Quote of the Day
"The bottom line is that dividend-growth strategies are basically quality strategies."
(Larry Swedroe)
Chart of the Day
The bond market doesn’t love higher for longer. (chart via YCharts)
Markets
- These 15 stocks destroyed the most value in the past decade. (morningstar.com)
- Is the worst over for the UK stock market? (ft.com)
Strategy
- All-time highs shouldn't prevent you from investing in the stock market. (theirrelevantinvestor.com)
- What perma-bears get wrong about this stock market. (theatlantic.com)
Financial media
- Robinhood-backed ($HOOD) Sherwood News has launched. (axios.com)
- Veteran stock watcher Herb Greenberg has helped launch 'Wall Street Street Beats.' (herbgreenberg.substack.com)
Companies
- What does it mean for a company to be a 'compounder'? (oldropenewsletter.substack.com)
- Companies are still coming to terms with higher for longer interest rates. (compounderspod.substack.com)
Finance
- M&A volume is picking up. (apolloacademy.com)
- Big banks are testing AI to replace the grunt work done by early career analysts. (nytimes.com)
- Fidelity is getting in on the option ETF game. (thinkadvisor.com)
Smartphones
- Voice dictation is only getting better. (theatlantic.com)
- More users are turning to dumphones. (newyorker.com)
- Google Assistant is not that great. (sherwood.news)
Meat
- Meatpacking plants are boosting their automation efforts. (wsj.com)
- Why bans on cultured meat are all about politics. (thecooldown.com)
- What is the right approach to eating meat? Better and less. (modernfarmer.com)
Global
- Simon Nixon, "Brexiteers also took the stock market for granted." (nixons.substack.com)
- How fast is India's economy really growing? (economist.com)
- American drone systems have been a disappointment for Ukraine. (wsj.com)
Economy
- Cullen Roche, "The bottom line is that we’re still digesting the Covid boom and the leftovers of the Covid inflation." (disciplinefunds.com)
- Weekly initial unemployment claims continue to bounce along the bottom. (bonddad.blogspot.com)
- Why economic cycles are now more muted. (nytimes.com)
- Without immigration, the working age population in the U.S. would be shrinking. (bloomberg.com)
Earlier on Abnormal Returns
- Longform links: changing your mind. (abnormalreturns.com)
- Some interesting developments in the financial media space. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a psychological decision. (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)