Quote of the Day
"We’re not out of the woods yet in terms of inflation. It’s nice to see, but it’s only one month. And the truth is, we’re never out of the woods."
(Michael Batnick)
Strategy
- Now is the time to clear out all your bad trades before the new bull market gears up. (neckar.substack.com)
- The best asset allocation is one you can stick with. (awealthofcommonsense.com)
FTX
- FTX has filed for bankruptcy. (nytimes.com)
- FTX, SBF and affiliates made all manner of investments. (fortune.com)
- What VCs lost with the FTX implosion. (theinformation.com)
- What red flags did FTX investors miss? (semafor.com)
- Is Coinbase ($COIN) a winner in all this? (theblock.co)
Companies
- Tech companies are still paying up to hire engineering talent. (theinformation.com)
- Meta ($META) blew up all on its own, without the help of regulators. (reason.com)
- Businesses need to try new stuff, and fail, to ultimately succeed. (novelinvestor.com)
Media
- Why Netflix ($NFLX) will continue to push into live sports. (variety.com)
- Free streaming channels could be the future of television news. (latimes.com)
- The pioneering Slingbox is no more. (thestreamable.com)
Housing
- Megan McArdle, "Home buyers aren’t yet ready to recognize the extent of that loss, so they won’t sell their homes unless they really, really have to." (washingtonpost.com)
- Office-to-apartment conversions are on the rise. (axios.com)
- First-time home buyers are losing hope. (nytimes.com)
- How much will home prices decline? (calculatedrisk.substack.com)
Earlier on Abnormal Returns
- Podcast links: finding your audience. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: inevitable tragedies. (abnormalreturns.com)
- Can a business go from 'extreme reliability' to 'unreasonable hospitality'? (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)
