Monday morning articles
Here’s (Almost) Everything Wall Street Expects in 2023: To kickstart the new year, Bloomberg News has gathered more than 500 calls from Wall Street’s army of strategists to paint the investing landscape ahead. And upbeat forecasts are hard to find, threatening fresh pain for investors who’ve just endured the great crash of 2022. (Bloomberg)
Venture capital’s reckoning looms closer: Valuations on holdings will have to converge sooner rather than later with listed tech sector. (Financial Times)
Institutional Failure: A Future of Finance Worldview: The human species has gotten good at solving big problems. Whether it’s taking down a woolly mammoth by working as a group or giving commands to a robot exploring a foreign world, scientists refer to this capability as “collective intelligence” or “distributed cognition.” (ETF Trends)
The Real Santos Shocker: Robert Zimmerman, the Democrat who lost to Santos, was a veritable oppo expert in a past life. So how come he failed to deliver the Santos bombshell himself? (Puck)
Will Remote Work Continue in 2023? With recession worries growing, power may shift back to employers and threaten perks gained during the pandemic. (Bloomberg)
The billionaire vibe shift: It was the year the billionaires showed who they really are. (Vox)
The ultrarich are getting cozy in America’s tax havens at everyone else’s expense: More states are slashing or eliminating taxes, lessening the burden mostly for the wealthy. What does that cost the rest of us? (Vox)
The World’s Love Affair With Japanese Cars Is Souring: Brands like Toyota have been global favorites for decades. How did they get the shift to electric so wrong? (Businessweek)
5 ETF Predictions for 2023: 2023 marks the 30th anniversary for the US ETF industry (more on that in a moment) and I plan on going five for five this year. I can feel it. Following a highly impressive 2022, what will happen in the ETF world this year? First, a quick note: several of my predictions are more contingent than usual on financial market conditions. Obviously, forecasting markets is extremely difficult, if not impossible. (ETF Educator)
Joel Embiid’s Process: How The 76ers Star Wants To Go ‘From Rich To Wealthy’ “From the early days, Jo was always incredibly inquisitive, asking you lots of questions, wanting to learn, trying to be a sponge to how he can grow,” says Rubin, who recalls Embiid coming to his office to observe meetings. “Different than a lot of NBA players, Jo is very financially disciplined. He may save more and invest more, and spend less, than maybe any player.” (Forbes)