Quote of the Day
"So, what’s the stock market worth? Unfortunately, it’s anybody’s guess over the short-term. Valuations don’t mean anything today, but they mean a whole lot in the future."
(Michael Batnick)
Rates
- By this measure, the term premium is now positive. (axios.com)
- Why bonds are once again a viable investment option. (morningstar.com)
- Why interest rates have been rising. (advisorperspectives.com)
Stock market
- The stock market is a complicated place. (theirrelevantinvestor.com)
- You are unlikely to predict what might bring the stock down in the future. (ofdollarsanddata.com)
Michael Lewis
- Some questions about Michael Lewis' relationship with SBF. (coindesk.com)
- A profile of Michael Lewis and his typical approach to his book subjects. (theguardian.com)
- Skip Michael Lewis' new book and instead read Zeke Faux's "Number Go Up." (latimes.com)
- "Going Infinite" is a miss for Michael Lewis. (nytimes.com)
Retail fixed income
- Apex Fintech Solutions is making fractional investments in corporate bonds and Treasuries available to individual investors. (bloomberg.com)
- T Rowe Price ($TROW) is launching a new private credit fund to individual investors. (bloomberg.com)
Venture capital
- Just how bad will the 'unicorn massacre' get? (ft.com)
- When is a startup no longer a startup? (news.crunchbase.com)
China
- How much graft is there in China’s vast bureaucracy? (ft.com)
- TikTok is a cash machine for ByteDance. (theinformation.com)
Earlier on Abnormal Returns
- Research links: people partnerships. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: a bull market in advice. (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)
