Quote of the Day
"Many companies, particularly tech ones, are deliberately trading trust for short-term profits."
(Seth Godin)
Chart of the Day
This week, Nvidia ($NVDA) passed Alphabet ($GOOGL) to become the third most valuable U.S. company. (chart via YCharts)
Funds
- Why Bill Ackman's European-listed hedge fund trades at a big discount. (netinterest.co)
- Van Eck has settled charges that it failed to disclose it was paying Barstool Sports CEO Dave Portnoy to promote its VanEck Social Sentiment ETF. (fa-mag.com)
AI
- The OpenAI drama was not the peak in the AI frenzy. (theinformation.com)
- WhatSuper Micro Computer ($SMCI) investors are betting on. (ft.com)
VC
- Howard Lindzon, "The right product at the right time with the right sized cap table is still the best growth hack to success." (howardlindzon.com)
- VC firm Foundry Group is shutting down. (techcrunch.com)
- Age is not your friend in VC. (axios.com)
Realtors
- Realtors are struggling as house sales decline. (apolloacademy.com)
- The National Association of Realtors is under pressure from all sides. (wsj.com)
Navalny
- Alexei Navalny, a Russian opposition leader, killed in prison. (semafor.com)
- Navalny's wife, Yulia Navalnaya, spoke to the Munich Security Conference about Putin's culpability for her husband's death. (nytimes.com)
- Even behind bars, Navalny represented a threat to the Putin regime. (theatlantic.com)
- Stephen Clapham talks with Bill Browder author of "Freezing Order: A True Story of Money Laundering, Murder, and Surviving Vladimir Putin's Wrath." (Recorded earlier.) (behindthebalancesheet.com)
- The 'Navalny' documentary on Max is well worth a watch. (hollywoodreporter.com)
Earlier on Abnormal Returns
- Podcast links: the end of globalization. (abnormalreturns.com)
- At a certain age it's time to just say no to more stuff. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: being more creative. (abnormalreturns.com)
- There is no holy grail in investing. (abnormalreturns.com)
- It may take time, but markets eventually work. (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)