Quote of the Day
"A good process should have solid roots but flexible branches."
(Todd Wenning)
Crypto
- Travis Kling, "The evidence for the rise of Financial Nihilism is all around us." (epsilontheory.com)
- How much is Bitcoin worth? Nobody really knows. (wired.com)
- The spot Bitcoin ETF fee war is here. (etf.com)
Finance
- Why Evercore ($EVR) is outperforming other investment banks. (on.ft.com)
- There is still a lot of uncertainty around office building valuations. (axios.com)
- The long and winding road to a Reddit IPO. (nytimes.com)
Fund management
- Venture capital is seeing a changing of the guard as experienced VCs pull the ripcord. (nytimes.com)
- Private equity shops are turning into one-stop alternative asset providers. (semafor.com)
- 18% of DFA's AUM is now in ETFs. (riabiz.com)
AI
- What flavor of AI should your company buy? (wsj.com)
- How AI is making industrial robots smarter. (nytimes.com)
- Online platforms are increasingly at-risk at being flooded by generative AI. (theatlantic.com)
Retail
- Privately-owned Publix is putting other grocery chains to shame. (barrons.com)
- Dollar Tree ($DLTR) is planning to close some 1,000 locations. (cnn.com)
- Ashley Furniture is a 'quiet juggernaut.' (axios.com)
Economy
- "Real aggregate non-supervisory payrolls made a new all-time high in February." (bonddad.blogspot.com)
- Consumer inflation is still in a downtrend. (disciplinefunds.com)
Earlier on Abnormal Return
- Personal finance links: a shared home. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: the smallest argument. (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)