Banking The number of bank branches in the U.S. peaked in 2012. (sherwood.news) Where SVB's business stands as JP Morgan ($JPM) looks to make inroads. (bloomberg.com) ETFs Where active ETFs are growing fastest. (morningstar.com) The iShares Bitcoin ETF ($IBIT) is a runaway hit. (theblock.co) Retail investors trade leveraged ETFs way too much. (klementoninvesting.substack.com) TikTok The clock is now ticking for a TikTok divestiture. (theverge.com) Does TikTok have a legal case to overturn the divestiture bill? (sherwood.news) Even if TikTok survives, it is likely to be damaged. (spyglass ..read more

Podcasts Carl Richards talks with Farnoosh Torabi money lessons learned. (50fires.com) Matt Ziegler talks with Justin Castelli about the intersection of life and investing. (youtube.com) Barry Ritholtz talks closet indexing with Andrew Slimmon who is Managing Director at Morgan Stanley Investment Management. (ritholtz.com) Jim Dahle talks with Britt Williams Baker, who is the co-founder of Dow Janes, a company focused on financial education for women. (whitecoatinvestor.com) Retirement Retirement is filled with all sort of irreversible decisions. (humbledollar.com) The double-edge sword of ..read more

Geopolitics A look at how geopolitical events affect the stock market. (carsongroup.com) Why we fear doing nothing during a geopolitical crisis. (behaviouralinvestment.com) Strategy Investors need to understand history and be willing to look ahead. (morningstar.com) Why people make seemingly bad financial decisions. (ofdollarsanddata.com) Companies Meta ($META) never wants to be at the mercy of Apple ($AAPL). (stratechery.com) Starbucks ($SBUX) has some $2.2 billion stored in its rewards program. (sherwood.news) Amazon ($AMZN) has installed more than 17,000 chargers at about 120 warehouse ..read more

Research A closer look at hedge fund industry performance. (alphaarchitect.com) How to suss out intangible-rich international companies. (sparklinecapital.com) Quality and low vol are not synonymous. (insights.finominal.com) For generative AI to work in investing it needs the right kind of data, and a lot of it. (acadian-asset.com) How green investors affect market equilibria. (papers.ssrn.com) Better fund managers are paid more. (papers.ssrn.com) On conference calls, corporate executives talk a lot more about customers than employees. (papers.ssrn.com) Why you should read "Missing Billionair ..read more

Markets Commodities are having a standout 2024. (capitalspectator.com) When did investing become so political? (economist.com) ETFs Grayscale's Bitcoin Mini Trust will have a 0.15% expense ratio. (coindesk.com) More mutual fund to ETF conversions are coming. (advisorhub.com) Finance The NYSE is testing 24-hour trading. (on.ft.com) Want a stake in a hot AI startup? Think SPV. (theinformation.com) Global The war in Ukraine has pushed up defense spending around the globel (awealthofcommonsense.com) South Korea's economic growth is slowing. (ft.com) Finland's border with Russia is now large ..read more

Podcasts Brian Portnoy talks human-centric advice with Kelsey McKenna and Zachary Conway of Seeds Investor. (youtube.com) Larry Sprung talks with Josh Brown about his path to wealth management. (mitlinmoneymindset.libsyn.com) Jordan Haynes talks with Justin Castelli about his transition into life planning, especially for financial advisers. (getelements.com) Frazer Rice talks with Christopher Holtby about the role of a directed trustee. (youtube.com) Daniel Crosby talks with Jane Adshead Grant about about becoming a better listener. (standarddeviationspod.com) The biz Charles Schwab ($SCHW ..read more

Rates Allan Sloan, "Don’t fall in love with your money fund." (barrons.com) You likely don't need a long-term bond fund. (wsj.com) Strategy The market's most important lessons have to be experienced. (microcapclub.com) No portfolio strategy is perfect. (rogersplanning.blogspot.com) Financial trends reverse just when they seem inevitable. (humbledollar.com) Companies Why Boeing ($BA) took its eye off manufacturing quality. (theatlantic.com) How success is changing Novo Nordisk ($NVO). (nytimes.com) Chipotle ($CMG) is on a roll. (wsj.com) Finance Blackstone ($BX) jumped into the fray for ..read more

Markets TIPS are on sale. Time to buy. (morningstar.com) Two reasons why yields are higher this year. (carsongroup.com) The stock-bond correlation has flipped positive. (mrzepczynski.blogspot.com) Books Why you should read Rob Copeland's "The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend." (advisorperspectives.com) A review of "Enrich Your Future: The Keys to Successful Investing" by Larry Swedroe. (blogs.cfainstitute.org) A preview of Dan Davies' new book "The Unaccountability Machine: Why Big Systems Make Terrible Decisions – and How The World Lost it ..read more

Strategy Passive investors don't change relative prices. (bloomberg.com) A good outcome doesn't necessarily mean it was a good decision. (novelinvestor.com) Don't change your asset allocation in response to a market pullback. (rogersplanning.blogspot.com) Crypto The Grayscale Bitcoin Trust ($GBTC) continues to leak assets. (wsj.com) Bitcoin is whatever you want it to be. (coindesk.com) Companies How Amazon ($AMZN) gathers info on its competitors. (wsj.com) Meta ($META) is rolling out its AI assistant platform everywhere. (engadget.com) IPOs Why companies are staying private for longer ..read more

Books An excerpt from James Lawrence Powell’s book “Mysteries of the Deep: How Seafloor Drilling Expeditions Revolutionized Our Understanding of Earth History.“ (thereader.mitpress.mit.edu) An excerpt from "Everest, Inc.: The Renegades and Rogues Who Built an Industry at the Top of the World" by Will Cockrell . (insidehook.com) Lessons learned from "Wuhan: How the Covid-19 Outbreak in China Spiraled Out of Control," by Prof Dali Yang. (telegraph.co.uk) Technology Inside the complex world of undersea internet cables. (theverge.com) eVTOLs are nearing approval, but will they become an actual ..read more