Quote of the Day
"But if the financial markets are instead a progression of profoundly different eras that bear little resemblance to each other, then analyzing more history doesn’t necessarily produce more insight."
(Mark Hulbert)
Markets
- Talking about 'Big Tech' obscures a lot of differences below the surface. (realreturns.blog)
- Commodity booms are a recurring feature of markets. (investoramnesia.com)
Berkshire Hathaway
- A review of what Warren Buffett and Charlie Munger said at the Berkshire Hathaway ($BRK.A) annual shareholder meeting. (cnbc.com)
- Berkshire Hathaway ($BRK.A) is noting inflation in its businesses. (nytimes.com)
- SPACs are one reason why Berkshire ($BRK.A) is unable to get deals done. (bloomberg.com)
Crypto
- Andreessen Horowitz is out fundraising for a $1 billion fund focused on crypto (ft.com)
- What's behind the Dogecoin phenomenon? (businessofbusiness.com)
- Signs of froth in the crypto space. (mr-stingy.com)
Policy
- Young people haven't changed that much, what has changed is the economy. (theatlantic.com)
- Slowing population growth is an existential crisis for the U.S. (bloomberg.com)
- A booming IPO market is generating higher than expected tax revenue in California. (nytimes.com)
- An optimistic take on the position of the U.S. in the world. (ft.com)
- Providing college accounts at birth is an effective intervention. (nytimes.com)
Economy
- The spike in economic activity is impressive. (mrzepczynski.blogspot.com)
- The economy will truly have recovered when services bounce back. (econbrowser.com)
- The economy is recovering but is unbalanced and disjointed. (nytimes.com)
- The U.S. had one of the most aggressive fiscal responses to the pandemic. (vox.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: the pattern of resistance (abnormalreturns.com)
- The future is promised to no company. (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
- Secondary transactions in startup equity is becoming mainstream. (axios.com)
- Venture capital firms are increasingly turning to younger generations to get a fresh take on new technologies. (washingtonpost.com)
- PE-backed Tempo is snapping up music publishing rights. (wsj.com)
- What Google is doing to reconfigure its work spaces. (nytimes.com)
