Quote of the Day
"People have a theory that any good hardworking person can be a great investor. I think they can be a pretty good investor and avoid certain pitfalls but they can't necessarily be a great investors."
(Charlie Munger)
Markets
- The VIX is way outpacing realized inflation. (theirrelevantinvestor.com)
- Junk bonds have resisted the downturn in bond markets, for now. (capitalspectator.com)
- You can't understand the boom in collectibles without consider the social dynamics at play. (economist.com)
Strategy
- The stock market is smarter than you, me and everyone else. (awealthofcommonsense.com)
- Hot markets don't necessarily have to end in a crash. (theirrelevantinvestor.com)
- You are unlikely to make money day trading. Do this instead. (tonyisola.com)
Crypto
- Coinbase has officially filed to go public via a direct listing on the Nasdaq. (msn.com)
- Grayscale now has more than $38 billion in crypto AUM. (ft.com)
- MicroStrategy ($MSTR) has purchased another billion dollars of Bitcoin. (coindesk.com)
Clubhouse
- Kevin Roose, "What’s remarkable about Clubhouse is that it seems to be experiencing this entire cycle all at once, during its first year of existence." (nytimes.com)
- Social media never really tapped into the power of voice until Clubhouse. (theconversation.com)
Finance
- The DTCC is calling for equity clearing to go T+1. (wsj.com)
- Private equity firms see both pros and cons to the SPAC boom. (institutionalinvestor.com)
Funds
- Cathie Wood of ARK Invest has to manage money and her newfound fame. (economist.com)
- The story behind the goings on at Infinity Q Capital Management. (institutionalinvestor.com)
- Vanguard is pinning its hopes in China on a partnership with AliPay. (wsj.com)
Global
- The Canadian dollar is rising on the back of a rise in commodity prices. (bnnbloomberg.ca)
- The case for UK stocks, post-Brexit and post-pandemic. (researchaffiliates.com)
Economy
Earlier on Abnormal Returns
- Longform links: being a pied piper. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: creating opportunities. (abnormalreturns.com)
- What to do when everything seems weird in the markets. (abnormalreturns.com)
- Did you miss the bottom in mortgage rates? Don't worry too much about it. (abnormalreturns.com)
- E-mail is different you have to earn the permission of your audience. (abnormalreturns.com)
- Tired of hour-long podcasts? then check out 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. (newsletter.abnormalreturns.com)
Mixed media
- Felix Salmon, "Our digital lives are surrounded by countless digital objects. NFTs are a way to imbue such objects with financial value." (axios.com)
- What you are getting when you buy a NFT for art. (nytimes.com)
- A description of crypto art vs. regular art. (scottbelsky.medium.com)
- Non-fungible tokens, or NFTs, explained. (businessofbusiness.com)
- Going down the rabbit hole with a NFT reading list. (howardlindzon.com)
- Zohar Atkins, "NFTs are no different than stamps or Beanie Babies or Pokemon cards." (whatiscalledthinking.substack.com)
