Review: How to Turn Down a Billion Dollars: The Snapchat Story by Billy Gallagher is a “timely corporate biography.” (FT)
Quote of the Day
"Price volatility is near universally discussed as a bad, or worrying thing. In fact, volatility should be welcomed by thoughtful investors who seek to follow the deceptively simple practice of trying to buy stocks and bonds for less than they think they are intrinsically worth."
(Miles Johnson)
Markets
- Risk assets had a good week, last week. (capitalspectator.com)
- What the markets said last week. (humbledollar.com)
- CDS rates spike up in the last two weeks. (topdowncharts.com)
Strategy
- On the relationship between inflation, deflation and stock returns. (pensionpartners.com)
- A number of factors are at work that make muni bonds more attractive. (ft.com)
Support
- Love Abnormal Returns? Then like (and follow) us on Facebook. (facebook.com)
- Support this site by grabbing an annual membership to Abnormal Returns. (abnormalreturns.com)
- Stay up-to-date with all of our posts: sign-up for our daily e-mail. (abnormalreturns.com)
Crypto
- The rise of cryptocurrencies has increased the incentive to hijack computers to mine (arstechnica.com)
- A Brooklyn-based Bitcoin miner has been slowing down Internet speeds for other users. (bloomberg.com)
Companies
- Netflix ($NFLX) is playing a different game than everyone else. (lefsetz.com)
- The rise in oil prices has unleashed a wave of oil stock buybacks. (wsj.com)
- Siemens is spinning off its health-related businesses with a goofy name. (bloomberg.com)
Finance
- No one really knows where Spotify shares will end up trading. (wsj.com)
- Post tax law changes, the big private equity firms are contemplating a change from partnerships to corporations. (ft.com)
- Battles with short-sellers can get ugly, quickly. (bloomberg.com)
Kindle deals
- "The Startup Playbook: Founder-to-Founder Advice From Two Startup Veterans by Rajat Bhargava and Will Herman is just $0.99 for the Kindle. (amazon.com)
- "The Map That Changed the World: William Smith and the Birth of Modern Geology" by Simon Winchester is just $2.99 for the Kindle. (amazon.com)
- "The Science of Star Wars: The Scientific Facts Behind the Force, Space Travel, and More!" by Mark Brake and Jon Chase is just $1.99 for the Kindle. (amazon.com)
Funds
- Target-date fund investors have behaved pretty well over time. (morningstar.com)
- Hedge fund fees continue to trend lower. (ft.com)
Economy
- How worried should we be about inflation? (pragcap.com)
- Male and female economists have very different views on things. (economist.com)
Earlier on Abnormal Returns
- ETF links: approval problems. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
