Quote of the Day
"Investments are the new status symbol."
(Ben Carlson)
Markets
- The stock market usually gets stuff right. (theirrelevantinvestor.com)
- Don't forget the stock market is more concentrated than usual. (crossingwallstreet.com)
- Why oil prices are back above pre-pandemic price levels. (wsj.com)
Strategy
- Are you an investing cheetah or pronghorn? (breakingthemarket.com)
- Lessons from Warren Buffett's 2020 Berkshire Hathaway ($BRK.A) shareholder letter. (novelinvestor.com)
Audio
- The age of the audio influencer is here. (nytimes.com)
- New audio venues, like Clubhouse, won't disappear post-pandemic. (theirrelevantinvestor.com)
- People love Clubhouse's UI. (fastcompany.com)
Companies
- Why Square ($SQ) bought control of audio streaming service Tidal. (vox.com)
- How much of the growth in new media platforms a rejection of Twitter ($TWTR)? (bloomberg.com)
- Disney ($DIS) is pulling back from the retail business. (nytimes.com)
SPACs
- Speculation is rampant about what company Bill Ackman's SPAC is going to merge with. (institutionalinvestor.com)
- Home insurance startup Hippo is going public via a SPAC. (wsj.com)
- The story behind the SPAC acquisition of newsletter publisher Beacon Street Group. (barrons.com)
- Things will ebb and flow but SPACs are here to stay. (howardlindzon.com)
ETFs
- Ben Johnson, "There are increasing signs that ARK’s funds are facing capacity challenges." (morningstar.com)
- The more you think about it the more you scratch your head about the VanEck Vectors Social Sentiment ETF ($BUZZ). (etftrends.com)
- There are no ETFs without authorized participants (APs). (ft.com)
Global
Economy
- Weekly initial unemployment claims are well past their peak. (calculatedriskblog.com)
- "Continued claims remain at levels last seen in autumn 2009, only a few months after the Great Recession." (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Longform links: a natural calamity. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: your future financial needs. (abnormalreturns.com)
- March ESG links: sustainable momentum. (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
- WFH was a necessity. What companies should keep in mind about work, post-pandemic. (annehelen.substack.com)
- The pandemic will end, but the Infrastructure to facilitate virtual business meetings will remain. (venturebeat.com)
- The pandemic economy has split friendships along economic lines. (nytimes.com)
