Quote of the Day
"Replenishing America’s inventory of fun won’t be easy at a time when digital tools are absorbing ever more attention and economic resources. It will take creativity and capital to generate real excitement in real spaces where real people interact."
(Ben Steverman)
Markets
Finance
- Why dividend investing is dead. (flyoverstocks.com)
- Robinhood ($HOOD) defined Brokerage 1.0. 'Brokerage 2.0' is already here. (howardlindzon.com)
- Institutional investors are picking up the slack in private credit. (ft.com)
Crypto
- Strategy's ($MSTR) strategy is looking shaky. (wsj.com)
- Strategy ($MSTR) just sold more Bitcoin. (theblock.co)
AI
- DRAM production is highly concentrated among a few players. (ft.com)
- Memory producers are sucking the oxygen out of the room. (axios.com)
- American AI companies are wary of Chinese companies using model distillation to catch up. (nytimes.com)
- An investment in SoftBank increasingly a bet on AI and Masayoshi Son. (ft.com)
Ukraine
- Ukraine is running low on missile interceptors. (nytimes.com)
- Venture capital has yet to embrace Ukraine's defense industry. (pitchbook.com)
Earlier on Abnormal Returns
- Adviser links: other wealthy people. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on Abnormal Returns. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
- Are you a financial advisor? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)