Quote of the Day
"The bad news for Chinese-stock enthusiasts is that the marketplace has dogpaddled over the past three decades. Early adopters would have been better off investing almost anywhere else."
(John Rekenthaler)
Bonds
- The bond market reset is painful, but necessary. (washingtonpost.com)
- Mom and Pop are disappearing from the market for individual muni bonds. (fa-mag.com)
Markets
- If Bitcoin trades along with stocks, what is it good for? (institutionalinvestor.com)
- The IPO market is on pause. What comes next? (wsj.com)
Apple
- Apple ($AAPL) is planning to provide phones as a subscription service. (finance.yahoo.com)
- Why Apple ($AAPL) should get back into the wifi router business. (bloomberg.com)
- Why you will soon be storing your driver's license on your iPhone. (washingtonpost.com)
Venture
- VCs are passing on taking board seats for crypto companies. (ft.com)
- Sequoia Capital is raising a big, new China-focused fund. (news.crunchbase.com)
- Instacart has slashed its valuation. (nytimes.com)
- The returns to a unicorn by stage. (angellist.com)
Fund management
- Lux Capital is launching a series of sector ETFs. (medium.com)
- Traditional asset managers continue to buy up alts managers. (ft.com)
Economy
- You have to go back to the 1970's to experience stagflation. (awealthofcommonsense.com)
- The Great Resignation isn’t really about quitting jobs; it’s about switching jobs. (theatlantic.com)
Earlier on Abnormal Returns
- Podcast links: a rough start. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: a business 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)
