Quote of the Day
"In business and investing, you want to learn the big lessons about why things behave the way they do without assuming the past is a direct guide to the future, because it’s not – most of the details are not repeatable."
(Morgan Housel)
Chart of the Day
Blackstone ($BX) is pushing further into the apartment business with the purchase of Apartment Income REIT ($AIRC). (chart via YCharts)
Strategy
- It's way too easy to mislead someone with charts. (awealthofcommonsense.com)
- Once you start humble bragging, it's time to rein things in. (radreads.co)
Companies
- Taiwan Semi ($TSM) is doubling down on its U.S. production plans. (arstechnica.com)
- The path to a new and improved Paramount Global ($PARA) is complex. (finance.yahoo.com)
Global
- With a rate hike in the books, is Japan's economy finally normalizing? (on.ft.com)
- European companies are coming around to stock buybacks. (marketwatch.com)
- How India could help drive global economic growth. (bloomberg.com)
Economy
- The employment economy is humming along. (bonddad.blogspot.com)
- Where the manufacturing economy stands. (econbrowser.com)
Earlier on Abnormal Returns
- Adviser links: elder finances. (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)
Mixed media
- Om Malik, "And not just newsletters — even the rapidly expanding podcast ecosystem is following the all too familiar trajectory of increased output and decreasing quality." (om.co)
- Defunct publications are getting turned into AI-generated zombies. (fastcompany.com)
- Publisher search boxes will soon by AI-powered. (digiday.com)