Quote of the Day
"Investors love the idea of an uncorrelated asset but may not like the reality. Expectations are often for an uncorrelated asset to keep up in good times and act as a hedge in the bad times. Such an asset doesn’t exist."
(Bobby Blue and Erol Alitovski)
Markets
- How often should you expect a market correction, bear market etc. (awealthofcommonsense.com)
- The Nasdaq Composite is in correction territory. (sentimentrader.com)
Crypto
- Bitcoin is not, and never was, an inflation hedge. (theirrelevantinvestor.com)
- "Crypto investing is tech investing because crypto is just tech." (ospreyfunds.io)
Sports betting
- 2021 was a big year for sports gambling. (morningconsult.com)
- MGM Resorts International ($MGM) and Entain are investing around $450 million in BetMGM. (frontofficesports.com)
Companies
- Intel ($INTC) is investing big in Ohio. (theverge.com)
- Netflix ($NFLX) subscriber growth is slowing so it is looking at gaming. (protocol.com)
Venture capital
- It's hard to see how the growth stock disaster won't fee through startup valuations. (axios.com)
- Data on private companies is out there, it just isn't all in one place. (institutionalinvestor.com)
- European venture funding doubled in 2021. (wsj.com)
Finance
- Doing the math on the Digital World Acquisition ($DWAC) SPAC. (morningstar.com)
- Free trading apps continue to proliferate. (investmentnews.com)
- SoFi ($SOFI) is now a bank. (protocol.com)
Fund management
- The ETF business is far different than what its creators meant. (blogs.cfainstitute.org)
- Highlighting a Vanguard fail when it comes to its target-date funds. (wsj.com)
- The most unloved fund categories in 2021. (morningstar.com)
Books
- Ryan Holiday recommends some essential books for 2022 including "Four Thousand Weeks: Time Management for Mortals" by Oliver Burkeman. (ryanholiday.net)
- Ramp's favorite investing books of 2021 including "The Cult of WeWork" by Eliot Brown and Maureen Farrell. (checkout.rhone.com)
Earlier on Abnormal Returns
- Podcast links: the streaming wars. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: minds and values. (abnormalreturns.com)
- Learning from your money mistakes. (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)
