Quote of the Day
"Most investor interventionism against looming market crashes ultimately lead to lower compound returns than those crashes would have cost them. Markets have scared us far more than they have harmed us."
(Mark Spitznagel)
Strategy
- The 60/40 portfolio is a choice. (behaviouralinvestment.com)
- Conviction helps you as an investor, up to a point. (blog.validea.com)
- Ben Johnson, "Low volatility does not mean no volatility, just less. Low-volatility stock funds are still stock funds." (morningstar.com)
Crypto
- The cryptocurrency exchange FTX raised a big round of funding. (wsj.com)
- Pure Digital is backed by the big custodial banks. (ft.com)
- The company behind Zed Run raised a new round of capital. (axios.com)
Technology
- Apple ($AAPL) has a problem: it generates too much cash. (theirrelevantinvestor.com)
- European companies look worse in comparison because of the FAANMG stoks. (albertbridgecapital.com)
- Slack is now a part of Salesforce ($CRM). (venturebeat.com)
Finance
- Nasdaq is spinning out Nasdaq Private Market into a separate, stand-alone company. (axios.com)
- JP Morgan ($JPM) is no hurry to get rid of Jamie Dimon (bloomberg.com)
- Giving access to IPOs to retail traders is a risky endeavor. (nytimes.com)
Hedge funds
- The UBS Carmen portfolio will invest only in women-led hedge funds. (ft.com)
- Rising deal flow is good for event-driven funds. (caia.org)
Earlier on Abnormal Returns
- Personal finance links: conditional thinking. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: beaten up. (abnormalreturns.com)
- The whole world is turning Japanese, demographically speaking. (abnormalreturns.com)
- Don't throw away other people's hard-earned money lessons. (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)
