Quote of the Day
"As long as your core retirement portfolio is indexed, you can play around on the margins without much harm."
(Burton Malkiel)
Chart of the Day
The AXS Short Innovation Daily ETF ($SARK) has effectively trolled ARK advocates. (chart via @ycharts)
Markets
- China's stock market is moving based on Covid rumors. (qz.com)
- Lumber prices are back down to pre-pandemic levels. (calculatedriskblog.com)
Strategy
- Why "A Random Walk Down Wall Street" by Burton Malkiel is a great book for novice investors. (citywire.com)
- Sometimes as an investor you just get lucky: the case of Twitter. (morningstar.com)
Crypto
- Binance is buying FTX. (coindesk.com)
- Fidelity has opened a wait list for its new retail crypto platform. (thinkadvisor.com)
TikTok
- TikTok isn't immune from an ad slowdown. (ft.com)
- Music publishers want a cut of TikTok's ad revenue. (bloomberg.com)
Companies
- Apple ($AAPL) is feeling the pinch on iPhone production in China. (nytimes.com)
- A closer look at Berkshire Hathaway's ($BRK.A) operating earnings. (rationalwalk.com)
Venture capital
- Tomasz Tunguz, "8% annual inflation for a startup means losing a month of runway every year." (tomtunguz.com)
- Why early-stage startup valuations are holding up better than later stages. (institutionalinvestor.com)
- How Y Combinator is dealing with a new environment. (techcrunch.com)
Pickleball
- Why pickleball won't become a mainstream TV success. (theconversation.com)
- Anheuser-Busch is buying a pro pickleball team. (frontofficesports.com)
- Big money is going to kill pickleball. (msn.com)
Earlier on Abnormal Returns
- Research links: return on capital. (abnormalreturns.com)
- Can a business go from 'extreme reliability' to 'unreasonable hospitality'? (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: a winning model. (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)
