Quote of the Day
"I think the thing that gets a lot of people stuck in their investing life is a sense that the problem is just too hard to tackle"
(Tyler)
Strategy
- Hiding out in cash is not a viable retirement strategy. (awealthofcommonsense.com)
- A diversified portfolio is always going to hold some laggards. (thefinancialbodyguard.com)
Crypto
- Crypto companies are pulling back on hiring. (wsj.com)
- On the personal impact of Coinbase ($COIN) rescinding job offers. (wired.com)
Startups
- Startups that need to raise capital are going to have to make some difficult decisions. (techcrunch.com)
- What to do when a down round is necessary. (feld.com)
Fund management
- John Rekenthaler, "The implication that target-date funds have failed where others have succeeded is a myth." (morningstar.com)
- ARK Invest is raising capital for a crossover fund. (axios.com)
Global
- Canada's unemployment rate is at its lowest level since 1976. (bnnbloomberg.ca)
- How can investors trust China again? (bloomberg.com)
- How Starlink has played a key role in the war in Ukraine. (politico.com)
Economy
- A hot May CPI number shows the Fed will keep acting. (bonddad.blogspot.com)
- It's going to take demand destruction to bring down inflation. (theirrelevantinvestor.com)
- Fears of recession are based on the idea that the Fed will kill the economy. (econbrowser.com)
- Homeowners are not extracting all that much home equity. (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Podcast links: the history of sportswashing. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: the history of the mall. (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)
