Monday links: digesting economic activity

CompaniesElliott Management is giving up its proxy fight with Salesforce ($CRM). (axios.com)The first wave of job cuts at Disney ($DIS) are here. (barrons.com)Chewy ($CHWY) says customers are pulling back. (finance.yahoo.com)Elon Musk thinks Twitter is worth $20 billion. (wsj.com)BankingFirst Citizens ($FCNCA) is taking over SVB's deposits and loans....

14h

Adviser links: hyperbole cycles

PodcastsRick Ferri talks investor behavior with Daniel Crosby. (bogleheads.podbean.com)Justin Castelli is talking with the authors of "More Than Money" including Elliott Appel of Kindness Financial Planning. (allaboutyourbenjamins.com)Jack Forehand and Justin Carbonneau talk with Ehren Stanhope of O'Shaughnessy Asset Management about the ins and outs...

17h

Sunday links: your propensity to panic

StrategyShifting your asset allocation based on economic forecasts is a fool's errand. (savantwealth.com)Gathering and interpreting information has a cost. (mrzepczynski.blogspot.com)How wrapped up should you be in the market efficiency debate? (blogs.cfainstitute.org)BanksBitcoin is benefiting from the banking crisis. (theirrelevantinvestor.com)Bank...

1d

Top clicks this week on Abnormal Returns

Top clicks this weekRising rates are still working their way through the markets and economy. (allisonschrager.substack.com)Surprises shouldn't be surprising. (mrzepczynski.blogspot.com)What risks should you actually hedge? (mr-stingy.com)Spend money on stuff that really moves the needle. (dariusforoux.com)Energy stocks are now struggling. (allstarcharts.com)The...

1d

Saturday links: the point of being successful

EVsLithium prices are down some 20% YTD, which is good for the EV ecosystem. (nytimes.com)EVs still take too many design cues away from ICEs. (reviewgeek.com)EnergyWind and solar made up 92% of India’s power generation capacity additions in 2022. (ember-climate.org)How geothermal wells can be used like a battery. (technologyreview.com)EnvironmentThe...

2d

Friday links: a peculiar balance

MarketsThe stock market bottomed three years ago in the early days of the pandemic. (demystifyingmarkets.com)Financial stress has increased but is not at GFC-type levels. (econbrowser.com)BanksThe banking crisis could play out in tighter credit for small and mid-sized businesses. (wsj.com)Why selling SVB has proven to be a difficult task. (theinformation.com)Further...

3d

Podcast links: AI DJs

The bizNPR is cutting four podcasts from its roster. (npr.org)AI could soon replace, for good, the radio DJ. (axios.com)Podcast network Maximum Fun is becoming a worker-owned co-op. (techcrunch.com)AIPatrick O'Shaughnessy talks with Avi Goldfarb about the disruptive effects of AI. (joincolossus.com)Derek Thompson talks with Charlie Warzel on what ChatGPT-4...

3d

Thursday links: finding your passion

StrategyWhy isn't the stock market going down? (theirrelevantinvestor.com)Bonds have had a rough five years. Things are different moving forward. (morningstar.com)Novel Investor, "Investors must make bets on imperfect information to earn sought-after long-run returns." (novelinvestor.com)CryptoWhy is Bitcoin going higher? (newsletter.mollywhite.net)Coinbase...

4d

Longform links: the purpose of technology

BooksA Q&A with Jenny Odell author of "Saving Time: Discovering a Life Beyond the Clock." (wired.com)An excerpt from "Mixed Signals: How Incentives Really Work" by Uri Gneezy. (behavioralscientist.org)TechnologyWhat jobs are generative AI going to eliminate? (unchartedterritories.tomaspueyo.com)An awe inspiring visit to a state-of-the-art semiconductor...

4d

Wednesday links: the pursuit of innovation

MarketsBond market volatility is at GFC-type levels. (axios.com)Chasing 'smooth returns' is a fool's errand. (capitalallocators.com)CryptoDoes your portfolio have more crypto exposure than you think? (morningstar.com)Crypto hype has died down, but the environmental effect hasn't. (theatlantic.com)AIGoogle ($GOOGL) is opening up access to its ChatGPT...

5d