Quote of the Day
"Your willingness to believe something is influenced by how much you want and need it to be true."
(Morgan Housel)
Forecasts
- Another year where ignoring market forecasts paid off. (mathinvestor.org)
- Everything forecasters got wrong in 2023. (mrzepczynski.blogspot.com)
- The case for 'realistic optimism' when it comes to the markets. (contessacapitaladvisors.com)
- Jeff Sommer, "Hope for the best, prepare for the worst and get on with life." (nytimes.com)
Strategy
- The stock market was up big in 2023, but it wasn't easy. (theirrelevantinvestor.com)
- It's hard to overstate how impressive the Magnificent Seven have been. (awealthofcommonsense.com)
- You can only benefit from a stock market recovery if you are invested. (humbledollar.com)
- How many recessions will an investor experience over a lifetime? (mrzepczynski.blogspot.com)
Finance
- A profile of Greg Abel CEO of Berkshire Hathaway ($BRK.A) Energy. (wsj.com)
- The SEC is getting dragged kicking and screaming to approve a spot Bitcoin ETF. (davidgerard.co.uk)
- The end of the venture capital boom is unearthing frauds and scams. (nytimes.com)
Policing
- Why perceptions of crime are out of sync with the statistics. (nbcnews.com)
- Why are police solving fewer crimes? (vox.com)
Policy
- Homelessness is not just a problem for large cities. (wsj.com)
- The employee-retention tax credit, or ERC, is a hot mess. (wsj.com)
- What's behind the move to rehabilitate Richard Nixon's image? (politico.com)
- On the systematic efforts to keep Clarence Thomas on the court and swimming in cash. (propublica.org)
- The case for more U.S. immigration. (time.com)
Books
- The 16 best books of 2023 including "Fire Weather: A True Story from a Hotter World" by John Vaillant. (wired.com)
- Some favorite books from 2023 including "Excellent Advice for Living: Wisdom I Wish I’d Known Earlier" by Kevin Kelly. (themarginalian.org)
- Notable psychology books of 2023 including "Fool Proof: How Fear of Playing the Sucker Shapes Our Selves and the Social Order—And What We Can Do about It" by Tess Wilkinson-Ryan. (behavioralscientist.org)
- The 10 best tech books of 2023 including "Numbers Go Up" by Zeke Faux. (theverge.com)
- More books from 2023 including "The Urge: A History of Our Addiction" by Dr. Carl Erik Fisher. (daily.jstor.org)
- The books authors read in 2023 including "Horse" by Geraldine Brooks. (shepherd.com)
Economy
- You can't guarantee a soft landing just yet. (econbrowser.com)
- The economic schedule for the coming holiday-shortened week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (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 adviser-focused newsletter. (newsletter.abnormalreturns.com)