Quote of the Day
"Smart investors understand that innovative financial products don’t eliminate fundamental trade-offs—they merely repackage them in ways that might obscure the underlying risks."
(David Snowball)
Markets
- Market crashes happen. (morningstar.com)
- How to make the most of a market downturn. (fortunesandfrictions.com)
Finance
- Beware when a company touts it's stock, not its products. (herbgreenberg.com)
- Discord is talking IPO. (sherwood.news)
Fund management
- Active ETFs are nearing $1 trillion in AUM. (etf.com)
- A brief history of the Firsthand Technology Value Fund. (mutualfundobserver.com)
Streaming
- Picking good shows is harder than it looks, just ask YouTube. (variety.com)
- There's no movie older than 1973 on Netflix ($NFLX). (hollywoodreporter.com)
- How long should you watch a show before giving up? (statsignificant.com)
Economy
- Recessions have some permanent effects. (awealthofcommonsense.com)
- Still no meaningful pickup in weekly initial unemployment claims. (calculatedriskblog.com)
- Policy volatility can't be great for the economy. (danieldrezner.substack.com)
Earlier on Abnormal Returns
- Longform links: embracing risk. (abnormalreturns.com)
- There's no such thing as excess savings when you are on your own. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: financial independence. (abnormalreturns.com)
- The 2025 UBS Global Investment Returns Yearbook is out! (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)
