Quote of the Day
"It’s fair to expect average annual returns over the lifetime of your investment in the stock market. But don’t expect average returns for each individual year."
(Sam Ro)
Chart of the Day
30 years of returns averages out a lot of ups and downs.
Markets
- Why the stock market usually goes up. (humbledollar.com)
- How stocks, bonds and cash have performed over the past 30 years. (awealthofcommonsense.com)
- Average returns hide a lot along the way. (tker.co)
Companies
- A look at Berkshire Hathaway ($BRK.A) stock on the eve of its first shareholder meeting without Charlie Munger. (barrons.com)
- The cloud computing business is so big that small shifts in market share matter a lot. (tomtunguz.com)
- Generative AI flips the script on the technology industry. (apoorv03.com)
Global
- What's to blame for disappointing UK growth? (marginalrevolution.com)
- Fentanyl has disrupted the business of growing poppies. (nytimes.com)
Demographics
- Catherine Rampell, "Don’t want more immigrants in this country? Then tell grandma she can never retire." (wapo.st)
- More countries are seeing a drop in working age populations. (axios.com)
- The U.S. fertility rate is at its lowest level since measurement started. (sherwood.news)
Economy
- Americans are making more grocery store stops in order to combat food inflation. (wsj.com)
- Americans are not defaulting very much on their mortgages. (calculatedrisk.substack.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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)