Quote of the Day
"These cycles can go on for so long that the strength of the story combined with the power of incentives makes them almost irresistible. We become unflinching converts to every new paradigm at its peak."
(Joe Wiggins)
Strategy
- Every investment strategy has multiple 'points of failure.' (blog.validea.com)
- There's only one way to make money on gloom-and-doom forecasts. (klementoninvesting.substack.com)
- Why are market cap weighted indices hard to beat for managers? (behaviouralinvestment.com)
Crypto
- Why PayPal ($PYPL) is planning to offer a stablecoin. (vox.com)
- David Rubenstein on his Bitcoin regrets. (theblock.co)
Disney
- Disney's ($DIS) ESPN is entering the sports gambling space in a deal with Penn Entertainment ($PENN). (vox.com)
- Apple ($AAPL) is the logical buyer if Bob Iger wants to sell Disney ($DIS). (hollywoodreporter.com)
- Disney ($DIS) is ramping up its AI efforts. (reuters.com)
WeWork
- WeWork ($WE) has issued a 'going concern' notice. (ft.com)
- How the pandemic helped kill the WeWork ($WE) model. (paulrlamonica.substack.com)
EVs
- Tesla ($TSLA) has lost its longtime CFO. (bloomberg.com)
- In China, new EVs are now cheaper to buy than ICEs. (washingtonpost.com)
- The earlier adopter era for EVs is over. (axios.com)
Venture capital
- Why more markdowns are coming to venture capital portfolio valuations. (hunterwalk.com)
- Do VC platform teams add value? (news.crunchbase.com)
China
- China's economy is now experiencing deflation. (semafor.com)
- America's decoupling from China is only making other countries more dependent on Chinese exports. (economist.com)
Economy
- A re-accelerating economy risks higher base inflation. (bloomberg.com)
- Credit card debt levels are growing in line with the economy. (awealthofcommonsense.com)
- Base effects matter when analyzing economic data. (ritholtz.com)
- Where shelter inflation is headed. (frbsf.org)
Earlier on Abnormal Returns
- Personal finance links: bad financial habits. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: learning in a bear market. (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)
