Quote of the Day
"When you’re constantly being sold to, when everything is a Temu ad all of the time, you get to another part of the Chicken Little essay - you stop trusting anything."
(Kyla Scanlon)
Strategy
- Every investing fad eventually ends. (contessacapitaladvisors.com)
- Investors CAN opt-out of the short term game. (speedwellresearch.com)
Nvidia
- Nvidia ($NVDA) is not just a chip company, its a platform. (on.ft.com)
- It's hard to think of another large company growing sales so rapidly. (wsj.com)
- Scott Rosenberg, "AI is no fad, but neither was the internet. That didn't stop dotcom stocks from collapsing." (axios.com)
Crypto
- Another digital coin could disrupt Bitcoin in the future. (wsj.com)
- How the Bitwise Bitcoin ETF ($BITB) became a player. (axios.com)
Berkshire Hathaway
- Sam Ro, "Buffett’s greatest trade didn’t involve any single financial security. Rather, I’d say his greatest trade was selling “cigar butt” investing and buying the investing philosophy championed by his right-hand man." (tker.co)
- A link to the 2023 Berkshire Hathaway ($BRK.A) annual report and shareholder letter. (berkshirehathaway.com)
- Buffett honored the late Charlie Munger in his shareholder letter calling him the 'architect' of the company. (wsj.com)
- Buffett thinks Berkshire can do 'slightly better' than the average U.S company. (on.ft.com)
- What stocks Buffett is unwilling to sell. (morningstar.com)
Real estate
- Charter schools are taking up space in abandoned shopping malls. (nytimes.com)
- Signs we may have hit peak warehouse space demand. (wsj.com)
Global
- Toronto is undergoing a wave of auto theft. (nytimes.com)
- How Portugal has nearly eliminated drug overdoses. (npr.org)
- Using satellite data to track the destruction in Ukraine over the past two years of war. (theconversation.com)
Policy
- What would it cost to raise teacher pay to an ambitiously high level? (washingtonpost.com)
- Why the U.S. may rebuild China-made cranes at the ports. (wsj.com)
- Everybody supports gun buybacks, but their effectiveness is iffy. (msn.com)
- How Alabama's ruling could affect IVF patients. (npr.org)
- The 401(k) isn't going away any time soon. (thinkadvisor.com)
- How to increase organ donation. (worksinprogress.co)
Economics
- The Fed’s Reverse Repo Program is going in reverse. (apolloacademy.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last 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)