Quote of the Day
"Truly accepting that whatever way you choose to invest cannot always be the best and that occasionally the stock market will go down a lot is liberating. That mindset eliminates the fear."
(Roger Nusbaum)
Markets
- Asset class returns were pretty green in 2023 except for commodities. (on.spdji.com)
- Some of the best charts of 2023. (entrylevel.topdowncharts.com)
Bitcoin
- A price war has already broken out for the yet-to-be-launched spot Bitcoin ETF. (theblock.co)
- Spot Bitcoin ETFs will be run by the biggest financial players on the planet. (blockworks.co)
Companies
- How Stanley ($SWK) turned the Quencher into a hot consumer product. (cnbc.com)
- Boeing ($BA) stock is below where it was before the Covid pandemic (on.ft.com)
- Uber ($UBER) provide a public service by reducing alcohol-related traffic fatalities. (marginalrevolution.com)
ETFs
- ETFs largely escaped having to issue capital gains in 2023. (ft.com)
- Active fund managers, like T Rowe Price ($TROW), are struggling in the ETF era. (on.ft.com)
VC
- Three trends affecting the VC industry including compressed alpha. (twitter.com)
- The tide went out in 2023 exposed all manner of poor prior decisions. (semilshah.com)
- The AI chatbot changed the world in 2023. (avc.com)
Health care
- In a study, private equity-owned hospitals have higher rates of serious medical complications. (nytimes.com)
- Why prices can vary so much by hospitals in the same geography. (bloomberg.com)
Policy
- More of government should work like Operation Warp Speed. (theatlantic.com)
- The DOE has successfully timed the oil market. (wsj.com)
- Cities and states can't avoid the siren song of publicly funded stadiums. (huffpost.com)
- Do LAPD's helicopters actually accomplish anything? (newyorker.com)
- Good news on the immigration front. (marginalrevolution.com)
Global
- Home ownership is out of reach for an increasing number of Australians. (bbc.com)
- Belarus is complicit in the abduction of Ukrainian children. (npr.org)
- Human population may soon peak. (nytimes.com)
Economy
- The economic graph of 2023. (bonddad.blogspot.com)
- The American manufacturing economy is bumping along. (wsj.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly adviser-focused newsletter. (newsletter.abnormalreturns.com)