Quote of the Day
"Today, believing in Coinbase as it makes its debut requires you to believe in bitcoin. But maybe we’re heading toward the reverse. Maybe soon you won’t need to believe in bitcoin at all to think it has value."
(Gregory Barber)
Markets
Strategy
- Why you need to understand the difference between 'shallow risk' and 'deep risk.' (thefinancialbodyguard.com)
- You (likely) can't predict the next market crash, but you can set up your portfolio so that you won't freak out when it does. (jlcollinsnh.com)
Coinbase
- Brian Armstrong is going to be a big winner in Coinbase's ($COIN) listing. (wsj.com)
- Coinbase ($COIN) was the Nasdaq's ($NDAQ) first major direct listing. (msn.com)
Finance
- Investor relations teams have rediscovered the retail investor class. (nytimes.com)
- It's no wonder the big banks are announcing better than expected earnings. (thereformedbroker.com)
- It's hard to see how the SPAC explosion ends well. (blog.validea.com)
Housing
- Global investors are jumping on the single-family house investment wave. (wsj.com)
- More single-family homes owned by institutions changes attitudes toward development. (bloomberg.com)
- Luxury housing eventually becomes affordable housing. (theatlantic.com)
Shortages
- The global semiconductor shortage isn't going away any time soon. (washingtonpost.com)
- Trucking companies are desperate to hire drivers. (wsj.com)
Earlier on Abnormal Returns
- Personal finance links: big life decisions. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: thematic disappointments. (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)
