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Quote of the Day
"Sunk costs wreak havoc with future decisions."
(Joe Wiggins)
Global
- The Bank of Japan has tweaked a policy causing a jump in the Yen. (cnbc.com)
- India's stock market is a positive outlier in 2022. (economist.com)
- Canada saw a rebound in maple syrup production in 2022. (ctvnews.ca)
Strategy
- It's hard to blow up your account without leverage. (bestinterest.blog)
- The best strategy is often doing nothing. (onveston.substack.com)
Companies
- How 'luxury conglomerate' LVMH keeps winning. (howardlindzon.com)
- Berkshire Hathaway ($BRK.A) is adding the son of one of its former directors to its board. (abcnews.go.com)
- 3M ($MMM) is discontinuing the production of PFAS, a 'forever chemical.' (wsj.com)
Real estate
- REITs are having a rough year. (marketwatch.com)
- Office building owners now also need to deal with increased energy efficiency standards. (ft.com)
Venture capital
- So-called 'crossover investors' are fleeing the VC market. (institutionalinvestor.com)
- Startups are turning to debt markets as equity funding dries up. (ft.com)
- When the IPO window reopens, Instacart and Databricks will be near the front of the line. (theinformation.com)
Finance
- E*Trade is making mutual fund trading free. (barrons.com)
- The best and worst ETFs of 2022 including the GraniteShares 1.25x Long Tesla Daily ETF ($TSL). (morningstar.com)
Vanguard
- Vanguard still needs to address it customer service woes. (morningstar.com)
- A rave review for Eric Balchunas' book "The Bogle Effect." (alphaarchitect.com)
Economy
- Housing construction is not yet a drag on economic growth. (bonddad.blogspot.com)
- It won't take much to bring buyers back into the housing market. (wapo.st)
- Joe and Tracy talk all things Fed with Tim Duy and Jon Turek. (bloomberg.com)
Earlier on Abnormal Returns
- Research links: phase changes. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: giving with awareness. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)







