Quote of the Day
"Asset management firms should care about culture not because it sells or helps improve the brand, but because it leads to better outcomes for all stakeholders."
(Joe Wiggins)
Chart of the Day

Alphabet ($GOOGL) has added some $1.5 trillion in market cap since changing its corporate name.
Markets
- How major asset classes performed in October 2021. (capitalspectator.com)
- We are now in the strongest period of positive seasonality. (sentimentrader.com)
Crypto
- Crypto conglomerate, Digital Currency Group Inc., raised capital at a $10 billion valuation. (wsj.com)
- Banks are slowly coming around to the crypto bandwagon. (nytimes.com)
Companies
- Zillow ($Z) hit a bump in the road, but iBuying isn't done by any means. (vox.com)
- ByteDance, the owner of TikTok, is encouraging workers to work fewer hours. (washingtonpost.com)
- Amazon ($AMZN) is going to start launching satellites to provide Internet service. (nytimes.com)
- Companies are scrambling for warehouse space. (ft.com)
Venture
- The battle for 10 minute grocery delivery, backed by venture, is heating up. (wsj.com)
- The state of venture capital is up and to the right. (theirrelevantinvestor.com)
- MBM Capital, is raising funds to buy venture-stage companies with 'real revenue and products but struggling to raise additional capital. ' (wsj.com)
- Brazil is a hot spot for venture capitalists. (wsj.com)
Economy
- Manufacturing was strong in October. (bonddad.blogspot.com)
- The key for housing in 2022 is inventory. (calculatedrisk.substack.com)
- Pundits who scream 'stagflation' are off-base. (ritholtz.com)
Earlier on Abnormal Returns
- Adviser links: confronting reality. (abnormalreturns.com)
- November ESG links: the price of carbon. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What you missed 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)