Quote of the Day
"The fact that cryptocurrencies operate as a better medium of exchange means that the demand for them will dramatically outstrip the demand for gold as a medium of exchange."
(Cullen Roche)
Markets
- Another sign of a strength in the stock market. (sentimentrader.com)
- Putting a range of expected returns on the 60/40 portfolio. (monevator.com)
- In investing, and life, second order effects are rife. (safalniveshak.com)
Strategy
- A right and wrong way to get into trading. (priceactionlab.com)
- Why holding individual stocks is hard to do. (tker.co)
Crypto
- The NBA-Coinbase ($COIN) deal is another sign of the mainstreaming of crypto. (avc.com)
- The CBOE ($CBOE) is buying crypto derivatives exchange, Erisx. (axios.com)
Startups
- Tomasz Tunguz, "Expectations investing is ubiquitous in Startupland, especially today when investors value exceptional startups at 100x ARR." (tomtunguz.com)
- More VCs are going get built with sustainability in mind. (klementoninvesting.substack.com)
- Scaling is a whole other set of skills. (seths.blog)
Global
- Canadian inflation is at a eighteen-year high. (bnnbloomberg.ca)
- Vikings came to America exactly a thousand years ago. (newscientist.com)
Economy
- Checking in on the big recession indicators. (econbrowser.com)
- The pandemic has had a host of good and bad side effects. (awealthofcommonsense.com)
- We are now paying the bill for Covid era support. (theovershoot.co)
Earlier on Abnormal Returns
- Personal finance links: the same problems. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Abnormal Returns recently celebrated its sixteenth blogiversary, not that it is a thing anymore... (abnormalreturns.com)
- Research links: existing mental frameworks. (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)
Mixed media
- White truffle prices are soaring. (businessinsider.com)
- An excerpt from Rowan Jacobsen author of "Truffle Hound: On the Trail of the World’s Most Seductive Scent, with Dreamers, Schemers, and Some Extraordinary Dogs." (outsideonline.com)
- Russ Roberts talks with Rowan Jacobsen author of "Truffle Hound: On the Trail of the World’s Most Seductive Scent, with Dreamers, Schemers, and Some Extraordinary Dogs." (econtalk.org)
