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
(twitter.com)Strategy
- The normalization of interest rates is going to change how people invest. (blairbellecurve.com)
- Why investors overreact to recent fund performance. (behaviouralinvestment.com)
- Why wealthy investor don't invest aggressively enough. (ft.com)
Succession
- Bob Iger messed up succession at Disney ($DIS). Now he has a chance to fix it. (vox.com)
- Why Jack Welch regrets name Jeff Immelt his successor at GE ($GE). (nytimes.com)
- Why Berkshire Hathaway ($BRK.A) should split its A shares. (rationalwalk.com)
Companies
- Trung Phan, "Traditional consumer brands without a successful content play are stuck spending huge dollars on advertising." (wapo.st)
- Alternative meat companies have been unable to turn early interest in profits. (wsj.com)
- Big Tech voice assistants are a feature, but don't seem to be a business. (arstechnica.com)
Venture capital
- Just how deep in the hole is Masayoshi Son on his Vision Fund 'investments'? (ft.com)
- The 2022 fundraising scene is completely different than the prior 11 years. (tomtunguz.com)
- What a second time founder knows that a first timer doesn't. (hunterwalk.com)
Global
- Large swaths of China are in Covid-related lockdowns. (ft.com)
- Israel has seen an influx of immigrants from Russia since the war began. (npr.org)
- Europe has a growing shortage of doctors. (politico.eu)
- What the IAEA is saying about the situation at the Zaporizhzhia nuclear plant. (cbsnews.com)
Economy
- Is crude oil losing its salience as an economic indicator? (wapo.st)
- How long will consumer spending hold up? (awealthofcommonsense.com)
- What falling tax withholding numbers say about the state of the economy. (bonddad.blogspot.com)
- What does the Taylor Swift ticket situation tell us about the economy? (thinkadvisor.com)
Books
- Tyler Cowen's favorite non-fiction books of 2022 including "Of Boys and Men" by Richard R. Reeves. (marginalrevolution.com)
- The best business books of 2022 including "Power Failure: The Rise and Fall of General Electric" by William D Cohan. (ft.com)
- The best books of 2022 including "Trust" by Hernan Diaz. (washingtonpost.com)
Earlier on Abnormal Returns
- Personal finance links: repeatable systems. (abnormalreturns.com)
- Research links: economic forecasts. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: setting client expectations. (abnormalreturns.com)
- Don't borrow money to invest. (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
- Joy Lere, "Boundaries aren't selfish or cruel—they're compassionate." (joylere.substack.com)
- Family holiday traditions need not be set in stone. (vox.com)
- Don't let the holidays ruin your weight loss plan. (primecuts.substack.com)
- Why you should dress up for Thanksgiving dinner. (artofmanliness.com)