Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at what really drove the Roaring 20’s.

Quote of the Day

"Exponential phenomena are almost impossible for us to grasp. We are very experienced in a more or less linear world...We’re not equipped for it. It takes a long time to educate intuition."

(Daniel Kahneman)

Chart of the Day

The debate about Bitcoin energy consumption is only getting hotter.