Notes: How government got captured by the powerful. Insights from Brink Lindsey and Steven Teles’ The Captured Economy: How the Powerful Become Richer, Slow Down Growth, and Increase Inequality. (The Atlantic)
Quote of the Day
“Disney is becoming the Walmart of Hollywood: huge and dominant...That’s going to have a big influence up and down the supply chain.”
(Barton Crockett, a media analyst at B. Riley FBR)
Strategy
- Cullen Roche, "IDGAF will set you free from the risk of FOMO." (pragcap.com)
- Todd Combs reads 12 hours a day. (alumni.fsu.edu)
- Druce Vertes, "Blockchain takes the open-source paradigm to a meta level." (blog.streeteye.com)
Books
- Order $15 worth of books at Amazon, like "Grant" by Ron Chernow, and get $5 off with promo code BOOKGIFT17. (amazon.com)
- A bunch of b-school profs pick the best business books they read all year including "Janesville" by Amy Goldstein. (ft.com)
- "Cracking the Code to a Successful Interview: 15 Insider Secrets from a Top-Level Recruiter" by Evan Pellett is just $0.99 for the Kindle. (amazon.com)
- "The Power Paradox: How We Gain and Lose Influence" by Dacher Keltner is just $1.99 for the Kindle. (amazon.com)
Crypto
- Why isn't the SEC doing more to halt ICOs? (wsj.com)
- Bitcoin rules the crypto-roost, for now. (thereformedbroker.com)
- Nobody knows where Bitcoin prices area headed. (danielsolin.com)
- You can now borrow against your Bitcoin. (bloomberg.com)
- There's nothing easy about trading cryptocurrencies. (allaboutyourbenjamins.com)
- How to put together a crypto index fund. (etf.com)
- Should journalists write about Bitcoin while owning Bitcoin? (niemanlab.org)
- Open a Coinbase account, trade $100 in crypto and get $10 in Bitcoin free. (coinbase.com)
Retail
- Benedict Evans, "A lot of the story of Amazon for the last 20 years is of how many Ys turned out to by Xs - how many categories that people thought could not be sold online and could not be sold as commodities turned out to be both." (ben-evans.com)
- Amazon ($AMZN) is expanding same-day delivery to more markets around the country. (techcrunch.com)
- Target ($TGT) is buying Shipt to better compete with Amazon ($AMZN). (latimes.com)
- AmazonBasics is moving beyond the basics. (qz.com)
- We may have reached "peak subscription box." (bloomberg.com)
Finance
- It's only a matter of time until the big tech companies dive into finance. (bloomberg.com)
- Fintech is only accelerating. (howardlindzon.com)
- Why big banks are investing in cybersecurity startup Menlo Security. (fortune.com)
Funds
- 11 new-ish mutual funds Morningstar analysts really like. (beta.morningstar.com)
- Pimco is building out a platform to make it easier for advisor clients to invest in alternative assets. (wsj.com)
- Momoe Ikeda-Chelminska, "Professional investors must change their perception of ESG analysis from a performance drag to a method of evaluating how a company conducts business." (blogs.cfainstitute.org)
- Valuing a portfolio of illiquid assets is part art, part science. Just as Harvard. (wsj.com)
Support
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
- Love Abnormal Returns? Like (and follow) us on Facebook. (facebook.com)
- Want to support Abnormal Returns? Get yourself (or someone you love) an annual membership. (abnormalreturns.com)
Global
Economy
Earlier on Abnormal Returns
- Startup links: outside your network. (abnormalreturns.com)
- Diversification, as a concept, has been understood for millennia yet still matters today. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: payroll deductions. (abnormalreturns.com)
