Quote of the Day
"Investors get to talk and debate, whether it’s on Reddit or elsewhere. The policies are the same: not to defraud the public, whether that’s a large institution, a hedge fund, or an individual."
(Gary Gensler)
Strategy
- How today's financial manias differ from the past. (awealthofcommonsense.com)
- The hardest part of portfolio rebalancing is the psychological aspect. (peterlazaroff.com)
Crypto
- The Walmart-Litecoin will get the attention of regulators. (protocol.com)
- Some crypto ETPs are flourishing overseas. (wsj.com)
- MicroStrategy ($MSTR) bought more Bitcoin. (theblockcrypto.com)
Finance
- Dror Poleg, "A16Z is doing the same thing to the venture capital industry. It is not just acting strategically in order to gain an advantage. It is imposing a whole new cost structure on its competitors." (drorpoleg.com)
- Motive Capital is going public via a SPAC. (wsj.com)
- Competition is heating up for coveted stock symbols. (axios.com)
ETFs
- Why you should always look behind an ETF's name. (etftrends.com)
- Blackrock ($BLK) continues to dominate ESG ETFs. (ft.com)
China
- China wants to break up Alipay. (ft.com)
- Joe Weisenthal and Tracy Alloway talk with Dan Wang of Gavekal about China's tech crackdown. (bloomberg.com)
- Some investors are bottom fishing in Chinese equities. (ft.com)
Supply chain
- Shipping costs are still rising with little relief in sight. (economist.com)
- Covid-related disruptions are a preview of climate change issues. (stayathomemacro.substack.com)
Housing
- Americans have a record amount of 'tappable' home equity. (thebasispoint.com)
- What's behind the rapid increase in residential rents? (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Adviser links: deeper expertise. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone read last week 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)
