Quote of the Day
"You ever notice it’s the same people who spent eight years moping about deflation and disinflation who are now shrieking about inflation?"
(Josh Brown)
Chart of the Day

It only took Bitcoin 12 years to reach the trillion dollar mark.
Asset allocaiton
- Asset allocation helps us capture average capital market returns. (capitalspectator.com)
- @demonetizedblog, "Concentration gets you rich. Diversification keeps you rich." (ensofinance.blog)
Crypto
- Bitcoin has hit a new all-time price high. (coindesk.com)
- The Coinbase ($COIN) listing is the beginning of a new era. (howardlindzon.com)
- Patrick O'Shaughnessy talks blockchain with Chris Dixon of a16z. (joincolossus.com)
Companies
- Stripe emerged from the pandemic stronger than before. (wsj.com)
- Singapore-based Grab is going public via the largest SPAC deal in history. (cnbc.com)
- Epic Games just raised another $1 billion in capital. (variety.com)
Sports gambling
- Sports gambling is working its way across the United States with the help of UK-based operators. (ft.com)
- DraftKings ($DKNG) is going to push deeper into the media side. (axios.com)
- As sports gambling expands, so will interest in betting on golf. (wsj.com)
Hedge funds
- Hedge fund managers are feeling more confident. (institutionalinvestor.com)
- Just about everything that could go wrong for stock pickers over the past few years, has gone wrong. (bloomberg.com)
Fund management
- Don't confuse a manager's size with actual shareholder impact. (morningstar.com)
- Morningstar ($MORN) is changing its coverage of the liquid alts category. (citywireusa.com)
Economy
- The March 2021 CPI came in a little hot. (bonddad.blogspot.com)
- Why inflation pressures are going to have to rise before people freak out. (compoundadvisors.com)
Earlier on Abnormal Returns
- Research links: thematic disappointments. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: better abstractions. (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)