Quote of the Day
"It remains fascinating how investors face an incessant bombardment of evidence about how bad we are at making predictions and timing markets, yet we continue to persist with a punishing indefatigability. We were wrong yesterday but will be right today."
(Joe Wiggins)
Markets
- Why the Magnificent Seven are outperforming: earnings. (apolloacademy.com)
- Markets work: the case of lithium. (marginalrevolution.com)
Alternatives
- Alternative investments are generally sold, not bought. (ofdollarsanddata.com)
- The big private equity firms are poaching wealth management execs to help sell funds to the mass affluent crowd. (theinformation.com)
- Per KKR ($KKR), family offices are set to boost their exposure to alternatives. (institutionalinvestor.com)
IPOs
- These five startups, like SpaceX, should be public already, but aren't. (theinformation.com)
- On average, hiring an independent advisor for your IPO doesn't seem to add any value. (ft.com)
Companies
- How long will the 'Berkshire Hathaway ($BRK.A) Way' prevail? (newsletter.rationalwalk.com)
- What's behind the surge in Arm Holdings ($ARM) stock? (ft.com)
- IBM ($IBM) is funding 'retirement contributions with the surplus in its overfunded defined benefit plan rather than with corporate cash contributed to its 401(k) plan.' (crr.bc.edu)
Fund management
- Why we are still underselling the broader impact of indexing. (morningstar.com)
- BlackRock($BLK) is opening up its Voting Choice platform to retail inventors. (institutionalinvestor.com)
- Not all target date funds are created alike. (riabiz.com)
Economy
- Core CPI ex-shelter was up 2.2% year-over-year in January, unchanged from 2.2% in December. (calculatedriskblog.com)
- Shelter inflation should continue to drop in 2024. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Research links: simplistic thinking. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: diverse talent. (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)