Quote of the Day
"The textbook has been thrown out the window. I am cool with that. I will take my chances investing against everyone else with no ‘agreed upon textbook of fundamentals.’
(Howard Lindzon)
Markets
- Some parallels in investor behavior to the dotcom bubble. (alphaarchitect.com)
- Institutional investors have largely given up on gold. (klementoninvesting.substack.com)
Strategy
- Jacob Schroeder, "The investments you choose are like the foods you eat." (incognitomoneyscribe.com)
- Why own any bonds in this environment? (pragcap.com)
Crypto
GE
- It's easy to forget GE ($GE) was, for a long time, the largest company by market cap. (ft.com)
- What took so long for GE ($GE) to break itself up? (alephblog.com)
Zillow
- Zillow ($Z) has sold 2,000 homes to Pretium Partners who plan to rent them out. (wsj.com)
- Where Zillow's ($Z) algorithms went wrong. (washingtonpost.com)
Companies
- Roblox's ($RBLX) user growth is slowing. (bloomberg.com)
- DoorDash ($DASH) is buying Wolt. (cnbc.com)
EVs
- Rivian ($RIVN) opened well above its IPO price of $78. (cnbc.com)
- It's still difficult to wrap your head around Tesla's ($TSLA) valuation. (aswathdamodaran.blogspot.com)
Finance
- The world's biggest banks are flush with excess capital. (bloomberg.com)
- Millennium Management is swapping short-term capital for long-term. (ft.com)
Funds
- Vanguard is rolling out five new 'high conviction' funds for its PAS clients. (riabiz.com)
- Blackstone ($BX) Credit is raking in AUM. (wsj.com)
- Blackrock ($BLK) is facing pushback for its very public stance on ESG. (institutionalinvestor.com)
- Grayscale Investments is getting into the ETF space. (thinkadvisor.com)
- How have Ark Innovation ($ARKK) shareholders fared over time? (morningstar.com)
Economy
- A look at the hot October CPI print. (calculatedriskblog.com)
- Who is most affected by higher inflation? (stayathomemacro.substack.com)
- We are not at the wage-push inflation stage of the economic cycle. (bloomberg.com)
- Weekly initial unemployment claims continue to trend lower. (bonddad.blogspot.com)
- Productivity growth is still strong. (ritholtz.com)
Earlier on Abnormal Returns
- Personal finance links: cash and courage. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: sensible decisions. (abnormalreturns.com)
- Most of what we know is wrong. Have a little humility. (abnormalreturns.com)
- Want to get luckier in life? Be nice. (abnormalreturns.com)
- On opting out of the online hostility and anger. (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)
