In this issue:

• Trapped by the Wrong Inflation Stories

• Amazon's Triumph of Investor Relations

• The Scaling Problems Aren't Obvious

• Money- and Time-Weighting

• Coinbase Comp

Trapped by the Wrong Inflation Stories

Yesterday's CPI number was a surprise, albeit in the same way that tossing a coin and getting heads four times in a row is a surprise: improbable, but not…