Quote of the Day
"You don’t try to predict the future because predicting the future is impossible but you do prepare yourself for a wide range of outcomes."
(Ben Carlson)
Chart of the Day
China is actually outperforming the U.S. stock market YTD. (chart via @charliebilello)
Markets
Strategy
- Big round numbers don't matter unless you hold on. (theirrelevantinvestor.com)
- There are two approaches to investing. (mrzepczynski.blogspot.com)
- It's easy to forget the pain of volatility. (wggtb.substack.com)
Venture capital
- Figma shareholders are getting an opportunity to sell stock, post-Adobe deal. (theinformation.com)
- VCs aren't your friends. (openvc.app)
Economy
- Q2 2024 GDP is tracking in the mid-2%s. (calculatedriskblog.com)
- Why payroll growth should decelerate. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Podcast links: reviewing products. (abnormalreturns.com)
- What you missed in our Thursday linkest. (abnormalreturns.com)
- Longform links: inherent instability. (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)