Quote of the Day
"Amazon is the most disruptive company in the history of capitalism..."
(Michael Batnick)
Markets
- Dogecoin is another sign that mini-bubbles can pop up anywhere, anytime. (wsj.com)
- Investors around the world are speculating despite the fact that it has never been easier or cheaper to invest in a diversified portfolio. (ft.com)
- Stock buybacks are picking back up again after a pandemic pause. (axios.com)
- What's behind the epic lumber rally. (rcmalternatives.com)
Strategy
- Don't overlook the role demographics and fund flows play on the markets. (awealthofcommonsense.com)
- Why even naive diversification strategies get the job done. (capitalspectator.com)
Crypto
- Nobody really knows how much leverage is in the Bitcoin trading system. (wsj.com)
- Why Bitcoin is bad for the environment. (newyorker.com)
- Don't kid yourself. Bitcoin is not a solution to renewable energy. (ft.com)
Audio
- The Apple ($AAPL)-Spotify ($SPOT) podcast battle is heating up. (wsj.com)
- How many podcasters will be able to charge for subscriptions? (engadget.com)
- Clubhouse is a feature, not a business. (ez.substack.com)
SPACs
- The SPAC boom has added more 'dry powder' to the sidelines. (institutionalinvestor.com)
- SPAC-funded companies are also borrowing in the junk bond market. (wsj.com)
Finance
- Greater disclosure will not necessarily prevent frauds. (albertbridgecapital.com)
- It's never a good sign when a company is hiring relatives of top executives. (bloomberg.com)
- Why Affirm is buying Returnly. (protocol.com)
Startups
- Startup employees can't diversify their career risks. (priceactionlab.com)
- What startup employees need to know about options. (notboring.co)
- 30 tips for new startup employees including 'Deeply understand the business model.' (review.firstround.com)
Economy
- New home sales have hit their highest level since 2006. (calculatedriskblog.com)
- Weekly initial unemployment claims show economic growth is intact. (bonddad.blogspot.com)
- Small businesses are feeling better about things. (axios.com)
Earlier on Abnormal Returns
- Podcast links: inconsistent risk-taking. (abnormalreturns.com)
- A second chance to re-finance your mortgage at a lower rate. (abnormalreturns.com)
- Longform links: growing a company. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: just one question. (abnormalreturns.com)
- Here's hoping this 'entertaining anomaly' persists. (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
- Malcolm Gladwell has a new audiobook! By the way, he also has a new book "The Bomber Mafia." (wsj.com)
- Want to get your book on the bestseller list? Have a political party buy in bulk. (washingtonpost.com)
- Closed bookstores makes it even harder for smaller publishers and authors to break through. (nytimes.com)
