👋🏼 Hello friends! Let’s take a Sunday Drive around the internet.
Many of you know that I started The Sunday Drive as a way to stay connected with friends and former colleagues when I retired from Eaton Vance at the end of 2021. It was and is a way to share more of myself and my life beyond just investing. A couple of examples are HERE and HERE. Today I do something similar.
This past week, the Lord called my 90-year old mother home. Now she is at peace and forever in His loving embrace. ✝️❤️
Please forgive the brevity of this edition.
🎶 Vibin'
This week, I’m vibin’ to one of the songs that will be played at my mother’s funeral this week, Alan Jackson’s version of I’ll Fly Away.
💭 Quote of the Week
“All that I am, or hope to be, I owe to my angel mother.“
— Abraham Lincoln
📈 Chart of the Week
Many charts allow for various interpretations. This week’s Chart is one of those.
According to the Chart, insider selling is at a 5-year high. The obvious and most typical interpretation is that company executives and other insiders see trouble ahead for their companies.
However, I think it’s also worth considering that after such a dramatic rise in equities over the last several years, it’s understandable that insiders would want to take some chips off the table for the sake of diversification and prudent long term planning.
As is most often the case, the answer is that there is no single answer but likely a combination of the two.
Not particularly insightful, I know. But I thought it was an interesting chart worth adding to the mosaic of our investment thinking.
🚙 Interesting Drive-By's 🚙
💯 You Spent Your Whole Life Getting Good at the Wrong Thing
📉 The Fall of the Nerds: The age of humans who could think like computers is drawing to a close.
🤔 The End of Illusion: Financial Repression Unmasked
💡 A Plan For UHI (Universal High Income)
💰 The Devil Wears Prada 2: How a Fashion Film Quietly Turns Cultural Buzz Into Sales
👋🏼 Parting Thought
Sending positive energy to Santa Clara, CA this evening…
If you have any cool articles or ideas that might be interesting for future Sunday Drive-by's, please send them along or tweet 'em (X ‘em?) at me.
Please note that the content in The Sunday Drive is intended for informational purposes only, and is in no way intended to be financial, legal, tax, marital, or even cooking advice. Consult your own professionals as needed. The views expressed in The Sunday Drive are mine alone, and are not necessarily the views of Investment Research Partners.
I hope you have a relaxing weekend and a great week ahead. See you next Sunday...
Your faithful financial provocateur,
-Mike
If you enjoy the Sunday Drive, I'd be honored if you'd share it with others.
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I'm sorry for your loss Mike