Quote of the Day
"Basically smart people just want complex ideas made simple."
(Derek Thompson)
Markets
- The current bond market drawdown is not out of historical norms. (pragcap.com)
- How big can prediction markets really get? (economist.com)
Strategy
- Don't let the market become your life. (calvinrosser.com)
- How checklists can reduce avoidable errors. (humbledollar.com)
- What stock market forecasters can learn from weather forecasters. (aarp.org)
Crypto
- Sequoia Capital is launching a new crypto-focused fund. (theblockcrypto.com)
- Will crypto outfits attract the attention of SPACs? (economist.com)
Companies
- Dan Loeb thinks the market is undervaluing Amazon's ($AMZN) AWS unit. (wsj.com)
- Shopify ($SHOP) is spending big on its future. (protocol.com)
Startups
- Don't underestimate the impact of the professionalization of startups. (investing1012dot0.substack.com)
- How to know if a career in VC is right for you. (hunterwalk.com)
- Why content platforms all go through the same downward spiral. (anildash.com)
Fund management
- Charlie Munger is wary of the growing power of index fund managers. (wsj.com)
- A look at how music royalty funds work. (caia.org)
Economy
- Weekly initial unemployment claims have stopped going down. (bonddad.blogspot.com)
- Higher mortgage rates will soon start hitting supply and demand. (bloomberg.com)
- Americans are set to shift their spending from goods to services, like travel. (washingtonpost.com)
Earlier on Abnormal Returns
- Longform links: a weirder world. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the most precious resource. (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)
