Quote of the Day
"If you, as a boss, expect that learning stops at graduation and employees are merely meant to produce work, you will get the kind of employees you deserve."
(Morgan Housel)
Chart of the Day
2023 returns for the S&P 500 were top heavy, but still saw positive results for the other 493. (via @RyanDetrick)
Markets
- Good years tend to cluster for the stock market. (awealthofcommonsense.com)
- The right stocks are still going up. (allstarcharts.com)
Finance
- GSAM is jumping into biotech venture investing. (biopharmadive.com)
- The D.E. Shaw Composite Fund has only had one down year in its history. (institutionalinvestor.com)
- An example of how finding a (highly) niche investment strategy works in practice. (wsj.com)
- Venture capital its leaning into defense tech. (semafor.com)
UK
- The FTSE is a high dividend yield, value index. (bloomberg.com)
- The UK is betting big on floating wind turbines to help getting to net zero. (ft.com)
- The UK has its own permitting problems. (nytimes.com)
Sports betting
- How FanDuel manages its in-game odds and risk. (wsj.com)
- Why sports gambling industry needs to be reined in. (slowboring.com)
Economy
- Why wasn't there a recession in 2023? (theirrelevantinvestor.com)
- The labor market continues to decelerate. (bonddad.blogspot.com)
- The housing market is returning to historical precedent. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: worthless hunches. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: hedging crucial risks. (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)