Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From the death of golf to hidden PE fees, here are four charts that tell you what you need to know in business today. 

Feast to Famine
Golf courses are closing right and left after a spate of overbuilding early in the century, and it's just one sign of a sport in decline.
Source: Pellucid Corp.
Climbing The Ranks
"House Hunters" and "Naked and Afraid" under the same roof? Irresistible.
Source: RBC Capital Markets, SNL Kagan
(Very) Soft Commodities
Low crop prices are pushing even more grain industry consolidation, and OPEC should watch closely.
Source: Bloomberg
Even Better
Listed private equity firms have beaten the S&P 500 since March 2009, but that doesn't mean they can get away with opaque fees forever.
Source: Bloomberg
Note: Indexed to 100.

And don't miss Mark Gilbert on the possible end of easy money in Europe: "Economists are forecasting [an inflation] rate no higher than 1.6 percent in the coming quarters. Stirring beneath the surface, though, there's evidence that price pressures are starting to rise."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

To contact the author of this story:
Max Nisen in New York at

To contact the editor responsible for this story:
Mark Gongloff at