Quote of the Day
"Anything that evolves – markets, technology, careers, etc – has to be approached with the mindset that once-great ideas can expire, and when they expire you’re better off walking away rather than attempting to repair them."
(Morgan Housel)
Strategy
- Hedge funds are piling into the Big Seven stocks. (ft.com)
- Diversification always means having something underperform. (ofdollarsanddata.com)
- Why moats matter. (investmenttalk.co)
Crypto
- Another domino falls in the crypto space as Binance CEO CZ plans to plead guilty to money laundering charges. (wsj.com)
- Meanwhile there are plenty of other goings-on in the exchange space. (blockworks.co)
Media
- Bob Iger is facing multiple challenges at Disney ($DIS). (on.ft.com)
- Paramount Global ($PARA) may be for sale, but who would be buying? (barrons.com)
Economy
- Higher goods prices are driving negative sentiment. (theirrelevantinvestor.com)
- Existing homeowners increasingly are reluctant to sell. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Research links: the downsides of diversification. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: a one-way street. (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)
