Quote of the Day
"Let me first say that the least innovative thing any company can do in our industry is to buy business by giving someone cash."
(Walt Bettinger)
Chart of the Day
(finance.yahoo.com)Strategy
- Joe Wiggins, "It is important to remember that behavioural finance would be redundant if it were easy; if it wasn’t hard it wouldn’t be useful." (behaviouralinvestment.com)
- Investing requires a measure of optimism in the future. (ofdollarsanddata.com)
Fund management
- 15 more ideas from Seth Klarman's "Margin of Safety" including 'Investment must be thought of as more than stock selection or making a series of solid individual investment decisions.' (investmenttalk.co)
- It takes years, 5-8, to build/turnaround an endowment investment organization. (capitalallocators.com)
Finance
- Why everyone in finance seems to be doing deadlifts. (wealthmanagement.com)
- Copenhagen's Old Stock Exchange burned down. (reuters.com)
AI
- Microsoft ($MSFT) has invested $1.5 billion in Abu Dhabi-based G42. (ft.com)
- Why Apple ($AAPL) will talk more about AI. (spyglass.org)
- Some good uses for AI including 'Summarizing research papers.' (tomtunguz.com)
- AI needs more text! (semafor.com)
Airchat
Economy
- Industrial production was up in March but is flattish. (calculatedriskblog.com)
- What's going on with housing construction? (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Research links: better behavior. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: making the right decisions. (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)