What We’re Reading – Week of 01/15/2021

Below you will find the articles on economics, investing, and finance that we found most interesting for the week.

NB: ($) denotes subscription site.


Howard Marks is out with a memo about how value investing and growth investing are two sides of the same coin.

Memo via Oaktree Capital


SPACs can generate good returns for hedge funds that buy them on the offering, but it comes at the expense of other investors.  Wall Street loves them because they generate fees.  Buyer beware.

Article via Wall Street Journal ($)


Is private equity outperformance a myth?

Blog Post via CFA Institute


Hertz tried to issue shares during bankruptcy, should that be allowed?

The University of Chicago Law Review


Lost passwords lock bitcoin millionaires out of their fortunes.

Article via New York Times ($)