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Quote of the Day
"Those with the insight and daring to found a business deserve our respect. But once they sell the vast majority of the company to the public, they should not be allowed to run it forever without any shareholder input. Public ownership must mean public accountability."
(Paul Singer)
Chart of the Day
Good luck trying to value cannabis stocks on traditional financial metrics.
Markets
- The S&P 500 is at a five-month high. (crossingwallstreet.com)
- The US had a good 20th century. (awealthofcommonsense.com)
Strategy
- Have the 'weak hands' been driven out of value investing yet? (wsj.com)
- How a strong investment narrative forms. (demonetizedblog.com)
Crypto
Companies
Lyft
- A closer look at Lyft's S-1. (avc.com)
- Will pushback against dual-class shares put a dent in Lyft's IPO? (ft.com)
Finance
- Investors are waiting with bated breath for final Opportunity Zone rules from the Treasury. (nytimes.com)
- Trading in US Treasuries is increasingly happening on platforms like LiquidityEdge. (wsj.com)
Institutional
- Calpers wants MORE private equity. (wsj.com)
- On the real-life performance of a big public, private equity investor. (mailchi.mp)
- For institutions, smart beta is the new passive. (institutionalinvestor.com)
ETFs
Economy
- New homebuilder sentiment was steady in March. (calculatedriskblog.com)
- The Fed should just ditch the dot plot. (blog.yardeni.com)
Earlier on Abnormal Returns
- Adviser links: going back to work. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- Want to find some new financial bloggers? We're here to help. (abnormalreturns.com)
