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Quote of the Day
"So why would someone want to invest in a private equity fund? Maybe they want more risk and illiquidity, and are willing to pay a fee for it."
(Allison Schrager)
Rates
- Higher for longer, is the consensus. (wsj.com)
- Not surprisingly, 30-year mortgage rates are at 23-year highs. (mortgagenewsdaily.com)
- Who is buying Treasuries at these yields? (ft.com)
- Bond investors are being given an opportunity to lock in 2% real yields. (capitalspectator.com)
Dumb Money
- There are no heroes in 'Dumb Money.' (morningstar.com)
- The so-called bad guys in 'Dumb Money' are stronger than ever. (institutionalinvestor.com)
- Does 'Dumb Money' get the finance right? (ft.com)
- Cardi B’s 2020 hit “WAP” plays a big role in 'Dumb Money.' (variety.com)
Streaming
- The battle over live sports will define the streaming wars. (wired.com)
- Is Apple's ($AAPL) MLS deal the future of sports broadcasting? (gq.com)
- Max is adding a soon to be paid, live sports tier. (theverge.com)
Venture capital
- Another big VC firm, GV Capital, is separating its China business. (theinformation.com)
- Best practices for winding down a startup. (hunterwalk.com)
Ukraine
- Ukraine is relying heavily on small, cheap drones against Russia. (nytimes.com)
- Ukraine has mastered the art of building decoy weapons. (ft.com)
Economy
- The Fed doesn't know more than anyone else where the economy is going. (ritholtz.com)
- The housing market is hopelessly bifurcated. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Podcast links: the crypto crash. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: embracing mediocrity. (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)







