🎙️ Bitcoin's Gravitational Pull

On this day in 1959, a pillar of American pop culture was born: Barbie.

By 2006, its maker, the toy company Mattel, claimed to have sold over a billion Barbie dolls, equating to roughly three dolls every second.

That’s a lot of Barbie, and last summer’s hit Barbie movie, which grossed almost $1.5 billion at the box office, certainly reinvigorated demand.

Despite Barbie’s success, Mattel’s stock has been a laggard, rising about 9% over the last year versus roughly 27% for the S&P 500. And going back four decades, Mattel is up just 686% versus the S&P 500’s more than 3,200% return.

💭 More fun insights below in 2 minutes to read.

— Matthew and Shawn

Quote of the Day

“A bull market is when you check the prices of your stocks every day to see how much money you’ve made. A bear market is when you don’t bother to look anymore.”

— John Hammerslough