Quote of the Day
"The problem is no one is immune to the siren song of FOMO. Even the most brilliant people in the world can be blinded by money emotions."
(Ben Carlson)
Chart of the Day
Gasoline prices are back down to multi-year lows. (chart via GasBuddy)
Markets
- A look at the best performing stocks of the past 20 years. (bespokepremium.com)
- The great bond bull market is over. (mrzepczynski.blogspot.com)
Strategy
- No one is immune from investment FOMO. (awealthofcommonsense.com)
- How much foreign equity does your target-date fund own? (wsj.com)
Finance
- The ownership base of Berkshire Hathaway ($BRK.A) stock is set to dramatically change. (newsletter.rationalwalk.com)
- What happens to Microstrategy ($MSTR) if Bitcoin were classified as a security? (ft.com)
- BlackRock ($BLK) reportedly has a deal to buy HPS Investment Partners, a private credit manager. (ft.com)
Retail
- How Target ($TGT) lost its shine. (wsj.com)
- Black Friday sales are now more annoying than ever. (economist.com)
- Christmas tree farming is harder than ever. (wsj.com)
Social media
- Australia just voted into law a social media ban for children under the age of 16. (theverge.com)
- Don't kid yourself, you don't own your Twitter handle. (axios.com)
- Bluesky posts are getting a lot more engagement. (sherwood.news)
- Elon Musk admits that X throttles links. (wapo.st)
Global
- Why Hong Kong's real estate market is unlikely to come back. (economist.com)
- London's 1000 year old meat and fish markets are set to close. (abcnews.go.com)
- Stolen civil service tests in India are a hot commodity. (nytimes.com)
Economy
- The Russian Ruble is tumbling in value. (sherwood.news)
- Five economic reasons to be thankful including 'Low unemployment claims. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Podcast links: recycled guests. (abnormalreturns.com)
- Longform links: prediction machines. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a boring portfolio. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
Mixed media
- NPR staff picks for the best books of 2024 including "The Formula: How Rogues, Geniuses, and Speed Freaks Reengineered F1 into the World's Fastest-Growing Sport" by Joshua Robinson and Jonathan Clegg. (apps.npr.org)
- The ten best history books from 2024 including "Wide Awake: The Forgotten Force That Elected Lincoln and Spurred the Civil War" by Jon Grinspan. (smithsonianmag.com)
- Some books to read this Winter including "What I Ate in One Year" by Stanley Tucci. (newyorker.com)







