Quote of the Day
"If you were to look at all the most valuable brands in the world in the decade since Disney was founded in 1923, there are only two companies left that are still considered among the top global brands — Disney and Cola-Cola."
(Bob Iger)
Markets
- Options trading exploded in 2021. (cnbc.com)
- Lessons from John Rekenthaler's 33 years in the investment business. (morningstar.com)
Venture
- OpenSea was the breakout startup of 2021. (semilshah.com)
- Will the Elizabeth Holmes case have an effect on the Silicon Valley playbook? (protocol.com)
Finance
- 2021 saw a surge in intra-PE transactions. (ft.com)
- Money managers are still struggling with how hybrid work will affect firm culture. (institutionalinvestor.com)
Media
- 2021 saw record amount of TV content made. (variety.com)
- For better or worse, media companies continue to chase scale. (cjr.org)
- How Matt Levine panics his way into a daily finance newsletter. (morningbrew.com)
Omicron
- The Omicron wave is already receding in South Africa. (washingtonpost.com)
- Omicron is forcing flight cancellations this holiday weekend. (axios.com)
- Ontario will be the first to list fluvoxamine as a Covid treatment. (ctvnews.ca)
- Residents of Chicago and Boston will soon be required to show proof of full vaccination in order to enter indoor spaces. (npr.org)
- Why you should take antigen tests as close to the event as possible. (nytimes.com)
Economy
- Most major economic indicators are above pre-pandemic levels, except for non-farm payrolls. (econbrowser.com)
- There are a record number of new homes that have not begun construction. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Podcast links: gaining traction. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: true disconnection. (abnormalreturns.com)
- Check out my conversation with Peter Lazaroff on 'The Long Term Investor' podcast. (peterlazaroff.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 20 best books of 2021 including "Being a Human" by Charles Foster. (theatlantic.com)
- Ryan Holiday's favorite books of 2021 including "How The Word is Passed: A Reckoning with the History of Slavery Across America" by Clint Smith. (ryanholiday.net)
- The best books of 2021 including "Empire of Pain: The Secret History of the Sackler Dynasty" by Patrick Radden Keefe. (kottke.org)
