Quote of the Day
"When managing a portfolio, sizing is all about survival or gauging your ‘portfolio pain threshold’ – for how long and by how much could you bear a decision appearing wrong, even if it is ultimately right?"
(Joe Wiggins)
Chart of the Day
Lower yields are not affecting money market fund assets which just topped $8 trillion.
Crypto
- Vanguard will now allow crypto ETFs on its platform. (financial-planning.com)
- What business is Strategy ($MSTR) actually in? (ft.com)
- What Jim Chanos has to say about Strategy's ($MSTR) strategy. (sherwood.news)
Prediction markets
- Kalshi raised another $1 billion at a $11 billion valuation. (wsj.com)
- Prediction market CEOs say they are changing the world. (frontofficesports.com)
Finance
- How Hudson River Trading is evolving (and growing) its business model. (bloomberg.com)
- Fixed-maturity funds are popular overseas. (fa-mag.com)
Companies
- Costco ($COST) is joining a suit to recover tariffs paid. (wsj.com)
- How Intel ($INTC) could manufacture Apple ($AAPL) chips. (spyglass.org)
- Amazon ($AMZN) is getting into ultrafast grocery deliveries. (sherwood.news)
Global
- Canada has little choice but to look for alternatives to the U.S. (time.com)
- Why the EU has failed to create a true, single market. (ft.com)
Earlier on Abnormal Returns
- Research links: owning our opinions. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: instantaneous settlement. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
