Quote of the Day
"Problem solving is the best business, in every sector. And yes, that means a lot of profits should be made. It is not a conflict of interest; it is the purest incentive."
(Ryan Krueger)
Markets
- The constitution of momentum indices is going to change a lot. (theirrelevantinvestor.com)
- The value-growth reversal is impressive. (sentimentrader.com)
Strategy
- Five ways the markets have evolved since the Dot com era. (ritholtz.com)
- Be careful of narratives built on single, misinterpreted chart. (collaborativefund.com)
Crypto
- Just because you are trading crypto doesn't mean you can avoid paying taxes on it. (forbes.com)
- A Bitcoin explainer for investors who usually invest in conventional securities. (morningstar.com)
- Estimates vary on how much electricity the Bitcoin network uses, but it's a lot. (nytimes.com)
- The crypto industry would do well to study the energy issue more thoroughly. (avc.com)
Offerings
- How much of the boom at Roblox is pandemic-related? (bloomberg.com)
- What you need to know about the Coursera IPO. (collaborativefund.com)
- An airline IPO in this market? Frontier Airlines thinks so. (cnbc.com)
- Quantum computing startup IonQ Inc. is going public via a SPAC merger. (wsj.com)
- Female CEOs of companies going public are a rarity. (visualcapitalist.com)
Finance
- SoFi is pushing faster into the banking. business. (wsj.com)
- M1 Finance just raised a big Series D. (news.crunchbase.com)
- The brain drain on the sell-side is accelerating. (institutionalinvestor.com)
Economy
- Don't discount the size of the economic experiment that is going to happen to the U.S. economy in 2021. (awealthofcommonsense.com)
- What, if anything, do commodities tell us about the prospects for inflation? (theirrelevantinvestor.com)
Earlier on Abnormal Returns
- Research links: emerging anomalies. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: a bounty of choices. (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
- Seth Godin, "The trap, then, is that creators can get hooked on creating these. Buyers with a sunk cost get hooked on making the prices go up, unable to walk away." (seths.blog)
- NFTs are a useful construct, but may not be a great investment. (ofdollarsanddata.com)
- Collectibles crazes are nothing new in history. (investoramnesia.com)
- Why NFTs are NOT a fad. (continuations.com)
