is buying Comcast's ($CMCSK) stake in Hulu. (wsj.com)
- Hollywood needs to think outside the box for a more sustainable future. (variety.com)
- Why Hollywood loves horror movies. (bloomberg.com)
Economy
- How to judge what a 'soft landing' looks like. (disciplinefunds.com)
- Weekly initial unemployment claims are still not headed higher. (bonddad.blogspot.com)
- Asking rents are down year-over-year. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: bandwidth depletion. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: cheat days. (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)