Quote of the Day
"Good investing demands humility. You do not have to have an opinion on everything. We would all be much better off if we learned to say “I don’t know” a little more."
(Barry Ritholtz)
Crypto
- The SEC continues to push back against crypto companies. (bloomberg.com)
- Susquehanna Advisors Group and Citadel Securities have reported stakes in crypto-friendly bank Silvergate Capital ($SI). (theblock.co)
- Everyone is lining up to try to close the NAV discount for the Grayscale Bitcoin Trust ($GBTC). (wired.com)
Spotify
- Spotify ($SPOT) invested big in podcasting and is struggling to make it all work. (semafor.com)
- How Spotify's ($SPOT) podcasting push wrecked the user experience. (om.co)
- Audiobook narrators are wary that their voices may be used to train AI systems. (wired.com)
Succession
- A corporate board's biggest job is succession planning. (ft.com)
- What Rupert Murdoch can learn from the late Sumner Redstone's tenure at Paramount Global ($PARA). (variety.com)
Hedge funds
- Successfully investing in hedge funds requires getting four things right. (morningstar.com)
- The biggest hedge funds are splashing big pay packages for top traders. (nytimes.com)
Fund management
- Are fund manager meetings a waste of time? (behaviouralinvestment.com)
- The more a fund is investing in alternatives, the more it needs to manage cash requirements. (institutionalinvestor.com)
- The backlash to the ESG backlash is here. (semafor.com)
- Why Vanguard's active mutual funds perform better than average. (papers.ssrn.com)
- Converting a mutual fund to ETF does not guarantee success. (thinkadvisor.com)
Economy
- Consumer inflation is still decelerating. (bonddad.blogspot.com)
- Why you should keep an eye on CPI-ex shelter. (calculatedriskblog.com)
- Home prices are soon going to turn negative year-over-year. (calculatedrisk.substack.com)
- Derek Thompson and Conor Sen talk about the 'yo-yo economy.' (theringer.com)
Earlier on Abnormal Returns
- Research links: mean-variance thinking. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: client confidence. (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)
