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Quote of the Day
"I don’t think there’s anything wrong with private assets or private equity [but] it's very hard to sell the private stuff in a downturn...My warning is you have to be really careful on how much you load up."
(Mark Machin, CEO of the Canada Pension Plan Investment Board)
Markets
Crypto
Companies
- Fintech was supposed to kill the big credit card processors. It only served to strengthen them. (barrons.com)
- Independent shale drillers in the US are facing pressure to either expand or be acquired. (ft.com)
Finance
- High private market prices are making for disappointing Unicorn IPOs. (wsj.com)
- The downside of private equity managers switching to C-corps. (ft.com)
Funds
Global
Economy
- US fertility rates have been steadily falling since the GFC. (axios.com)
- How the definition of urban/rural has changed over time. (washingtonpost.com)
- Can farming help save Appalachia? (modernfarmer.com)
- Bloat, alone, does not explain rising education costs. (marginalrevolution.com)
Earlier on Abnormal Returns
- Adviser links: flipping the switch. (abnormalreturns.com)
- Financial literacy vs. a fiduciary standard: which matters more? (abnormalreturns.com)
- How a genuine apology can keep a customer from jumping ship. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
