Quote of the Day
"Humility is an enormously important quality. You can’t win without it. Survival, in the end, is where the winners are by definition, and survival begins with humility."
(Peter Bernstein)
Markets
- The first half of 2021 in charts. (compoundadvisors.com)
- The case for a profits squeeze in 2022. (economist.com)
- The past year has been pretty, pretty good for stocks. (sentimentrader.com)
Strategy
- What's in your 'too hard pile'? (morningstar.com)
- It's easier to stay the course if you think of your stocks as a (small) part of ongoing businesses. (retirementfieldguide.com)
Crypto
- The creator of Dogecoin just put the crypto industry on blast. (marketwatch.com)
- How a former plastic surgeon with a sketchy background came to be at the enter of the crypto world. (ft.com)
Finance
- Companies are negotiating shorter IPO lockups. (wsj.com)
- Direct lenders are increasingly pushing banks aside. (ft.com)
- Blackstone ($BX) is buying a stake in AIG's life insurance business. (wsj.com)
Venture capital
- The private markets are awash in cash. (theirrelevantinvestor.com)
- Revolut raised capital at a $33 billion valuation. (techcrunch.com)
Global
- China's tech giants are now on notice. (thereformedbroker.com)
- Japan remains mired in deflation. (nytimes.com)
Economy
- Weekly initial unemployment klaims are at pandemic lows. (calculatedriskblog.com)
- Price changes aren't 'transitory' unless they reverse. (pragcap.com)
Earlier on Abnormal Returns
- Longform links: distributed workforces. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: dematerialized money. (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)
