Quote of the Day
"If Wall Street did not exist, the world unquestionably would be poorer, because capital would be both riskier to hold and less likely to reach those who could use it most adeptly."
(John Rekenthaler)
Markets
- Market conditions are always uncertain, but man are things cloudy right now. (theirrelevantinvestor.com)
- Corporate bond defaults are set to rise. (axios.com)
Companies
- Great companies create their own reality. (ofdollarsanddata.com)
- Why Meta ($META) is likely to miss on the metaverse. (fortune.com)
- TikTok's outsized success is a warning. (calnewport.com)
Amazon
- Why Amazon ($AMZN) has big health care ambitions. (thereformedbroker.com)
- The Amazon ($AMZN) shopping experience is degrading before our eyes. (ritholtz.com)
Finance
- Private equity secondaries are booming as rebalancing occurs. (institutionalinvestor.com)
- Why Goldman Sachs ($GS) is going after two quants who recently quit. (bloomberg.com)
- David Einhorn is betting that the Delaware Chancery Court will side in favor of Twitter ($TWTR). (barrons.com)
- TD Bank is buying investment bank Cowen ($COWN). (bnnbloomberg.ca)
- Lost trust is hard to reacquire. (rationalwalk.com)
Economy
- Voluntary job quits are slowing. (bonddad.blogspot.com)
- Why haven't there been more layoffs by now? (tker.co)
Earlier on Abnormal Returns
- Research links: overconfident algorithms. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: valuing your time. (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)
