Quote of the Day
"Buying lottery tickets might be fun, but they’re a lousy investment."
(Seth Godin)
Chart of the Day
More new apartments under construction today than any time in the past 50 years.
Markets
- Every major asset class is up YTD. (capitalspectator.com)
- The equity risk premium keeps shrinking. (wsj.com)
Strategy
- One year returns are all over the place. Thirty years, not so much. (awealthofcommonsense.com)
- Don't let news dictate your investing strategy. (dariusforoux.com)
- Successful investing is ultimately a creative act. (herbgreenberg.substack.com)
Finance
- CME Bitcoin futures volume is growing. (theblock.co)
- Do AML/KYC regulations actually accomplish anything? (marginalrevolution.com)
Companies
- Dutch company ASML ($ASML) may be the most important company you have never heard of. (thegeneralist.substack.com)
- Uber ($UBER) has a real shot at becoming the 'everything app.' (thereformedbroker.com)
- Trucking giant Yellow has ceased operations. (cbsnews.com)
- Walmart ($WMT) is upping its stake in Flipkart. (wsj.com)
Sports betting
- Fox ($FOX) is winding down Fox Bet. (wsj.com)
- Sports betting volume continues to head higher. (variety.com)
Fund management
- Blackrock ($BLK) is in a pitched battle for control of a bunch of closed-end funds with Saba Capital. (wsj.com)
- The world of buffered ETFs keeps growing. (citywire.com)
- The details on a CrowdStreet real estate funding deal gone wrong. (wsj.com)
Russia
- Rich Russians are flocking to Thailand's Phuket. (msn.com)
- Austria has struggled to wean itself off Russian gas. (nytimes.com)
Earlier on Abnormal Returns
- Adviser links: optimizing the wrong thing. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)