Quote of the Day
"Diversification may occasionally fall out of favor, but it will never go out of style."
(Phil Huber)
Crypto
- How Coinbase ($COIN) came to be central to the cryptocurrency market. (ft.com)
- Coinbase is likely the first of many public crypto exchanges. (cnbc.com)
Finance
- Instacart and DoorDash ($DASH) want to get into the credit card business. (wsj.com)
- SPACs are having to pay up for D&O insurance. (sportico.com)
Funds
- Sometimes you have to dive deep to understand what is in an index. (morningstar.com)
- Getting a new fund management operation off the ground is insanely difficult. (neckar.substack.com)
Economy
Earlier on Abnormal Returns
- Longform links: the NFT party. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: getting older. (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)