Quote of the Day
"Ongoing and consistent outperformance, in baseball, the markets, and in life, is staggeringly difficult"
(Robert Seawright)
Chart of the Day
Gasoline prices are now down year-over-year. (chart via Gasbuddy)
Strategy
- What happens after a 20% up year for the stock market? (awealthofcommonsense.com)
- No investor, or investment strategy, is perfect. (morningstar.com)
Fund management
- The factor ETF space has gotten crowded. (riabiz.com)
- Blackrock ($BLK) is building its own AI tools. (pionline.com)
Books
- Amy Edmondson has won the Financial Times and Schroders Business Book of the Year Award for "Right Kind of Wrong: Why Learning to Fail Can Teach Us to Thrive." (talkingbiznews.com)
- Ten books that made us think in 2023 including "Ours Was the Shining Future" by David Leonhardt. (theatlantic.com)
- The best books of 2023 including "The Kingdom, the Power, and the Glory American Evangelicals in an Age of Extremism" by Tim Alberta. (economist.com)
- Some 2023 books that stuck with Ezra Klein including Zeke Faux’s “Number Go Up.” (nytimes.com)
- How to get free online access to the updated version of "Poor Charlie's Almanack." (stripe.press)
Economy
- The November NFP report showed an increase of 199k jobs and a 3.7% unemployment rate. (calculatedriskblog.com)
- There is some weakness is leading employment sectors. (bonddad.blogspot.com)
- 5 million more Americans are working now than in January 2020. (ritholtz.com)
- Markets are pricing in rate cuts, but no recession. (ft.com)
Earlier on Abnormal Returns
- Podcast links: frequent searches. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: acting extroverted. (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)