Quote of the Day
"Leaders who can provide both operational and visionary leadership are a rare but special breed."
(Fred Wilson)
Chart of the Day

The last year, or so, has seen a big surge in real home prices.
Alternatives
- How global stimulus killed the distressed debt opportunity. (bloomberg.com)
- What's behind the (relative) decline in endowment performance? (evidenceinvestor.com)
Crypto
- There are 45 cryptocurrencies with a market cap greater than $1 billion. (theirrelevantinvestor.com)
- In defense of Dogecoin. (twitter.com)
Companies
- In a pandemic year, 'the median CEO pay package for Russell 3000 companies rose by 6% last year.' (ft.com)
- The Archegos-related sell-off has likely affected more stocks than currently disclosed. (wsj.com)
- Competition is taking its toll on Netflix's ($NFLX) dominance. (nytimes.com)
Apple
- Everything Apple ($AAPL) announced at their big 'Spring Loaded' event including new iMacs, iTags and a new season for 'Ted Lasso.' (digg.com)
- Apple's ($AAPL) new products (inevitably) step on the toes of competitors. (nytimes.com)
- Apple's ($AAPL) new products are all about better images. (om.co)
- Apple ($AAPL) AirTags are the start of something bigger. (wired.com)
- An M1-powered iMac shows Apple's ($AAPL) commitment to the Mac. (sixcolors.com)
ETFs
- Thematic ETFs often hold small cap stocks which can easily get overwhelmed by demand. (citywireusa.com)
- The winners of the 2020 ETF.com Awards. (etf.com)
Economy
- Wage inflation will be the ultimate tell that inflation is back. (sl-advisors.com)
- When will NBER pinpoint as the end of the recession? (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: just one question. (abnormalreturns.com)
- Here's hoping this 'entertaining anomaly' persists. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: scarce edges. (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)