Quote of the Day
"If you don’t understand something, don’t short it."
(Michael Harris)
Strategy
- Can you tell the difference between 'fast' and 'slow' risk? And why it matters. (ofdollarsanddata.com)
- Mark Hulbert, "Pick whatever risk level is appropriate for your financial situation, and then stick with it through thick and thin." (marketwatch.com)
- The vast majority of people don't track their portfolio's performance. (humbledollar.com)
Crypto
- Bitcoin is in a self-reinforcing cycle. (morningstar.com)
- Bitcoin mining is highly concentrated. (fortune.com)
- It you want to own Bitcoin, just buy Bitcoin. (morningstar.com)
Companies
- Stripe has entered a strategic partnership with “buy now, pay later” company Klarna. (ft.com)
- Rent the Runway ($RENT) is set to go public. (news.crunchbase.com)
- What online dating apps people actually pay for. (secondmeasure.com)
Venture capital
- Sequoia Capital is upending their investing model. (axios.com)
- Tiger Global just raised a $8.8 billion venture fund. (nytimes.com)
Global
- What's life like in Portugal where some 90% of those eligible have been vaccinated. (wsj.com)
- Four things Germany has gotten right lately including 'getting rid of cloth masks.' (theatlantic.com)
- Brits have been quick to let their guards down including, reduced masking. (ft.com)
Economics
- How the pandemic distorted new homes sales figures. (calculatedriskblog.com)
- Why home price increases are likely decelerating. (bonddad.blogspot.com)
- Why you should be careful using simple TIPS spreads to forecast inflation. (econbrowser.com)
Earlier on Abnormal Returns
- Research links: shifting benchmarks. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: well positioned for the future. (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
- A Q&A with Adam Tooze author of "Shutdown: How Covid Shook the World’s Economy." (strategy-business.com)
- A Q&A with Stacey Vanek Smith author of “Machiavelli for Women: Defend Your Worth, Grow Your Ambition, and Win the Workplace.” (wsj.com)
- A Q&A with Nick Offerman author of "Where the Deer and the Antelope Play: The Pastoral Observations of One Ignorant American Who Loves to Walk Outside." (npr.org)
