Quote of the Day
"One reason inflation sparks such gloom is that price hikes have been so unknown in recent decades that a generation of consumers does not know how to parse the current outlook."
(Gillian Tett)
Markets
- If 6% inflation can't get Treasury yields substantially higher, what will? (pragcap.com)
- There's little doubt that investors are starved for yield. (awealthofcommonsense.com)
Companies
- Why Casper ($CSPR) failed as a public company. (kjlabuz.substack.com)
- Twitter ($TWTR) has a VIP list of people get help when attacked by trolls. (bloomberg.com)
- On the growth of sports betting in the U.S. and DraftKing's ($DKNG) role. (cnbc.com)
- Why Apple ($AAPL) is taking on spyware maker NSO Group. (slate.com)
Media
- A big profile of Bob Chapek, CEO of Disney ($DIS). (ft.com)
- Netflix ($NFLX) is launching a new website titled Tudum to track news about its content. (hollywoodreporter.com)
- How big a deal would it be for Hulu if NBCU pulls its content? (variety.com)
Venture capital
- Ben Horowitz and Marc Andreessen seem to reducing their a16z responsibilities. (bloomberg.com)
- The world's biggest unicorns of 2021 including ByteDance and Stripe. (visualcapitalist.com)
- Why many experienced VCs are retiring or taking a step back. (bloomberg.com)
Fund management
- Investors don't flock to Vanguard for its technology. (riabiz.com)
- The ARK Transparency ETF ($CTRU) is now live. (etf.com)
Global
- Brazilian digital bank, Nubank ($NU) is now public. (nautil.us)
- Fewer Chinese couples are getting married. (ft.com)
- New Zealand is going to make it effectively illegal for anyone born after 2008 to smoke. (fortune.com)
Economy
- Weekly initial unemployment claims are at their lowest level since 1969. (calculatedriskblog.com)
- We really won't know the true state of the employment economy until the pandemic is in the rear view mirror. (bonddad.blogspot.com)
- How much of current supply issues are driven by panic buying? (ft.com)
- U.S. population is growing at its slowest pace in nearly a century. (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Longform links: how oceans move. (abnormalreturns.com)
- A Q&A with Phil Huber author of the new book "The Allocator's Edge." (abnormalreturns.com)
- An anti-investment policy statement. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: relatively rich. (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
- The best books of 2021 including "Empire of Pain: The Secret History of the Sackler Dynasty" by Patrick Radden Keefe. (slate.com)
- A list of notable behavioral science books published in 2021 including "Chatter: The Voice in Our Head, Why it Matters, and How to Harness It" by Ethan Kross. (behavioralscientist.org)
- 2021 holiday book recommendations including "How to Do Nothing: Resisting the Attention Economy" by Jenny Odell. (vox.com)
