Quote of the Day
"The bottom line is, whether you’re an ordinary investor or a billionaire, even modest mistakes can lead to monumentally bad outcomes. The trick to avoiding pitfalls, no matter how much money you have? Don’t try to score more wins. Just try to make fewer errors."
(Barry Ritholtz)
Strategy
- Risk is the cost of admission to the equity market. (bilello.blog)
- Investment mistakes compound over time. (behaviouralinvestment.com)
- Investors 'chasing yield' have fared poorly over time. (bloomberg.com)
Finance
- Capitol One ($COF) is between a rock and a hard place. (ft.com)
- Private equity firms love a good dividend recap deal. (bloomberg.com)
Apple
- Has Apple ($AAPL) lost the plot? (ben-evans.com)
- What it's like to watch a Metallica show on a Vision Pro. (spyglass.org)
Tesla
- Used Tesla ($TSLA) prices are falling faster than other brands. (sherwood.news)
- Lidar vs. cameras: a tale of the (safety) tape for autonomous vehicles. (youtube.com)
- Tesla ($TSLA) owners are kinda stuck. (chicago.suntimes.com)
Art
- A sign of weakness in the art market. (ft.com)
- Len and Louise Riggio were fantastic art collectors. (christies.com)
- The Art Institute of Chicago is returning a 12th-century statue of the Buddha to Nepal. (smithsonianmag.com)
DOGE
- If DOGE wanted to do things right, they could. (wired.com)
- Cutting the IRS will likely lead to less revenue and voluntary compliance. (wsj.com)
- What's the point of making it harder to reach the SSA? (paulkrugman.substack.com)
Earlier on Abnormal Returns
- Personal finance links: inevitable market storms. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: your web presence. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Are you signed up for daily e-mail newsletter? Well, you should be. (abnormalreturns.com)
