Hot Reads: Bitcoin Beating Most ETFs in 2023

Plus, a historical look at when it was best to be a saver or an investor.

Bitcoin Beating Gov’t Bonds a Whole Vibe Shift in Markets (Bloomberg)
The cryptocurrency is outperforming a wide variety of bond ETFs.

Best & Worst Decades to Be a Saver & Investor (A Wealth of Common Sense)
It’s not out of the ordinary for periods of above-average returns to lead into periods of below-average returns.

How Active ETFs Transformed Asset Management (Financial Advisor Magazine)
Despite 2022’s market declines, however, inflows into nearly all asset categories within the active ETF arena went up.

‘Solvency Theater’ & Valuation Tricks Keeping the Bubble Inflated (institutional Investor)
Managers are praying for the economy to recover before they have to mark investments “to reality,” argues Arena Investor’s Dan Zwirn.

ARK Invest & Swedish Broker Launching Local Fund (Financial Times)
The fund will be run by ARK in line with its flagship ETF ARKK, which lost about 65% last year, but jumped 30% in January.

How Do Active Managers Invest Their Own Money? (Ritholtz.com)
Active managers often invest in index funds for their personal portfolios.

Visualizing the Scale of Global Fossil Fuel Production (Visual Capitalist)
In 2021, the world produced around 8 billion tonnes of coal, 4 billion tonnes of oil and over 4 trillion cubic meters of natural gas.