Quote of the Day
"Why do grown men and women go on the internet and treat people a way they would never ever treat someone in real life? Because there’s no accountability. There’s no interpersonal relationship. There’s no integrity."
(Cullen Roche)
Strategy
- Investment management fees compound. (novelinvestor.com)
- On the importance of a long time horizon in investing. (safalniveshak.com)
- Why there is a boom in grifting. (disciplinefunds.com)
Finance
- You may already have some Bitcoin treasury exposure. (morningstar.com)
- FanDuel ($FLUT) has teamed up with the CME ($CME) to offer prediction markets. (sportico.com)
Private assets
- What's the real default rate on private credit? (ft.com)
- Liz Hoffman talks PE with HarbourVest CEO John Toomey. (semafor.com)
Overtourism
- Many European tourist destinations are simply overrun. (msn.com)
- An increasing number of Europeans are fed up with tourists. (cnn.com)
- Some travelers are seeking out vacations in cooler climes. (cnbc.com)
- Now those even countries are seeing the downside of more tourists. (nytimes.com)
Global
- The U.S. is doing everything it can to repel foreign talent. (marginalrevolution.com)
- Not everybody is happy about the proposed bridge to Sicily. (ft.com)
- Putin has never kept his word. Why would he start now with Ukraine? (thebulwark.com)
Economy
- Weekly initial unemployment claims are slowly ticking higher. (calculatedriskblog.com)
- Hiring has slowed, but layoffs haven't meaningfully picked up. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Longform links: in search of meat. (abnormalreturns.com)
- On the importance of learning who to ignore in an increasingly degenerate economy. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: what not to do. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
