Quote of the Day
"Truly being a long-term investor is difficult because the long-term feels like an eternity in the moment."
(Robert Seawright)
TikTok
- The TikTok ban was upheld by the Supreme Court. (npr.org)
- Everything is TikTok these days. (theatlantic.com)
Fines
- Block ($SQ) just paid a big fine for its Cash app. (theverge.com)
- American Express ($AXP) paid a fine for misleading its customers. (fastcompany.com)
- Two Sigma is paying fines for unauthorized changes to its investment models. (wsj.com)
EVs
- The bloom is off the Tesla ($TSLA) rose in the U.S. (sherwood.news)
- The ten best-selling EVs of 2024. (caranddriver.com)
- Want an EV? Lease it. (wsj.com)
Drink
- On the dangers of daily drinking. (npr.org)
- Alcohol isn't good for you, but moderate drinking isn't a health disaster. (theatlantic.com)
- What does it mean to be 'sober-ish'? (nytimes.com)
- Modern temperance is about health, not morality. (theatlantic.com)
Economy
- December industrial production rebounded. (bonddad.blogspot.com)
- Real wages are higher than they were pre-pandemic. (econbrowser.com)
- Policy uncertainty is on the rise. (mrzepczynski.blogspot.com)
- Corporate bankruptcies are ticking higher. (axios.com)
- A look at the strong economy that Biden is leaving for Trump. (ft.com)
Earlier on Abnormal Returns
- Podcast links: the economics of weight loss. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: harnessing technology. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Are you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
