Quote of the Day
"In making financial decisions, we should acknowledge that the market is only sometimes rational. That’s why it’s so important to develop an investment strategy that’s durable enough to carry you through those periods when irrationality takes over."
(Adam Grossman)
Markets
- Market valuations aren't that helpful in the short term. (tker.co)
- The U.S. yield curve has been inverted for a record amount of time. (ft.com)
Strategy
- Why you can ignore all the magazine cover commentary. (downtownjoshbrown.com)
- Why it's so hard to profit from a big trend, like AI. (wsj.com)
Finance
- A Reddit IPO is another sign that VCs are coming to terms with a new reality. (ft.com)
- Who would be a buyer of an independent TikTok? (axios.com)
- Private equity return dispersion is a problem. (mrzepczynski.blogspot.com)
- How search funds work. (nytimes.com)
Policy
- How much the U.S. relies foreign born STEM talent. (axios.com)
- Everybody wants simpler taxes, but it never happens. (wsj.com)
- Why so many members of Congress are calling it quits. (vox.com)
- There is a growing GOP caucus to work on climate change. (wsj.com)
- Marriage is a good deal, financially, in the U.S. (vox.com)
- Anti-IVF has found traction because a small minority oppose it vehemently. (theatlantic.com)
- Children are becoming a luxury good. (bloomberg.com)
Economy
- Consumer balance sheets are in good shape. (awealthofcommonsense.com)
- Shelter inflation is still going to come down this year. (disciplinefunds.com)
- One reason why inflation isn't slowing as fast as hoped. (ft.com)
- Industrial production is fading. (bonddad.blogspot.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)