Quote of the Day
"Great franchises protected by economic moats naturally attract capital, and companies with persistently high ROIC should, all else equal, command premium multiples to lower ROIC peers."
(Todd Wenning)
Markets
- Small caps have, relative to large caps, seen a lost decade. (ft.com)
- Joe Wiggins, "Everything within us and around us seems designed to interrupt the positive force of compounding." (behaviouralinvestment.com)
Crypto
- What you need to know about the new spot Ethereum ETFs. (theblock.co)
- The players in the spot Ethereum space look familiar. (blockworks.co)
- What happens when you at Ethererum to a 60/40 portfolio. (morningstar.com)
- Not surprisingly spot Ethereum ETFs are trading like crazy. (theblock.co)
- The Grayscale Ethereum Mini Trust ($ETH) is designed for the retail crowd. (axios.com)
Companies
- Starbucks ($SBUX) has attracted an activist investor in Elliott Management. (wsj.com)
- Japan's Round One is expanding its arcade operations in the U.S. (asia.nikkei.com)
Demographics
- Japan is going to greater lengths to facilitate marriages. (wsj.com)
- Why Americans are having fewer babies. (wsj.com)
Economy
- All things considered the American consumer is in good shape. (awealthofcommonsense.com)
- Where consensus global recession probabilities stand. (apolloacademy.com)
- The U.S. leads the world in low corporate tax rates. (entrylevel.topdowncharts.com)
Earlier on Abnormal Returns
- Research links: effective matching. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: eschewing certainty. (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)
