Quote of the Day
"Because investing provides no guarantees, sometimes rewarding the foolish and punishing the prudent, Wall Street's products should not be judged on outcomes."
(John Rekenthaler)
Markets
- Dividend stocks are having a good year. (wsj.com)
- Why investors focus on quality in a downdraft. (bloomberg.com)
- U.S. stocks have a higher equity duration. (klementoninvesting.substack.com)
Speculation
- The line between stocks, options, crypto and sports gambling are blurring. (nytimes.com)
- Young men are the natural target for sports gambling and crypto. (vox.com)
Strategy
- Vishal Khandelwal, "Learning how not to lose money is more important than learning how to make money." (safalniveshak.com)
- Riding the market's biggest winners is only easy in retrospect. (compoundadvisors.com)
- Ten lessons investors can learn from playing Wordle including 'Going with our gut is probably a bad idea.' (behaviouralinvestment.com)
Crypto
- Betterment is buying crypto robo-advisor Makara. (theblockcrypto.com)
- Making the investment case against crypto. (institutionalinvestor.com)
- Society runs on trust. Crypto doesn't. (markmanson.net)
FAANG
- Should we stop talking about the FAANG stocks? (blairbellecurve.com)
- How will the streaming wars play out for Netflix ($NFLX)? (marginalrevolution.com)
- Why Facebook ($FB) is desperate to build out the metaverse. (stratechery.com)
Peloton
- Front-loaded growth from the pandemic has many companies feeling a hangover. (awealthofcommonsense.com)
- Who should buy Peloton ($PTON)? (protocol.com)
Startups
- A sign that private market valuations got way out of line. (tomtunguz.com)
- Reddit is betting on more advertising revenue. (ft.com)
Finance
- Bank OZK ($OZK) is funding big chunks of the New York skyline. (wsj.com)
- Apple ($AAPL) is enabling payment features on the iPhone. (awealthofcommonsense.com)
Earlier on Abnormal Returns
- Research links: daytime drama. (abnormalreturns.com)
- The upside of creating something everyday. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: moneyed interests. (abnormalreturns.com)
- What we can from Mackenzie Scott about donating money with intention. (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)
