Quote of the Day
“Ninety percent of the uncertainty we face in valuation is economic uncertainty. No amount of homework or data is going to allow it to go away.”
(Aswath Damodaran)
Strategy
- How not to panic. (ofdollarsanddata.com)
- This is the problem with market timing. (fortunesandfrictions.com)
Finance
- How the drop in retail trading is putting pressure on fintechs. (protocol.com)
- FTX is reportedly looking to buy a stock trading startup. (blockworks.co)
Startups
- A profile of Mexican full-stack car marketplace, Kavak. (readthegeneralist.com)
- What happens when a startup copies another startup's business model? (techcrunch.com)
ESG
- How things are playing out at ExxonMobil ($XOM) post-proxy fight with Engine No. 1. (ft.com)
- If a fund manager says they do ESG research, then they actually have to do it. (morningstar.com)
Work
- Sabbaticals help move work away from the center of your life. (theatlantic.com)
- A great story of a successful career change. (efinancialcareers.co.uk)
- How we got work all wrong. (lauriesantos.bulletin.com)
Economy
- New home sales dropped sharply in April. (calculatedrisk.substack.com)
- For all of its flaws, CPI does a pretty good job measuring inflation. (ritholtz.com)
- What a soft landing for the labor economy would look like. (wapo.st)
- The U.S. birth rate rose in 2021 for the first time since 2014. (cnn.com)
Earlier on Abnormal Returns
- Research links: a heavy sector bias. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: active personalization. (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)