Quote of the Day
"As an organization grows in scale, the idiosyncrasy and distinctiveness that was originally informed by the taste of the founders moves toward the mean."
(Seth Godin)
Markets
- The equity risk premium is skimpy at the moment. (capitalspectator.com)
- Higher for longer is helping to push Treasury yields higher. (wsj.com)
Books
- Gary Stevenson’s book “The Trading Game” helps explain the past twenty years in the financial markets. (klementoninvesting.substack.com)
- What you can learn from Carrie Sun's new book “Private Equity: A Memoir.” (lefsetz.com)
Crypto
- FTX sold its stake in Athropic to some big names. (theblock.co)
- Franklin Templeton ($BEN) is pushing deeper into the crypto business. (blockworks.co)
- When banks start pitching Bitcoin allocations. (ft.com)
Boeing
- Boeing ($BA) put shareholders first to the detriment of its products. (herbgreenberg.substack.com)
- Boeing's ($BA) commercial aircraft business is a mess. Why it promoted a female executive to clean things up. (businessinsider.com)
Finance
- Visa ($V) and Mastercard ($MA) settled a long-running suit with merchants over fees. (cnbc.com)
- How the BlackRock U.S. Equity Factor Rotation ETF ($DYNF) accumulated some $7 billion in AUM. (etf.com)
Grocery
- How Walmart ($WMT) is trying to lure upscale shoppers. (msn.com)
- Trader Joe's is raising banana prices for the first time in a long time. (qz.com)
Economy
- The Roaring 20's are here. Enjoy it while you can. (awealthofcommonsense.com)
- Case-Shiller shows a 6.0% year-over-year increase in home prices through January. (calculatedriskblog.com)
- How slower house price growth will play out in consumer inflation. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Research links: noisy, unreliable data. (abnormalreturns.com)
- Everything has an opportunity cost, everything. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: better Medicare coverage. (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)