Quote of the Day
"Remember, the Mona Lisa didn’t become famous until it had a story attached to it. The story of NFTs is scarcity, community and really rich tech people with too much money."
(Ben Carlson)
Markets
- Another sign of just how strong the U.S. stock market has been in 2021. (sentimentrader.com)
- Companies don't really know how Delta will play out (axios.com)
Strategy
- You have a problem when you start identifying with a stock or investment. (wsj.com)
- The problem with comparing everything to the S&P 500. (etf.com)
- Notes on Michael Batnick's book "Big Mistakes: The Best Investors and Their Worst Investment Mistakes." (novelinvestor.com)
Crypto
Profiles
- A bit profile of Sam Bankman-Fried, CEO of FTX. (finance.yahoo.com)
- How Ryan Cohen effectively took over GameStop ($GME). (wsj.com)
- Meet the investors who lost big betting on Bill Ackman's SPAC plans. (institutionalinvestor.com)
- 5 key insights from Eliot Brown and Maureen Farrell's new book, "The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion." (nextbigideaclub.com)
Finance
- Dan Loeb has attracted his own activist investor. (wsj.com)
- Cineworld wants in on some of the AMC ($AMC) action. (bloomberg.com)
- 2021 has already been a bad year for 'natural catstrophe losses.' (ft.com)
Fast food
- Fast food chains are experimenting with new technologies to reduce labor needs. (wsj.com)
- A vision of the future 'touchless' drive-thru. (axios.com)
Delta
- How big a threat is Delta to the economic recovery? (ritholtz.com)
- Restaurants are facing another challenge in Delta. (esquire.com)
- Covid has only exacerbated teaching shortages. (marketwatch.com)
Earlier on Abnormal Returns
- Podcast links: lessons learned. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: inevitable constraints. (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)
