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Quote of the Day
"Investing involves risk. And risk never completely goes away no matter how hedged you think you are. Every investment decision you make is simply a trade-off from one risk to another."
(Ben Carlson)
Startups
- Why would a16z invest so much, so soon, in Adam Neumann's new thing? (newcomer.co)
- News is trickling out that more startup founder sold shares in 2021 when employees couldn't. (theinformation.com)
SPACs
- SPAC issuance has ground to a halt. (wsj.com)
- Chamath Palihapitiya's SPAC empire is in retreat. (finance.yahoo.com)
Airbnb
- Airbnb ($ABNB) and Vrbo are upending neighborhoods in areas that aren't vacation spots. (indystar.com)
- Airbnb ($ABNB) is using technology to prevent house parties. (fastcompany.com)
Fund management
- How Vanguard became one of the world's biggest money managers. (ritholtz.com)
- Why Morgan Stanley ($MS) is now getting into the ETF business. (thinkadvisor.com)
Economy
- Inventory is rising in hot housing markets like Austin and Las Vegas. (fortune.com)
- Mortgage refinancing activity is at a two-decade low. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: consolation prizes. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: keeping risk in check. (abnormalreturns.com)
- Single-bond ETFs are here. (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)
