June 30th, 2023
Estimated Reading Time: 4 minutes

Our Work

Investment Insights – Keith R. Schicker, CFA, Portfolio Manager

  • What Is Compounding? Compounding is one of the most underappreciated concepts in finance and, when properly sustained over time, definitively the most powerful. [READ MORE]

Wealth Management News & Insights

Financial Markets

  • JPM Letters to The Editor: Comments on mega-cap stocks and artificial intelligence during the narrowest market leadership on record. Then, since it’s the beginning of summer, it’s time for some of my unsolicited letters to Barron’s, MSNBC, the “No Labels” US political movement, the Federal Housing Finance Agency, the Urban Institute, the National Housing Conference and Jeep. [JPM]
  • U.S. Economy Shows Surprising Vigor in First Half of 2023: Layoffs remain historically low and the economy grew more briskly than estimated. [WSJ]
  • Nobody Wants to Buy a Fixer-Upper Right Now: Homes that need extensive renovations are scaring off already cash-strapped buyers, real-estate agents say. [WSJ]
  • Supreme Court Strikes Down Biden’s Student-Loan Forgiveness Plan: Case pushes to the fore different views of executive power espoused by White House and Supreme Court. [WSJ]
  • Who’s Impacted by the Supreme Court’s Student-Loan Forgiveness Ruling: More than 16 million borrowers who thought their loans would be forgiven have to repay. [WSJ]

Financial Planning

  • Only 50% of People Stay Employed Through Their 50s. How to Prepare: Common retirement advice assumes 50-somethings are in their top earnings years. Unfortunately, there’s more to the story. [Barron’s]
  • Forget the Cost of Living. What’s the Cost of Thriving in America: Two conservative thinkers clash over whether the middle class is more prosperous than a generation ago. [WSJ]

Business Strategy

  • Why Duolingo Has Replaced Many TV Ads With Free TikTok Posts: The language-learning app now relies more on memes—helping it climb to 20 million daily active users. [WSJ]
  • Overstock Sees a Future in Calling Itself Bed Bath & Beyond: The online retailer is renaming its website and its mobile app after buying the intellectual property of the bankrupt home-goods store. [NYT]
  • Delta Lifts Profit Forecast Thanks to Strong Demand and Premium Tickets: Delta Air Lines on Tuesday raised its second-quarter forecast and estimated full-year adjusted earnings of $6 a share. [CNBC]

Life & Work

  • Chicago Air Quality Plummets as Canadian Wildfire Smoke Returns to US: The Air Quality Index reached levels considered ‘very unhealthy’ in some areas. [WSJ]
  • Canadian Wildfire Maps Show Where Fires Continue to Burn Across Quebec, Ontario and More Provinces: Canada is experiencing its most destructive wildfire season on record, as hundreds of blazes burning from coast to coast continue to send tremendous plumes of smoke into the atmosphere. [CBS]
  • Solving for Gen Z in the Workplace: Generation Z is coming into its own. Savvy companies will consider what differentiates these 13- to 27-year-olds—in the workplace and as consumers. [McKinsey]
  • Record-Breaking Travel Volumes Expected July 4th Weekend: Number of Americans traveling by car and air over the holiday projected to be highest on record. [Newsroom]
  • Why Air Travel Is a Mess Ahead of July Fourth: United Airlines continued to scrap flights Thursday as other airlines begin to recover from storms that forced them to cancel thousands of flights this week. [WSJ]

Zuckerman Investment Group, LLC (“ZIG”) is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser. Such registration with the SEC does not imply any certain level of skill or training. It also does not imply that the Firm is recommended or approved by the United States government or any regulatory agency. The information contained in this email has not been filed with, reviewed by or approved by the SEC or any other United States regulatory or self-regulatory authority.

The information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including, but not limited to, warranties of performance, merchantability, and fitness for a particular purpose.

Zuckerman Investment Group, LLC may only transact business or render personalized investment advice in those states and international jurisdictions where it is registered, has notice filed, or is otherwise excluded or exempted from registration requirements. This is for information distribution only and should not be construed as an offer to buy or sell securities or to offer investment advice. Please refer to Zuckerman Investment Group, LLC’s ADV Part 2 (brochure) and Form CRS for additional information.

We have no responsibility for any information or policies of any other websites that may be accessible from this email via hyperlink. Zuckerman Investment Group does not endorse, sponsor, or promote any products or services offered by any website that may be linked to this email. If you access any other website through this email, you do so at your own risk. Parties may not reproduce this email in any form, nor reference it in any publication, without the express written consent of Zuckerman Investment Group, LLC.