Quote of the Day
"If forgetfulness is a common barrier to escaping the free-trial trap, a much more sinister one is the fact that some companies make canceling really hard."
(Lora Kelley)
Markets
- When does 'talking your book' tip over into market manipulation? (wsj.com)
- Why you shouldn't be worried about index funds just yet. (thefinancialbodyguard.com)
Crypto
- Robinhood ($HOOD) is buying BitStamp. (theblock.co)
- Franklin Templeton ($BEN) is exploring funds with altcoins. (coindesk.com)
- Former FTX customers just got a big break. (sherwood.news)
Alternatives
- There are very good reasons why hedge fund managers are not publicly traded. (bloomberg.com)
- PE managers love fee income, performance fees not so much. (klementoninvesting.substack.com)
Real estate
- How KKR ($KKR) is supporting the value of one of its non-traded REITs. (investmentnews.com)
- The commercial real estate reckoning is going to take awhile. (nytimes.com)
Sports
- The NBA has played their media rights game to perfection. (spyglass.org)
- Sports leagues, including MLB, have struck a 'Faustian bargain' with gambling operations. (om.co)
- Why a $100,000,000 a year NBA player contract is not that far off. (wsj.com)
Economy
- Weekly initial unemployment claims seem to have bottomed. (bonddad.blogspot.com)
- Partisans don't let economic statistics stand in their way. (ritholtz.com)
Earlier on Abnormal Returns
- Longform links: the AI age. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: absolute value. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
Mixed media
- Peter King's 2024 Father's Day book list including "Dogland: Passion, glory, and lots of slobber at the Westminster Dog Show" by Tommy Tomlinson. (nbcsports.com)
- Costco ($COST) is going to stop selling books year-round. (nytimes.com)
- Behavioral Scientist's summer book list for 2024 including "Co-Intelligence: Living and Working with AI" by Ethan Mollick. (behavioralscientist.org)
