Quote of the Day
"Market crashes aren’t new. They’ve happened before, and they’ll happen again. What matters isn’t the crash itself—it’s how you respond."
(Vishal Khandelwal)
Chart of the Day
Even with low nominal fees, Vanguard is the asset management bigfoot.
Markets
- Want to hedge inflation? Buy stocks. (axios.com)
- Why investors need to consult primary sources. (newsletter.rationalwalk.com)
Finance
- Why gold traders are shipping bullion from London to New York. (wsj.com)
- A cool thing about the hedge fund industry is that success comes in a lot of different ways: the case case of QRT. (bloomberg.com)
- Would you read a sell-side research report written by AI? (ft.com)
- The NYSE is launching an exchange in Texas. (axios.com)
Companies
- Amazon ($AMZN) ordered workers back into the office. The company wasn't prepared. (wsj.com)
- Why Hims & Hers Health ($HIMS) spends so much on marketing. (theatlantic.com)
- Why Dr. Bronner's is dropping is B-Corp certification. (fastcompany.com)
Tariffs
- How tariffs could affect something, seemingly unrelated, like auto insurance rates. (wsj.com)
- Aluminum tariffs could mean more plastic bottles produced. (msn.com)
- How tariffs could raise the costs for microbrewers. (cnn.com)
- Trump is betting people won't hold him accountable for higher prices. (theatlantic.com)
Economy
- Still no meaningful pickup in weekly initial unemployment claims. (calculatedriskblog.com)
- The argument against a meaningful resurgence in consumer inflation. (disciplinefunds.com)
Earlier on Abnormal Returns
- Longform links: built not born. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the immense role of luck. (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)
