Quote of the Day
"The problem with wanting to become something and focusing so much on some future version of yourself is that you don’t really fully experience things in the present tense."
(Patrick Freyne)
Markets
- With stocks blowing up every day, why isn't the stock market down more? (theirrelevantinvestor.com)
- Meta ($FB) has dropped out of the top 10 global companies by market cap. (finance.yahoo.com)
Strategy
- Over the past few decades, simplicity has paid off for U.S.-centric investors. (morningstar.com)
- Why it's easy to confuse beta for alpha. (capitalspectator.com)
Crypto
- There's no right answer when it comes to crypto portfolio allocations. (bloomberg.com)
- More crypto regulation is coming. The question is when and how much? (ft.com)
- Stablecoin issuer Circle has upped its valuation in a SPAC deal. (axios.com)
Companies
- Uber ($UBER) and Lyft ($LYFT) are pushing into the health care sector. (theverge.com)
- Why Peloton's ($PTON) growth hit a wall. (marker.medium.com)
- 2022 is a rough year to be CEO. (axios.com)
Ford
- Consumer Reports now recommends the Ford ($F) Mustang Mach-E over the Tesla Model 3. (npr.org)
- People in line for a new Ford ($F) Bronco are frustrated. (bloomberg.com)
Sports gambling
- DraftKings ($DKNG) is still losing big money in pursuit of new gamblers and markets. (nytimes.com)
- Is the future of betting, peer-to-peer? (execsum.co)
Venture capital
- Lessons learned from Sebastian Mallaby's new book "The Power Law." (neckar.substack.com)
- How solo GPs are finding ways to scale up. (angellist.com)
- Why large university endowment outperformed their smaller counterparts last year, think VC. (institutionalinvestor.com)
Global
- China is cracking down on another industry, this time food delivery. (wsj.com)
- 'Fortress Australia' is reopening to tourists. (nytimes.com)
Housing
- The number of homes for sale is at a record-low. (calculatedrisk.substack.com)
- How did Zillow ($Z) lose money selling houses in a hot market? (fullstackeconomics.com)
- What will happen to home affordability if current housing trends continue? (bonddad.blogspot.com)
- Investors are buying more homes. (axios.com)
- Why did we stop building beautiful neighborhoods? (ft.com)
Earlier on Abnormal Returns
- Podcast links: market crossovers. (abnormalreturns.com)
- What you may have missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: a weirder world. (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)
