Quote of the Day
"It’s the media’s job to entertain, creating as much noise as possible. As an investor, it is your job to ignore this noise and stick with your long-term portfolio and plan."
(Charlie Bilello)
Chart of the Day
Gasoline prices are at their lowest level since May 2021. (chart via GasBuddy)
Markets
- 7 lessons from 2024 including 'Returns are lumpy.' (bilello.blog)
- The stock market is up big in 2024, but these stocks are down big. (sherwood.news)
Annual outlooks
- It's always going to be a 'stockpicker's market' in strategist outlook pieces. (ft.com)
- Every asset manager's annual outlook reads the same. (behaviouralinvestment.com)
Financial writing
- Nick's favorite investment writing from 2024 including 'No Regrets' by Jonathan Clements. (ofdollarsanddata.com)
- Lessons learned from the most popular Wall Street memoirs in 2024. (bloomberg.com)
- Parmy Olson's "Supremacy: AI, ChatGPT, and the Race That Will Change the World" won the 2024 FT and Schroders Business Book of the Year. (talkingbiznews.com)
Companies
- How to save Intel ($INTC). (stratechery.com)
- Nvidia ($NVDA) really does work differently. (drorpoleg.com)
- Do corporate HQs really matter any more? (bloomberg.com)
Retail
- Vinted wants to become “the Amazon of secondhand.” (wsj.com)
- You can now buy a car on Amazon ($AMZN). (wired.com)
Cruise ships
- Disney ($DIS) is doubling down on the cruise business. (qz.com)
- How much would you pay for a year at sea? (sherwood.news)
Syria
- What next for Syria? (unchartedterritories.tomaspueyo.com)
- Most Syrians have never experienced anything resembling freedom, even temporarily. (theatlantic.com)
Economy
- Outside of shelter, inflation is still pretty quiescent. (bonddad.blogspot.com)
- Consumer inflation expectations have normalized. (capitalspectator.com)
- Ten surprising facts about the labor economy including 'Work continues to untether from the workplace.' (agglomerations.substack.com)
Earlier on Abnormal Returns
- Research links: retail order flow. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: confident humility. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)







