Quote of the Day
"Very often, performance pressure manifests itself as perfectionism."
(Brett Steenbarger)
Chart of the Day
It wouldn’t take much to make Berkshire Hathaway ($BRK.A) the next $1 trillion company. (chart via YCharts)
International
- The Magnificent Seven is all anybody can talk about in the U.S. What is Europe's alternative? (morningstar.com)
- Buffett's bet on Japanese trading companies is paying off. (wsj.com)
- Japan's stock market as a technology play. (mrzepczynski.blogspot.com)
Strategy
- Seven investing lessons from Bernard Baruch including 'Pick an investing strategy that fits your personality.' (dariusforoux.com)
- There's nothing magic about holding cash. (obliviousinvestor.com)
Berkshire Hathaway
- A closer look at Berkshire Hathway's ($BRK.A) 2023 numbers. (newsletter.rationalwalk.com)
- Some notes from Warren Buffett’s 2023 letter to shareholders. (safalniveshak.com)
- Google ($GOOGL) should dominate AI but it doesn't. Is culture the problem? (stratechery.com)
- Why Google Search just keeps getting worse. (pluralistic.net)
Finance
- Small cap banks are underperforming. (allstarcharts.com)
- Institutional investors are allocating more money to farmland. (ft.com)
- A Q&A with Vlad Tenev, CEO of Robinhood ($HOOD). (semafor.com)
- Bond managers are having a moment. (ft.com)
Venture capital
- India's most valuable startup, Byjus, is a hot mess. (axios.com)
- A growing number of unicorns haven't raised capital in over three years. (news.crunchbase.com)
Earlier on Abnormal Returns
- Adviser links: zero engagement. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (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)