Quote of the Day
"Nobody really needs these shiny trading objects. You want more juice in your life? Take up gambling. At least the returns will be more predictable."
(Dave Nadig)
Microstrategy
- Who is buying all those Microstrategy ($MSTR) convertible bonds? (on.ft.com)
- Why leveraged Microstrategy ($MSTR) ETFs are struggling to keep up. (davenadig.substack.com)
Crypto
- Spot Bitcoin ETFs hold more Bitcoin than Satoshi. (sherwood.news)
- Crypto really is good for money laundering. (ft.com)
- The case for crypto being a notable, real transformation. (edgyoptimist.substack.com)
AI
- Companies aren't talking about ChatGPT much any more. (sherwood.news)
- AI is set to improve weather forecasting. (phys.org)
- Women are less likely to use AI. (bloomberg.com)
Restaurants
- Why QSRs are focusing on chicken: price. (msn.com)
- More restaurants are offering sparkling water for free. (eater.com)
- How does 'Raninforest Cafe' still hang on? (slate.com)
Economy
- Total nonfarm payroll employment rose by 227,000 in November. (calculatedriskblog.com)
- The labor economy is decelerating. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Podcast links: walking in nature. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: Silicon Valley innovation. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
Mixed media
- 52 things learned in 2024 including 'In 2024, around 10% of Anguilla’s GDP will come from fees for its .ai domain name.' (medium.com)
- 90 facts from 2024 including 'Immigrants have started more than half (44 of 87) of America's startup companies valued at $1 billion dollars or more.' (theideafarm.com)
