Quote of the Day
"Choosing is a form of selection, of amplification and of curation. Not official government censorship, but something more nuanced than that, the responsibility that comes from choice."
(Seth Godin)
Chart of the Day
How the biotech bear market is affecting fundraising. (chart via @ycharts)
Markets
- Stocks related to the 'SPAC King' are having a hard time. (bnnbloomberg.ca)
- The coal market turnaround is stunning. (ft.com)
Crypto
- The barriers to creating new crypto projects are pretty low. (wsj.com)
- Ben and Michael talk crypto hedge funds with Leigh Drogen of Starkiller Capital. (theirrelevantinvestor.com)
Companies
- Amazon ($AMZN) has built a huge ad business at the expense of the user experience. (trungphan.substack.com)
- Facebook's ($FB) ad business is struggling with new privacy restrictions. (wsj.com)
- Apple ($AAPL) is on track for continued revenue growth. (profgalloway.com)
Finance
Venture capital
- It's just a matter of time until the drop in growth stocks spills over to private companies. (theirrelevantinvestor.com)
- Why this pullback is healthy for companies focused on sustainable business models. (avc.com)
- There is a 'vibe shift' in venture capital. (theinformation.com)
Policy
- Conspiracy theories aside, U.S. economic data is pretty useful. (pragcap.com)
- The pandemic has accelerated the departure of Baby Boomers from the workforce. (washingtonpost.com)
- Why has the U.S. birth rate declined since 2008? (econofact.org)
- Why the details matter when it comes to banning stock trading by Congress. (washingtonpost.com)
- Alaska has adopted ranked-choice voting. (nytimes.com)
Economy
- Four reasons why inflation is so high now including 'The pandemic is screwing up supply chains.' (awealthofcommonsense.com)
- Despite higher prices, Americans are not slowing their spending. (compoundadvisors.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: a modifiable health risk. (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)
