Quote of the Day
"Books are the collective knowledge of the human race. Books are the ultimate time machine."
(Om Malik)
Media
- Comcast ($CMCSK) is spinning off its cable networks, including MSNBC and CNBC, into a standalone company. (variety.com)
- Apple ($AAPL) has spent a lot on TV content, with little to show for it. (arstechnica.com)
- Box office expectations are high for the holiday season's first big release: 'Gladiator II.' (axios.com)
Finance
- ETFs continue to take market share from mutual funds. (riaintel.com)
- Citadel Securities is expanding bond trading in Europe. (on.ft.com)
- BlackRock ($BLK) will not raise a follow-on fund under the Long Term Private Capital brand. (axios.com)
- Robinhood ($HOOD) stock is benefiting from crypto exposure. (theblock.co)
- Do prediction markets have legs? (axios.com)
Economy
- Labor market conditions have flipped, despite an absence of layoffs. (axios.com)
- Construction employment should top out soon. (bonddad.blogspot.com)
- Is the Fed still too tight? (capitalspectator.com)
Art
- Vincent Van Gogh's 'Blue Irises' were originally purple. (smithsonianmag.com)
- Sotheby's just auctioned René Magritte's “Empire of Lights” for $121.2 million. (wsj.com)
- What Renaissance paintings tell us about the evolution of fruit in Italy. (smithsonianmag.com)
Earlier on Abnormal Returns
- Personal finance links: mostly positive markets. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: interrupted compounding. (abnormalreturns.com)
- Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
Mixed media
- The best economics books of 2024 including "The Care Dilemma: Caring Enough in the Age of Sex Equality" by David Goodhart. (ft.com)
- You can pre-order Barry Ritholtz's new book "How Not to Invest: The ideas, numbers, and behaviors that destroy wealth - and how to avoid them." (ritholtz.com)
- We discount the value of books are our collective peril. (om.co)
- Why we read fiction. (commonreader.co.uk)







