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Wednesday links: sub-optimal portfolios

Abnormal Returns

danieldrezner.substack.com) Fund management The shift from mutual funds to ETFs has accelerated in 2022. alephblog.com) Housing Higher land prices are holding back the housing market. abnormalreturns.com) Why rough edges remain in financial markets: people. The question is whether Elon Musk is the guy to do it.

Portfolio 245
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Top clicks this week on Abnormal Returns

Abnormal Returns

crossingwallstreet.com) The best books Ben read in 2022 including "Die With Zero" by Bill Perkins. awealthofcommonsense.com) A look at the best charts of 2022. topdowncharts.substack.com) Six things that don't change in financial markets including the attraction of 'shiny objects.'

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How Do Active Managers Invest Their Own Money?

The Big Picture

The researchers describe financial markets as “slowly evolving communities of practice whose habits, routines and ways of knowing can be difficult to shift, even when faced with overwhelming evidence that what they are doing doesn’t work most of the time.”

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2023: It Was a Good Year

A Wealth of Common Sense

2022 was one of the worst years ever for financial markets. Over the past 100 years: It was the third worst year for a 60/40 portfolio. It was the worst year ever for the Barclays Aggregate Bond Market Index. It was the seventh worst year for the S&P 500.

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How Do Stocks & Bonds Perform Following Big Down Years?

A Wealth of Common Sense

It’s now well-documented that 2022 is one of the worst years in history for financial markets. The logical next step is to look at what has happened next following the prior worst years for stocks, bonds and diversified portfolios.

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Is the ESG Craze Really Fading?

The Big Picture

My firm RWM uses Canvas for those clients who want their portfolios to reflect their values. The most popular ESG application of direct indexing software has been to remove guns and tobacco from portfolios. It reflects the desire for investors to have their portfolios reflect their personal values.

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Resilience is Core to Sustainable Portfolio Construction

Brown Advisory

Resilience is Core to Sustainable Portfolio Construction. Wed, 09/21/2022 - 10:50. While the old adage “only time will tell” generally refers to a future outcome, it is apropos of our belief that a truly sustainable portfolio must consist of businesses that have proven to be resilient under a variety of macroeconomic circumstances.