Quote of the Day
"The pandemic seems to have broadened Airbnb's sense of its place in the world. It once operated like an alternative to stodgy hotels, but is now embracing the idea that it can be an alternative to permanent housing as well."
(David Pierce)
Chart of the Day
The price of Bitcoin peaked on the day of the Coinbase ($COIN) IPO.
Markets
- 2020 vs. 2021: a year in contrasting markets. (awealthofcommonsense.com)
- The original Roaring 20's happened with low starting stock valuations. (bloomberg.com)
Strategy
- Every investment strategy has its own unique 'tempo.' (ensofinance.blog)
- Investment edges come in different shapes and sizes, but are in the end rare. (realreturns.blog)
- How the widespread use of smartphones changes investor behavior. (seekingalpha.com)
Crypto
- Decentralized exchanges, like Uniswap, are taking share from the likes of Coinbase. (wsj.com)
- Making the case for Ethereum: it's the 'Excel of blockchains.' (notboring.co)
Finance
- Another sign the bloom is off the SPAC rose: startups are passing. (wsj.com)
- Low credit spreads mean lots of CLO issuance. (wsj.com)
Earlier on Abnormal Returns
- Adviser links: increased relevance. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone was clicking on last week o on the site. (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
- CEOs want people back in the office. Workers not so much. (washingtonpost.com)
- Successful startup CEOs are not necessarily 20-somethings. (bloomberg.com)
- Why a 'high quality mid-stage startup' is a great place to start your career. (hunterwalk.medium.com)
- Can you really ban politics from the office? It depends... (citywireusa.com)
