Quote of the Day
"Being wrong and alone is what gets asset managers fired."
(Jason Zweig)
Strategy
- One big lesson we can learn from the careers of Ben Graham and Jesse Livermore. (awealthofcommonsense.com)
- Three big mistakes investor keep making including 'Accepting complexity.' (morningstar.com)
Venture capital
- The world of seed investing is now unrecognizable to experienced investors. (howardlindzon.com)
- On the recent surge in VC resignations. (axios.com)
- Kleiner Perkins is seeing a surge of exits in 2021. (news.crunchbase.com)
Netflix
- Netflix ($NFLX) is still the most important streaming services, but users are most satisified with HBO Max. (businessinsider.com)
- Netflix ($NFLX) is warming up to the idea of live sports programming. (frontofficesports.com)
Sports gambling
- The lines between sports journalism and gambling are blurring. (defector.com)
- It's only a matter of time before we see a (legal) sports gambling scandal. (theatlantic.com)
China
- George McManus, "Given Xi’s assault on private capital, investing in China remains a risky proposition, requiring a major leap of faith about Chinese politics and totalitarian governance, and its long-term economic future." (ft.com)
- China has essentially banned cryptocurrencies. (cnbc.com)
- While Neuberger Berman got approval to start its own mutual-fund business in China. (wsj.com)
Economy
- Seven things that could transform the Covid rebound into a sustainable economy recovery. (ritholtz.com)
- The U.S. housing market is normalizing going into 2022. (bloomberg.com)
- How parts shortages ripple through manufacturing chains. (npr.org)
Earlier on Abnormal Returns
- Podcast links: the future of finance. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: future generations. (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)
