Quote of the Day
"One day, we may visit websites that have fewer ads or none at all. The revenue model of the Internet will have changed. Publishers’ sell the data directly to the search companies."
(Tomasz Tunguz)
Markets
- Some of the most speculative sectors are perking up. (allstarcharts.com)
- Bitcoin hit its highest level since November 2021. (blockworks.co)
Strategy
- Rubin Miller, "Investing on hopes and hunches — making emotional decisions — is why so few portfolios earn the actual market return." (fortunesandfrictions.com)
- The rise of passive investing hasn't broken the markets. (behaviouralinvestment.com)
- Why the 60/40 portfolio isn't going anywhere. (disciplinefunds.com)
- What happens if you invest at a stock market top? (awealthofcommonsense.com)
Private credit
- Private credit fundraising is slowing. (on.ft.com)
- Private credit valuations are all over the board. (bloomberg.com)
Startups
- Stripe employees just sold shares at a $65 billion valuation. (wsj.com)
- Oishii just raised a big new round of capital. (asia.nikkei.com)
- Has TikTok's influence already peaked? (slate.com)
- How did Vice Media go bust? (hollywoodreporter.com)
Apple
- Just how expensive is Apple ($AAPL) stock? (ft.com)
- Why Apple ($AAPL) is ditching its iCar efforts. (wired.com)
- What other form factors could Apple ($AAPL) pursue? (spyglass.org)
- Apple ($AAPL) is selling the Vision Pro all wrong. (macworld.com)
Weight loss drugs
- Data on a new Viking Therapeutics ($VKTX) weight loss drug are promising. (biopharmadive.com)
- Americans are generally in favor of the new class of weight loss drugs. (pewresearch.org)
- There's no easy way to quit Ozempic, and like drugs. (wsj.com)
Economy
- What is the freight industry tell us about the economy? (bonddad.blogspot.com)
- 2024 Q1 GDP nowcasts are trending around 2% (capitalspectator.com)
- How increased immigration is boosting the economy. (axios.com)
Earlier on Abnormal Returns
- Personal finance links: a healthy relationship with money. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: information and noise. (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)