Quote of the Day
"(T)he history of humans is the continual creation of new jobs to be done — jobs that couldn’t have been conceived of before they were obvious, and which pay dramatically more than whatever baseline existed before technological change."
(Ben Thompson)
Chart of the Day
Energy stocks have gone nowhere the past few years. (chart via YCharts)
Markets
- A look at emerging market stock performance in 2025. (novelinvestor.com)
- China tech stocks are having a moment. (mrzepczynski.blogspot.com)
- How to assess Japanese bank stocks. (mailchi.mp)
- A look at devloped market stock performance in 2025. (novelinvestor.com)
Strategy
- Investing lessons don't change on January 1st. (awealthofcommonsense.com)
- Portfolio liquidity is double-edge sword. (giftarticle.ft.com)
Versant
- Comcast spinoff Versant ($VSNT) is now trading. (cnbc.com)
- What is Versant, besides CNBC? (frontofficesports.com)
Global
- America's chip export controls are working. (noahpinion.blog)
- Europe has an organic growth problem. (mrzepczynski.blogspot.com)
- What is happening with the Russian economy? (econbrowser.com)
Venezuela
- All of the unknowns with American policy in Venezuela. (danieldrezner.substack.com)
- Regime change rarely goes how you think it will. (flyovertakes.substack.com)
- What do Venezuelans think? (theargumentmag.com)
- Increasing Venezuelan oil production is no small thing. (newyorker.com)
Economy
- Lower rents are one good sign for the American consumer. (morningstar.com)
- Nearly 40% of American homes don't have a mortgage. (apolloacademy.com)
Earlier on Abnormal Returns
- Adviser links: prospecting technologies. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on Abnormal Returns. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
