Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at how Nike has remained relevant for fifty years.
Quote of the Day
"Budget culture is the damaging set of beliefs around money that — like so-called diet culture does for food and bodies — rewards restriction and deprivation, and promotes an unhealthy and fantastical ideal of financial success."
(Dana Miranda)
Books
- An excerpt from Dan McCrum’s "Money Men: A Hot Startup, A Billion Dollar Fraud, A Fight for the Truth." (ft.com)
- An excerpt from "Cabin Fever: The Harrowing Journey of a Cruise Ship at the Dawn of the Pandemic". by Michael Smith and Jonathan Franklin. (bloomberg.com)
Finance
- Private equity firms are increasingly swapping companies amongst themselves. (on.ft.com)
- How Susquehanna founder Jeff Yass goes out of his way to avoid paying taxes. (propublica.org)
- Where does wealth go after asset prices fall? (noahpinion.substack.com)
Entertainment
- AMC ($AMC) CEO Adam Aron is pulling out all the stops to transform the company. (latimes.com)
- Everything is on the table when it comes to Netflix's ($NFLX) content strategy. (theinformation.com)
- How Pixar went from an idea to a commercial juggernaut. (theringer.com)
Longreads
- Charlie Warzel, "But some of what feels dead or dying about Google might be our own nostalgia for a smaller, less mature internet." (msn.com)
- Another example how global supply chains can hide a lot of bad stuff. (theintercept.com)
- How scientific fraud can perpetuate itself for so long. (reuters.com)
- How trauma can leave biological traces in future generations. (scientificamerican.com)
- Preventing drownings from rip currents is a human problem. (hakaimagazine.com)
- Stephen Curry shows that how you win is as important as what you win. (nplusonemag.com)
- How OXO conquered the American kitchen. (slate.com)
- David Perell's take on living in Austin. (perell.com)
