Quote of the Day
"Investors should try to treat periods of unusual performance with equanimity. Over the long-run they are unlikely to matter that much; unless, of course, they lure us into poor decisions."
(Joe Wiggins)
Chart of the Day
Just how big was the rebound in bond prices? This big. (via @charliebilello)
Markets
- Six charts that defined markets in 2023. (axios.com)
- The Nasdaq 100 is just different. (awealthofcommonsense.com)
- FTX bankruptcy claims are changing hands around 70 cents on the dollar. (nytimes.com)
Companies
- At what price would Berkshire Hathaway ($BRK.A) buy back shares? (newsletter.rationalwalk.com)
- Product-wise, 2024 will be a bigger year for Apple ($AAPL) than 2023. (macworld.com)
Finance
- Why are people so worked up about the Treasury basis trade? (finance.yahoo.com)
- Hipgnosis is having a hard time coming up with song valuations. (theguardian.com)
- Another (big) mall bites the dust. (ibj.com)
Autos
- GM's ($GM) stock is down over the past decade. (wsj.com)
- Ferrari ($RACE) vs. Porsche is not a fair fight. (bloomberg.com)
- Om Malik talks with Reilly Brennan, co-founder of Trucks.vc, about the future of self-driving cars. (macworld.com)
Red Sea
- The situation in the Red Sea will disrupt global trade. (nytimes.com)
- How Houthi attacks affect global shipping. (visualcapitalist.com)
Economy
- The Fed is moderately tight. (capitalspectator.com)
- The housing market remains bifurcated. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Personal finance links: closing out the year. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: persistent investment factors. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly adviser-focused newsletter. (newsletter.abnormalreturns.com)