Quote of the Day
"The hardest part of achieving a great long-term investment track record is over half the time your returns will look average."
(Ian Cassel)
Chart of the Day
(visualcapitalist.com)Markets
- Where are real interest rates going to settle? (mrzepczynski.blogspot.com)
- Domestic equities are expensive relative to international equities. (apolloacademy.com)
Strategy
- Stocks usually beat bonds and cash, but not all the time. (awealthofcommonsense.com)
- How to identify an investor who has gotten too attached to a stock. (investmenttalk.co)
Companies
- What went wrong at Boeing ($BA)? (theatlantic.com)
- Fedex ($FDX) wants to compete with Amazon ($AMZN) on e-commerce fulfillment. (theverge.com)
- Companies are increasingly shelling out for private jets for CEOs. (wsj.com)
Housing
- Baby boomers are holding onto their large houses. (redfin.com)
- Household mortgage debt as a percentage of GDP has been dropping since 2008. (calculatedrisk.substack.com)
- Why is it so hard to build a house in the UK? (ft.com)
Economy
- How's the consumer doing? (theirrelevantinvestor.com)
- Financial conditions are easing. (apolloacademy.com)
Earlier on Abnormal Returns
- Research links: a handy framework. (abnormalreturns.com)
- Adviser links: limited progress. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)