Quote of the Day
"For a forecast to be useful, it is neither necessary nor sufficient that it be accurate. That might seem a bizarre claim, but we only know whether a forecast was accurate when it is too late."
(Tim Harford)
Strategy
- On the importance of time when it comes to compounding. (humbledollar.com)
- You can only control your own behavior. (creativeplanning.com)
Crypto
- What you need to know about the spot Bitcoin ETFs. (ft.com)
- The spot Bitcoin ETF is here. What comes next? (theblock.co)
- Should Vanguard prevent its customers from buying spot Bitcoin ETFs? (rogersplanning.blogspot.com)
Finance
- Goldman Sachs ($GS) is expanding its lending business to the ultra-high net worth crowd. (wsj.com)
- Why Blackrock ($BLK) is buying infrastructure manager GIP. (ft.com)
Crime
- U.S. police killed more people in 2023 than they have in a decade. (theguardian.com)
- The homicide rate fell sharply in 2023. (wsj.com)
- Why police officers are loath to make arrests late in their shift. (nber.org)
Policy
- Obvious societal issue remain in the wide open, but nobody does anything about them. (gothamgal.com)
- 15 states have rejected a new, federally funded summer program to give food assistance to hungry children. (washingtonpost.com)
- Measuring economic inequality is harder than it looks. (vox.com)
- Threats of violence against elected officials and government officials are on the rise. (washingtonpost.com)
- The number of American centenarians is set to quadruple. (pewresearch.org)
- Who get theirs rough roads repaved? (papers.ssrn.com)
Economy
- People have nostalgia for a time that never existed. (awealthofcommonsense.com)
- Where Q4 2023 GDP is tracking. (calculatedriskblog.com)
- Inflation is trending lower. (disciplinefunds.com)
- There are still 5 million missing U.S. workers. (apolloacademy.com)
- The wage data on online jobs sites is iffy. (papers.ssrn.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this 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)