Quote of the Day
"The line between genius and idiocy is often walked by those who have reached the highest levels of achievement."
(Nick Maggiulli)
Markets
- The list of Europe's biggest stocks is filled with pharma companies. (euronews.com)
- Hedge funds have been underweight the Magnificent Seven. (ft.com)
Strategy
- Certainty sells. Nuance is what matters. (downtownjoshbrown.com)
- Don't invest in alternatives unless you are in it for the long run. (morningstar.com)
Private equity
- Private equity distributions are way off their highs. (finance.yahoo.com)
- Private equity has a growing interest in the child care industry. (theatlantic.com)
Finance
- Everybody wants a chunk of ODTE options trading volume. (finance.yahoo.com)
- Can you get busted for trading a rival's stock? (wsj.com)
- Hedge fund secrecy cuts both ways. (semafor.com)
Venture capital
- How Anthropic raised $7.3 billion in funding in the past year. (nytimes.com)
- Why tech-types are returning to San Francisco. (spyglass.org)
- VCs continue to distance themselves from investments in China. (nytimes.com)
Ray Dalio
- Fund managers are narrative creating machines. Investors need to look deeper. (investmentecosystem.com)
- What can we learn from Rob Copeland's "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend." (rationalreminder.libsyn.com)
Fund management
- Fund managers don't 'rubber stamp' proxy advisor recommendations. (morningstar.com)
- The future of ETFs is the multi-class structure. (thinkadvisor.com)
- What to look for in an index including 'Is it sensible?' (morningstar.com)
- Saba Capital has taken issue with the UK trust industry. (msn.com)
Sports betting
- Sports betting set a record handle in 2023. (insidehook.com)
- Apple's ($AAPL) new sports app acknowledges the world of sports betting. (spyglass.org)
- Draftkings ($DKNG) is expanding into online lotteries via the acquisition of Jackpot. (sportico.com)
Economy
- The Conference Board's LEI no longer signals recession. (mrzepczynski.blogspot.com)
- Inflation is still top of mind for consumers. (bonddad.blogspot.com)
- Services spending has not yet returned to pre-pandemic levels. (apolloacademy.com)
- Inflationary expectations can have long term effects. (papers.ssrn.com)
Earlier on Abnormal Returns
- Personal finance links: shaming and blaming. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: incremental risks. (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)