Quote of the Day
"If you want to gain followers, talk about your winners. If you want to gain the respect of your peers and keep your followers, talk about your losers. Postmortems are where the real learning happens."
(Ian Cassel)
Chart of the Day
Speaking of inflation, gas prices are muted. (chart via GasBuddy)
Strategy
- Sometimes things really are different this time. (awealthofcommonsense.com)
- Few investors are able to outperform a passive portfolio. (mrzepczynski.blogspot.com)
Companies
- Alphabet ($GOOGL) has never been this cheap relative to the market. (sherwood.news)
- Berkshire Hathway's ($BRK.A) stake in Occidental Petroleum ($OXY) has been a drag YTD. (barrons.com)
- GameStop ($GME) is sitting on a pile of cash, thanks to retail investors. (sherwood.news)
- Campbell Soup Company ($CPB) is dropping soup from its corporate name. (cnn.com)
AI
- The amount of capital pouring into AI is stunning. (wsj.com)
- How Oracle ($ORCL) is benefiting from the rise of AI. (wsj.com)
- Of course, xAI cut some corners. (sherwood.news)
Sports betting
- Fox plans to exercise its 18.6% option for FanDuel. (awfulannouncing.com)
- ESPN Bet is facing an uphill battle. (defector.com)
- Sports betting is not tax-free. (legalsportsreport.com)
China
- A look at China's price deflation. (scottsumner.substack.com)
- What China's EV boom looks like on the ground. (bigtechnology.com)
- Why Chinese consumers are buying luxury goods in Japan. (sherwood.news)
- Why China is planning to raise its retirement age. (semafor.com)
Economy
- August CPI showed 2.5% inflation year-over-year. (calculatedriskblog.com)
- Shelter price deflation has stopped. (bonddad.blogspot.com)
- The status of the jobs market is how you look at it. (ft.com)
- The falling risks of a recession. (apolloacademy.com)
- Asking rents are flat year-over-year. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: playing stupid games. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: reasonably efficient markets. (abnormalreturns.com)
- Elder financial fraud is only going up. Maybe AI can help. (abnormalreturns.com)
- Noted personal finance writer Jonathan Clements is dying. He still has plenty left to teach us. (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)
