Quote of the Day
"You must direct your precious attention to your game as relentlessly as the psychos do to theirs. That’s the only way to decommodify yourself in a world that profits from your negligence of that duty."
(Kris Abdelmessih)
Chart of the Day
Check out the spread between Indian and Chinese government bond yields.
Surprises
- Stuff happens every year that no one foresaw. (ritholtz.com)
- How markets deal with surprises. (behaviouralinvestment.com)
- Yesterday shows how dependent the stock market is on the AI theme. (herbgreenberg.com)
Strategy
- Your allocation (or not) to international stocks matters, but not a lot. (ofdollarsanddata.com)
- Investing success is more about temperament than intelligence. (buildingthingsthatlast.substack.com)
Hardware
- Why Microsoft ($MSFT) should ditch the Xbox. (sherwood.news)
- 15 years in, the Apple ($AAPL) iPad is still the perfect computer for many users. (om.co)
AI
- Cheaper AI presumably means more, better applications. (bigtechnology.com)
- On the risk of stranded costs in the AI space. (axios.com)
- OpenAI should build its own browser. (spyglass.org)
ETFs
- The funds that have generated the greatest dollar gains for investors over the past decade. (morningstar.com)
- Who really needs buffered ETFs? (wsj.com)
Economy
- The November Case-Shiller report showed a 3.8% increase in national house prices. (calculatedriskblog.com)
- Apartment rents are down year-over-year. (apartmentlist.com)
Earlier on Abnormal Returns
- Research links: optimizing for costs. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: a strong indicator. (abnormalreturns.com)
- Why 'critical ignoring' is a crucial skill these days. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Are you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
