Quote of the Day
"Even if an investor possessed evident skill that delivered strong results in the past, we cannot be certain that it will work in future. It is not sufficient to know whether skill exists, we need to judge whether it can persist."
(Joe Wiggins)
Markets
- Oil has topped $60 a barrel for the first time in over a year. (economist.com)
- Diamond prices have rebounded to above pre-pandemic levels. (wsj.com)
Crypto
Apple
- Steve Jobs co-founded Apple ($AAPL) but the company you see today is TIm Cook's. (theverge.com)
- What makes the Apple ($AAPL) M1 chip so fast? (onezero.medium.com)
- The iPhone has nearly killed off the digital camera business. (om.co)
Newsletters
- Are Twitter ($TWTR) and Facebook ($FB) going to ruin the nascent newsletter business? (fastcompany.com)
- The media industry is trying to come to grips with Substack. (bloomberg.com)
Retail
- Shopify ($SHOP) is integrating its checkout tool more deeply on Instagram and Facebook ($FB). (wsj.com)
- Rolling up small retailers selling on Amazon ($AMZN) is the hot new thing. (bloomberg.com)
- Branded Group has already acquired 20 sellers across the globe. (techcrunch.com)
Capital raising
- Reddit took advantage of its newfound popularity to raise capital at a higher valuation. (wsj.com)
- Why GameStop ($GME) didn't offer up a bunch of stock amid the Reddit-fueled madness. (marker.medium.com)
- What you need to know about the Bumble IPO. (theverge.com)
Finance
- The arguments against short selling are weak sauce. (morningstar.com)
- The pandemic has accelerated the move toward electronic bond trading. (bloomberg.com)
Hedge funds
- How hedge funds keep track of retail sentiment. (washingtonpost.com)
- Another hedge fund is getting into venture capital. (ft.com)
Global
- Foreign investors who put money into Ant Group are stuck for now. (wsj.com)
- Resorts around the world are facing a second dire summer tourist season. (ft.com)
- Iceland is reopening its economy. (ft.com)
Jobs
- The jobs recovery is increasingly leaving older workers behind. (bloomberg.com)
- Women are disproportionately leaving the work force. (businessinsider.com)
Earlier on Abnormal Returns
- Research links: disentangling risk. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: onboarding new clients. (abnormalreturns.com)
- Tired of reading? Listen to your favorite bloggers read some their recent posts on The Goldmine. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter just for advisers. (newsletter.abnormalreturns.com)
