Quote of the Day "We always need to be working on our old patterns, even as we tackle new ones." (Brett Steenbarger) Chart of the Day A growing percentage of stocks are off their lows. (allstarcharts.com) Markets FTX Odds Economy Earlier…
Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at the continued growth in the ETF business. The biz Companies Finance Non-finance
Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at how the influencer has overtake the celebrity spokesperson. Quote of the Day "There are an awful lot of folks who seem…
Quote of the Day "The next time someone pumps you an investment opportunity, consider how narrow future events need to be for it to work properly." (Rubin Miller) Chart of the Day The price of a used Tesla ($TSLA) has dropped…
Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how sudden wealth can change us. Quote of the Day "Whenever possible, create automated, repeatable systems for your biggest financial…
Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out including a look at why our understanding of complex systems is limited. Quote of the Day "An economic model is just a forecast until it is…
Quote of the Day "When investors are able to take short positions in speculative investments—that is, to bet that their prices will go down—that helps to keep prices in check." (Adam M. Grossman) Chart of the Day Bob Iger has returned…
Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at the importance of ‘frailty risk.’ Quote of the Day "Setting client expectations is a key determinant of your success…
Quote of the Day "We should lay to rest the myth that those who are best at articulating grand visions also possess the kind of universal competence required to create companies of lasting value." (Christopher Mims) Chart of the Day The…
On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check out last week’s edition here. Have a great weekend! Quote of the Day "Making good choices is an endless…
Quote of the Day "Our future well-being depends on investors that finance crazy ideas. But it also depends on laws that punish executive teams that lie, steal, and forge documents." (Dror Poleg) Chart of the Day It’s getting harder to ignore…
Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at the long history of interest rates. The biz Companies ETFs Finance Non-finance
Quote of the Day "The overriding goal of policymakers should be to keep crypto systemically irrelevant." (Stephen Cecchetti and Kim Schoenholtz) Chart of the Day Coinbase ($COIN) debt trades around 57 cents on the dollar. (chart via @ycharts) (wsj.com) Markets Lessons…
Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at why you aren’t quitting Twitter any time soon. Quote of the Day "Convincing people to buy something regardless of its underlying…
Quote of the Day "Bubbles and frauds not only prey on similar human behaviours, at times they can become one and the same thing." (Joe Wiggins) Chart of the Day Homebuilder stocks are bouncing back. (chart via @ycharts) (wsj.com) Strategy Activists…
Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how grandparenting affects your health. Quote of the Day "We constantly plan and worry about things that never happen. Wouldn’t…
Quote of the Day "Decentralized finance is full of experiments to find new ways of doing so. It is also full of even more experiments to defraud people. This is a tragedy." (Dror Poleg) Chart of the Day France’s stock market…
Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out including a look at the intangible value of political influence. Quote of the Day "It is tremendously humbling to recognize how little we actually know and…
Quote of the Day "I’m not going to mince words. The fraud-driven collapse of FTX and Alameda Research is, in my estimation, the worst single event in the crypto industry since its inception." (Nic Carter) Chart of the Day The discount…
Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at a new compliance headache for advisory firms. Quote of the Day "Honestly, the success of managing sudden wealth, especially…
Quote of the Day "Focusing on what’s never going to change is more important than trying to anticipate how something might change." (Morgan Housel) Chart of the Day The Dow is leading the market. (allstarcharts.com) Markets FTX Companies States Policy research…
On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check out last week’s edition here. Have a great weekend! Quote of the Day "People want to do right by…
Quote of the Day "We’re not out of the woods yet in terms of inflation. It’s nice to see, but it’s only one month. And the truth is, we’re never out of the woods." (Michael Batnick) Chart of the Day Value,…
Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at Apple’s choke hold on online advertising. The biz Financial history Startups Finance Non-finance
Quote of the Day "The boundary between investment and entertainment has disappeared as markets spilled over to Twitter and Reddit." (Jack Raines) Chart of the Day Rapidly rising interest rates have put us into a different market regime. (mrzepczynski.blogspot.com) Markets Strategy…
Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at what artists do best. Quote of the Day "None of us can outrun tragedy indefinitely." (Joy Lere) Books Conventional wisdom Social…
Quote of the Day "It’s no coincidence that most of the all-time great investors — Benjamin Graham, Warren Buffett, Howard Marks, Peter Lynch, etc. — had the innate ability to explain their investment process in a way that everyone could understand…
Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the realization that a car is just a car. Quote of the Day "I am so optimistic on people solving…
Quote of the Day "As long as your core retirement portfolio is indexed, you can play around on the margins without much harm." (Burton Malkiel) Chart of the Day The AXS Short Innovation Daily ETF ($SARK) has effectively trolled ARK advocates.…
Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out including a look at the secular decline in long-short hedge funds. Quote of the Day "High return on capital persists, and higher profitability is better" (Greg…
Quote of the Day "You can’t possibly know everything there is to learn in the vast history of the world, but with every book you read, the fingerprints of history start to fill in the gaps." (Michael Batnick) Chart of the…
Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at how to best calculate Roth IRA conversions. Quote of the Day “The RIA model’s going to keep winning. We…
Quote of the Day "Some of the most important topics are the hardest to teach, and real world experience is the only school." (Morgan Housel) Chart of the Day The trillion dollar market cap club is shrinking. (chart via @ycharts) (visualcapitalist.com)…
On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check out last week’s edition here. Have a great weekend! Quote of the Day "Successful outsiders design easier paths." (Mike…
Quote of the Day "One of the most useful things you can do in investment is articulate a small number of principles and beliefs that can drive your decisions." (Dan Mikulskis) Chart of the Day (on.ft.com) Strategy Old school Crypto Books…
Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at how an idea becomes a podcast. Listening Companies Inflation Finance Non-finance
Quote of the Day "No one ever achieved great things by staying safely within the realm of consensus." (Brett Steenbarger) Chart of the Day (twitter.com) Companies Finance Media Global Economy Earlier on Abnormal Returns Mixed media
Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at how Russian oligarchs keep their vast wealth hidden. Quote of the Day "When storytellers are held hostage by their own audiences,…
Quote of the Day "The sub-optimal portfolio you stick with in the long-run is likely to do better than the “optimal” portfolio you constantly question in the short-term." (Cullen Roche) Chart of the Day What job openings tell us about the…
Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why not everyone needs a separate emergency fund. Quote of the Day "Each day’s news offers little of value to…
Quote of the Day "Capitalism can’t function without a healthy system of accounting." (Adrian Woolridge) Chart of the Day Berkshire Hathaway ($BRK.A) has been buoyed by the energy stock rally. (chart via @ycharts) (markets.businessinsider.com) Markets Strategy Companies Finance Venture capital Funds…
Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out including a look at carbon credits as a portfolio diversifier. Quote of the Day "Buying infrastructure investments as an inflation hedge only works if you have…
Quote of the Day "Reading old finance articles makes you feel like the ancient past was no different than today – the opposite feeling you get reading old medical commentary." (Morgan Housel) Chart of the Day The S&P 500 has never…
Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at how rising interest rates are affecting a range of outcomes. Quote of the Day "Riddle me this: everyone loves…
Quote of the Day "Everyone, everywhere, doing almost any task, is just in pursuit of finding some space between expectations and reality." (Morgan Housel) Chart of the Day Fifth place is on the line. Berkshire Hathaway ($BRK.A) is catching up to…
On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check out last week’s edition here. Have a great weekend! Quote of the Day "The secret is to only acquire…
Quote of the Day "In this world, the economy is just sort of blah for a long while and we slog along full of uncertainty." (Allison Schrager) Chart of the Day There’s always stuff going on below the surface of the…
Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at claims of IP theft in the world of podcasting. The biz Business Finance
Quote of the Day "Delivery and on-demand are part of that future. We just have not found the right economic models for it." (Om Malik) Chart of the Day The past two and half (extraordinary) years for the U.S. economy in…
Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at what makes for a great general manager. Quote of the Day "Many of the current core internet services will be intermediated…