Quote of the Day
"If sowing chaos were a winning economic move, banana republics everywhere would be wealthy."
(NDD)
Markets
- Chamath is back in the SPAC game. (pitchbook.com)
- Pump-and-dump schemes just keep happening. (ft.com)
Degeneracy
- Degeneracy is only going in one direction. (oldcoinbad.com)
- In association with Kalshi, Robinhood ($HOOD) is launching football prediction markets. (theblock.co)
Strategy
- Five lessons learned from Chris Davis of Davis Funds including 'Value investing is a redundancy.' (kingswell.io)
- When black box models fail, it's hard to know where they went wrong. (economist.com)
- It's not worth looking for value in the flood of online content. (priceactionlab.com)
Companies
- Softbank is going to invest $2 billion into Intel ($INTC). (semafor.com)
- Databricks is reportedly raising a new round of capital at a $100 billion valuation. (wsj.com)
Private assets
- There's nothing easy about being an angel investor. (on.ft.com)
- A great example why private investments are not risk-free. (cnbc.com)
ETFs
- How the YieldMax Ultra Option Income Strategy ETF ($ULTY) operates. (morningstar.com)
- Baron Capital is planning to launch five actively managed equity ETFs. (bloomberg.com)
Economy
- Why hasn't weak housing construction tipped the economy into recession? (bonddad.blogspot.com)
- Why is the yield curve steepening? (apolloacademy.com)
- On the hidden costs of trade protections. (larryswedroe.substack.com)
- Coffee is getting more expensive. (econbrowser.com)
Earlier on Abnormal Returns
- Research links: valuation disparities. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: asking better questions. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
