Quote of the Day
"In today's speculative booms, by contrast, value is understood as something that can, in effect, be created out of whole cloth: As long as people agree that something is valuable, they can make it valuable."
(James Surowiecki)
Markets
- The amount of short selling has collapsed. (finance.yahoo.com)
- Corporate insiders have turned into big net sellers. (sentimentrader.com)
Strategy
- Nobody ever said the equity market has to trade at 'fair value.' (behaviouralinvestment.com)
- Gamified trading is going to lead new investors to have some really bad habits. (awealthofcommonsense.com)
- Why you shouldn't be dogmatic about your investment style. (furballfinancial.substack.com)
Crypto
- Venmo now allows users to hold and transact in four cryptocurrencies. (theverge.com)
- How Dogecoin went mainstream. (wsj.com)
Companies
- Big Tech is beset by regulatory challenges across the globe. (nytimes.com)
- Nobody likes Google's ($GOOGL) new FLoC tracking technology. (bleepingcomputer.com)
- Despite all the subscription hype, digital advertising is red hot. (nytimes.com)
- Everything on Amazon ($AMZN) is pretty much an ad. (snippet.finance)
Oatly
- Oatly ($OTLY) has filed to go public. (wsj.com)
- Oatly has listed climate change as a risk factor for its forthcoming IPO. (theverge.com)
Netflix
- Netflix ($NFLX) is now beset with competitors. (axios.com)
- Netflix's ($NFLX) deal for the 'Knives Out' sequels shows they are players in the franchise space. (nytimes.com)
- Netflix ($NFLX) has the lowest cancellation rate. (thestreamable.com)
Fund management
- The Renaissance Medallion Fund continues to generate huge returns, its public funds not so much. (institutionalinvestor.com)
- An analysis of what went wrong with the Infinity Q Diversified Alpha Fund. (wsj.com)
Canada
- Two Canadian companies are battling to acquire railway Kansas City Southern ($KSU). (bnnbloomberg.ca)
- Canadians are looking to the U.S. with vaccine envy. (washingtonpost.com)
Lumber
- While lumber prices are soaring, tree prices are stagnating. (finance.yahoo.com)
- In search of carbon offsets companies are paying tree growers not to cut them down. (wsj.com)
- Wood pellets are no environmental panacea. (nytimes.com)
Earlier on Abnormal Returns
- Research links: scarce edges. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: added assets. (abnormalreturns.com)
- New wealth comes along with new found emotions. (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
- An entire ecosystem is growing up around the 'creator economy.' (howardlindzon.com)
- John Constine, "To become rockstars in the modern age, artists must be more than virtuosos of a single discipline." (constine.substack.com)
- Yuanling Yuan, "Being a creator today requires evolving from being an artist to being a founder." (signalfire.com)
