Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at the difference between optimism and blind optimism.
Quote of the Day
"A fascinating aspect of Berkshire is how often it made concentrated investments whose importance, despite performing well, quickly faded."
(Frederik Gieschen)
Business
- Why Mark Cuban teamed up with Alex Oshmyansky to try to disrupt the pharmaceutical industry. (dmagazine.com)
- Apartment property management companies are increasingly using YieldStar software to set rents. (propublica.org)
- How TikTok came to rule the Internet. (wapo.st)
- How the TMZ model works. (trungphan.substack.com)
Society
- Like it or not, West Virginia's future is in being able to move beyond coal. (on.ft.com)
- State-run lotteries were supposed to solve a problem. Now they are a problem. (newyorker.com)
- The US political divide breaks along education attainment. (nymag.com)
Sports
- What makes for a great general manager in sports? (kornferry.com)
- An inside look at Ryan Reynolds and Rob McElhenney’s 'great Wrexham gambit.' (gq.com)
Longreads
- Italy has a surplus of 'beautiful villages' that are fighting depopulation. (washingtonpost.com)
- It's hard to overstate the influence of British comedies on US television. (theringer.com)
- How nearly 4,000 beagles were rescued from Envigo. (washingtonpost.com)
- Reducing food waste is a win-win-win. (nytimes.com)
