Abnormal Returns

DECEMBER 1, 2024

Markets The S&P 500 returned 5.87% in November 2024. (on.spdji.com) It's hard to make the math on hedge funds add up. (humbledollar.com) Companies The biggest risks to Google ($GOOGL) have nothing to do with anti-trust concerns. (wsj.com) The Microstrategy ($MSTR) story will make for a great book one day. (readtrung.com) AI It looks like Twitter shareholders are going to get bailed out by their stake in xAI.

Math 167

Math Budgeting Food Taxes 167

A Wealth of Common Sense

DECEMBER 1, 2024

One of my all-time favorite headlines from The Onion was this gem from all the way back in 2008: Bubbles do seem to be in our DNA for some reason. We’ve had a handful of manias this century. The dot-com bubble popped in early 2000, which laid waste to the stock market (especially tech stocks). That led to the housing bubble of the mid-aughts1, which combined with a global credit orgy, led to the Great Financial Cri.

Marketing 100

Marketing Marketing 100

Abnormal Returns

DECEMBER 1, 2024

Also on the site We are doing a Bluesky-themed book giveaway just in time for the holidays. Details here. (abnormalreturns.com) Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com) Top clicks this week A look at the best performing stocks of the past 20 years. (bespokepremium.com) Did you know Trump’s share of the 2024 presidential vote has fallen below 50%?

Government 167

Government Marketing Marketing 167

Calculated Risk

DECEMBER 1, 2024

Weekend: • Schedule for Week of December 1, 2024 Monday: • At 10:00 AM ET, ISM Manufacturing Index for November. The consensus is for 47.5%, up from 46.5%. • Also at 10:00 AM, Construction Spending for October. The consensus is for 0.2% increase in spending. • All day, Light vehicle sales for November. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 9 and DOW futures are down 45 (fair value).

Manufacturing 59

Manufacturing Sales Marketing Marketing 59

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Accounting

Inside Information

DECEMBER 1, 2024

I’ve been anticipating the exciting advent of artificial intelligence in our fintech world for going on 30 years now. But now I’m facing the disappointment of dashed expectations. As presently configured, AI looks and sounds plausible, but when you put it to work, it is anything but intelligent. As an advisor’s ghostwriter, AI’s use case is as an obsessive plagiarist that borrows everybody’s writing and grinds out, one word at a time, uninspiring, uninteresting prose that manages (I wonder if

Engineering 40

Engineering Financial Planner Compliance Clients 40

The Big Picture

DECEMBER 1, 2024

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • There’s a real math problem with MicroStrategy’s obscene valuation premium : MicroStrategy is worth around 3x as much as its bitcoin holdings. Let’s talk about the implications of that. ( Sherwood ) • Feds: Tether Has Become a Massive Money Laundering Tool for Mexican Drug Traffickers : Tether is being used on a massive scale by large scale drug traffickers, to the point where Tether is sold cheaper in Me

Math 130

Math Government Valuation Communication 130