Quote of the Day
"Right now, a lot of people feel pretty poor because of the cost of shelter."
(Kyla Scanlon)
Strategy
- How popularity can drive a fund's returns, for aw a while at least. (wsj.com)
- Index investing never goes out of style. (humbledollar.com)
- On the legacy of Danny Kahneman. (albertbridgecapital.com)
Finance
- The biggest hedge funds are looking to offload capital to other managers. (wsj.com)
- Increased competition is already putting private credit at risk (economist.com)
- Another VC, Lightspeed Venture Partners, is registering as an RIA. (on.ft.com)
Apple
- Credit to Apple ($AAPL) for not overreacting to the AI hype. (spyglass.org)
- How Apple ($AAPL) had its hand forced on AI. (sixcolors.com)
- Nobody needs 'AI.' They need what is AI-enabled tools. (ben-evans.com)
Economy
- It's time for the Fed to cut rates. (disciplinefunds.com)
- Fast-moving measures of inflation are coming down. (econbrowser.com)
- Americans are wrong about the wrong costs, think housing health care and child care. (msn.com)
- But small business optimism stinks. (mrzepczynski.blogspot.com)
Earlier on Abnormal Returns
- Podcast links: experiencing pain. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: the chip war. (abnormalreturns.com)
- Father time is undefeated: on the impact of cognitive decline on financial outcomes. (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)
