Quote of the Day
"Diversification has once again become a four-letter word, as owning anything outside of the Nasdaq 100 tech leaders has cost investors dearly."
(Charlie Bilello)
Chart of the Day

Inflation feels worse because newer generations never really experienced it before.
Markets
- Half of this year's big IPOs are trading below their offer price. (ft.com)
- Most market terminology does not have a precise definition. (ritholtz.com)
- Every generation has to deal with stuff, like Covid-19. (awealthofcommonsense.com)
Crypto
- MicroStrategy ($MSTR) has purchased more Bitcoin. (theblockcrypto.com)
- The case for dollar-cost averaging into some cryptocurrency exposure. (impersonalfinances.com)
- Putting Bitcoin's energy use into context. (marginalrevolution.com)
Companies
- Twitter ($TWTR) has a new CEO. (theverge.com)
- In the U.S. alone, Amazon ($AMZN) has added 450 new facilities. (wsj.com)
- The IT department is an outdated idea. (wsj.com)
Fund management
- Expert networks have outgrown their hedge fund niche. (institutionalinvestor.com)
- Another VC, Thrive Global, is registering with the SEC. (wsj.com)
Global
- China's population growth is set to turn negative far sooner than anticipated. (ft.com)
- All eyes are on South Africa to see how omicron plays out. (washingtonpost.com)
Economy
- The 'Great Resignation' is leading to a surge in entrepreneurial activity. (wsj.com)
- Real gasoline prices are back to their average historical levels. (energyathaas.wordpress.com)
Earlier on Abnormal Returns
- Adviser links: a nice reminder. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone was reading 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)