Quote of the Day
"If there is one cardinal sin that most VCs commit, its in being transactional and insincere. Listening is the antidote to insincerity."
(Kyle Harrison)
Chart of the Day
The U.S. dollar is having its worst first half of the year since 1973. (chart via YCharts)
Markets
- Has equity market sentiment gotten too frothy? (sherwood.news)
- It doesn't mean corrections can't happen, but It's hard to find fault with this market rally. (joefahmy.com)
Crypto
- Robinhood ($HOOD) is launching tokenized US equities in Europe. (theblock.co)
- The UK companies that are jumping on the Bitcoin treasury bandwagon. (ft.com)
Private credit
- Not everyone is happy about the growth in private credit. The case of Sixth Street, (wsj.com)
- Equity-centric hedge funds want in on the private credit boom. (ft.com)
- Why would a company like Meta ($META) need outside funding to build data centers? (paulkedrosky.com)
Venture capital
- Auren Hoffman, "Venture capital firms never take their own advice." (auren.substack.com)
- 'Ultra-unicorns' are increasingly a thing. (news.crunchbase.com)
- How to be useful as a VC. (investing101.substack.com)
Global
- Global fertility is falling faster than expected. (theatlantic.com)
- The U-shaped happiness curve has disappeared in Europe. (nber.org)
Economy
- Keep an eye on real spending on goods. (bonddad.blogspot.com)
- Americans are staying jobless, longer. (sherwood.news)
- Why its harder today for teenagers to get a summer job. (nytimes.com)
Earlier on Abnormal Returns
- Adviser links: assessing alternative demand. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- The top 10 clicks last week on Abnormal Returns. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
