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Quote of the Day
"What if, in other words, private equity funds are the investment equivalent of Christmas Card memberships? People like private equity not because it is a more profitable investment but instead because it is emotionally satisfying."
(John Rekenthaler)
Markets
- How 2019's big advance compares to other years. (theirrelevantinvestor.com)
- The Nasdaq has broken 9,000 for the first time ever. (crossingwallstreet.com)
- Quality led the factor race in 2019. (finance.yahoo.com)
Strategy
Crypto
Business
- Deep-pocketed investors are hoping to ride out low natural gas prices. (wsj.com)
- E-book sales have stabilized at 20% of total book sales. (vox.com)
- Online sports betting is booming in New Jersey. (wsj.com)
Finance
- By the end of next year every broker will offer fractional trading. (howardlindzon.com)
- 12 weird, wacky thing that happened in the PE/VC space in 2019. (pitchbook.com)
Funds
Tickets
- Concert tickets have only gone up over the past decade. (wsj.com)
- Live Nation ($LYV) thinks concert tickets are still TOO cheap. (marketwatch.com)
Economy
Earlier on Abnormal Returns
- Podcast links: the rise of livestreaming audio. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: amounts of runway. (abnormalreturns.com)
