Quote of the Day
"The streaming service [Netflix] was a babysitter, a life support vessel, and a companion for many in lockdowns. Why it is now surprising that some people are opting out? Seems natural to me."
(Colin Nagy)
Chart of the Day
30-year mortgage rates are now well above 5.0%. (chart via Freddie Mac)
Strategy
- Why you shouldn't root for cash to be your best performing asset. (compoundadvisors.com)
- Asset allocation drives returns. Try not to mess too much with it. (novelinvestor.com)
- The search for alpha comes with a cost, namely time. (youngmoney.co)
Crypto
- What happens if the SEC doesn’t approve Grayscale’s application? (amycastor.com)
- A big profile of top crypto investor Chris Dixon of a16z. (fortune.com)
Streaming
- Bill Ackman sold his stake in Netflix ($NFLX) at a big loss. (variety.com)
- Netflix's woes may be problems for the whole industry. (nytimes.com)
- HBO Max is continuing to see subscriber growth. (variety.com)
- Why Netflix ($NFLX) hit the wall. (washingtonpost.com)
- CNN+ is closing down. (thestreamable.com)
Venture capital
- Amazon ($AMZN) has launched a $1 billion 'industrial innovation fund.' (geekwire.com)
- Chipotle ($CMG) is launching a VC arm. (news.crunchbase.com)
Technology
- The Internet is quickly becoming Tik-Tok-ized. (theinformation.com)
- Protocol wars are nothing new in computing. (tomtunguz.com)
Economy
- Initial jobless claims are at 50-year lows. (bonddad.blogspot.com)
- The Federal Reserve is planning to settle payments faster. (axios.com)
Earlier on Abnormal Returns
- Longform links: collectible constraints. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: winning the game. (abnormalreturns.com)
- Part one of my Q&A with Eric Balchunas author of "The Bogle Effect." (abnormalreturns.com)
- Part two of my Q&A with Eric Balchunas author of "The Bogle Effect." (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)
