Quote of the Day
"Writing for people who don’t care or are in a place in their lives right now where they don’t have the time to pay attention is not worthwhile. Writing for people who get it and want to take the journey - that’s the best feeling on earth for me. So it’s addition through subtraction."
(Joshua Brown)
Chart of the Day
When the stock market is down big, bonds usually go up. Just not in 2022.
Crypto
- Vanguard's decision to ban the purchase of Bitcoin ETFs should not be all that surprising. (riabiz.com)
- How Bitcoin ETFs are akin to gold ETFs a couple decades ago. (peterlazaroff.com)
- Is the spot Bitcoin ETF the beginning of something? (caia.org)
Drizly
- Uber ($UBER) is shutting down Drizly. (techcrunch.com)
- The demise of Drizly is not the end of booze delivery. (eater.com)
Streaming
- Amazon ($AMZN) is buying a minority stake in bankrupt Diamond Sports. (variety.com)
- How Netflix ($NFLX) gets you to click play on a show. (nytimes.com)
Finance
- Institutional investors are gearing up to buy secondary stakes in startups. (ft.com)
- With investment firms, Harvard Management Company is distinguishing itself from Harvard itself. (wsj.com)
Economy
- Industrial production is plodding along. (bonddad.blogspot.com)
- In December, Americans kept spending. (calculatedriskblog.com)
- National homebuilder confidence jumped in January. (calculatedriskblog.com)
- Higher health insurance premiums are eating into worker income. (axios.com)
- Why betting on 150bp of rate cuts doesn't necessarily make sense. (ft.com)
- The new business boom in the U.S. is real. (apricitas.io)
Earlier on Abnormal Returns
- Personal finance links: ebbs and flows. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: a handy framework. (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)
