Quote of the Day
"No one could really look at the U.S. economy today and say that the policy choices of the past three years made us poorer. Yet that, of course, is precisely how many Americans feel."
(James Surowiecki)
Chart of the Day
Bitcoin has doubled in price since the collapse of FTX a year ago. (chart via YCharts)
Strategy
- The 40 of the 60/40 portfolio is finally earning people something. (awealthofcommonsense.com)
- There's still no sign of a turn in the trend favoring U.S. vs. international equities. (allstarcharts.com)
- The case for bonds. (blogs.cfainstitute.org)
Energy
- Solar panel manufacturing is finally on the rise in the U.S. (nytimes.com)
- Why the cancellation of the NuScale, small modular reactor, project is such a bummer. (wired.com)
- Blackrock ($BLK) is investing in an Occidental Petroleum ($OXY) direct air capture project. (wsj.com)
- The U.S. has a shortage of utility poles. (wsj.com)
Restaurants
- Why your latte costs so much more of late. (wapo.st)
- Americans love their drive-thrus. (nytimes.com)
- What is Sweetgreen up to in the kitchen? (fastcompany.com)
Earlier on Abnormal Returns
- Podcast links: the power of TV. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: being and doing. (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
- How did concert ticket prices get so high, so fast? (variety.com)
- Higher concert ticket prices are making people choosier. (wsj.com)
- Five insights from "High Bias: The Distorted History of the Cassette Tape" by Marc Masters. (nextbigideaclub.com)
- At what age do pop stars release their best-selling album? (chrisdallariva.substack.com)
