Quote of the Day
"There are good presidents and bad ones, but it’s often difficult to disentangle how much of a president’s legacy is down to character, how much is down to skill, and how much is down to luck."
(Brian Klass)
Chart of the Day
Consumer staples continue to underperform the broader market. (via @allstarcharts)
Finance
- 2025 is setting up to be a consequential year for the Vanguard Group. (riabiz.com)
- Singapore has seen a steady drop in listed companies. (ft.com)
Fund management
- Investors poured more than $1 trillion into U.S. ETFs in 2024. (wsj.com)
- Crypto ETFs dominated the list of most successful launches in 2024. (etf.com)
Elon
- Foreign governments are rethinking their approach to Starlink in light of Musk's newfound power. (bloomberg.com)
- Elon Musk has moved his aim to German politics. (reuters.com)
- Is Elon Musk a national security risk? (nytimes.com)
Global
- The Lebanese economy is in shambles. (nytimes.com)
- Why you need to pay attention to the Panama Canal, and it has nothing to do with Trump. (fallows.substack.com)
Jimmy Carter
- Whoever was President from 1977-1980 was facing a difficult economic environment. (paulkrugman.substack.com)
- Carter led a great deregulation of the American economy. (politico.com)
- Jimmy Carter foresaw the need for more renewable energy. (newyorker.com)
- Rising health care costs were an issue even during the Carter administration. (time.com)
- Carter dared to argue that consumption isn't the ultimate human goal. (nytimes.com)
Economy
- Credit card writeoffs jumped in 2024. (ft.com)
- The domestic oil and gas industry is continuing to concentrate. (wsj.com)
Earlier on Abnormal Returns
- Adviser links: client feedback. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)
