Trapped by the Wrong Inflation Stories
Plus! Amazon's Triumph of Investor Relations; The Scaling Problems Aren't Obvious; Money- and Time-Weighting; Coinbase Comp
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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…