Quote of the Day
"Randomness is the fabric that weaves the interaction of everything around us. Since you can’t remove randomness from our affairs, you can’t get rid of the risk also."
(Vishal Khandelwal)
Contrarianism
- A new contrary indicator courtesy of FTX. (allstarcharts.com)
- The inverse Cramer ETF may soon be a thing. (fortune.com)
Strategy
- Is timing the bond market any easier than timing the stock market? (awealthofcommonsense.com)
- Why you can safely ignore market forecasters. (novelinvestor.com)
Elon
- Eight (stupid) ways the Twitter ($TWTR) deal could still fall apart. (ft.com)
- Does anyone really want a super-app from Elon Musk? (yahoo.com)
Bulletin
- Apparently running a newsletter business is harder than it looks. (hollywoodreporter.com)
- Why creators fall for the pitch from bigger platforms. (om.co)
Venture capital
- The global VC pullback continues apace. (news.crunchbase.com)
- VC slump be damned, Tiger Global is coming back to raise a new fund. (axios.com)
Economy
- Weekly initial unemployment claims are on the rise. (bonddad.blogspot.com)
- Home sellers are feeling the pain of the turn in the market. (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Longform links: ghostly hollowness. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: failing retirement. (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)
