Quote of the Day
"Kahneman’s work helped us better understand how we perceive the world around us; and how those attempts to make sense of events often fooled us into believing things we should not. He helped humanity move forward."
(Barry Ritholtz)
Chart of the Day
Fund management
- Target date funds held some $3.5 trillion in assets though 2023. (pionline.com)
- BlackRock’s iShares Bitcoin ETF ($IBIT) now holds over 250,000 Bitcoin. (theblock.co)
Companies
- Amazon ($AMZN) is investing another $2.75 billion Anthropic. (cnbc.com)
- Trump Media ($DJT) is the new meme stock. (theatlantic.com)
Food delivery
- Hotel guests want easy access to food delivery. (wsj.com)
- Americans are increasingly turning to convenience stores for their food. (barrons.com)
Sports gambling
- Sports gambling is only going to spawn more scandals. (huddleup.substack.com)
- A sports gambling backlash is brewing. (bloomberg.com)
Economy
- Still no meaningful uptick in weekly initial unemployment claims. (bonddad.blogspot.com)
- 49 of 50 states showed positive coincident indicators through January. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Longform links: enduring communication. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a completely personal decision. (abnormalreturns.com)
- Everything has an opportunity cost, everything. (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)