Quote of the Day
"In a world where everything seems to be falling apart and so much is beyond my control, there is something deeply empowering about this simple, weird act."
(Ryan Holiday)
Chart of the Day
The stock market has seen 30 new all-time highs this year. (via @ryandetrick)
Strategy
- Why the math behind picking winning stocks is so challenging. (tker.co)
- Illiquidity and a bubble are a bad combination. (harveysawikin.substack.com)
- Five insights from David Gardner's book "Rule Breaker Investing: How to Pick the Best Stocks of the Future and Build Lasting Wealth." (nextbigideaclub.com)
ETFs
- Leverage isn't free. A look at the hidden costs of levered ETFs. (wsj.com)
- The ETF industry has seen more than $900 billion in inflows this year. (wsj.com)
Real estate
- New York City office vacancy rates are at five-year lows. (nypost.com)
- The immigrant exodus is hitting South Florida's housing market. (wsj.com)
Nuclear
- Gregor Macdonald, "Wind and solar have trounced nuclear in the market for new generation—and again, this is final, this will never change; the race was over long ago." (coldeye.earth)
- Modular nuclear power startup stocks have gotten ahead of themselves. (semafor.com)
- What Americans think of nuclear power. (betonit.ai)
Economy
- Alternate measures show jobs growth slowing. (bonddad.blogspot.com)
- Los Angeles' entertainment economy is struggling. (wsj.com)
- A well-functioning economy needs a well-functioning labor market. (agglomerations.substack.com)
Earlier on Abnormal Returns
- Podcast links: the AI build out. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: an exit strategy. (abnormalreturns.com)
- Be more human, because the alternative is taken. (abnormalreturns.com)
- Don't miss out! Sign up for daily e-mail newsletter. (abnormalreturns.com)
