Quote of the Day
"Contemporary capitalism, and Buffett’s empire, has tended to enshrine shareholder returns as the ultimate judge of quality."
(Tom Morgan)
Behavior
- Should the prospects for AGI change how you invest or work? (ofdollarsanddata.com)
- Joe Wiggins, "A key element of behaviour change is shifting incentives." (behaviouralinvestment.com)
Venture capital
- The venture capital world has split in two: those still trying to generate alpha, and those happy to collect fees on ever bigger piles of capital. (sethlevine.com)
- Venture capital firm General Catalyst has launched its own wealth management operation, GC Wealth. (fa-mag.com)
- For founders, there is big difference between quitting and stopping. (hunterwalk.com)
- How to deal with differing levels of conviction among a VC team. (casnocha.com)
Energy
- The Canadian and U.S. energy markets are highly integrated. (semafor.com)
- Why you shouldn't expect a big boost in oil production any time soon. (wsj.com)
Eggs
- Waffle House is adding a $0.50 surcharge to egg orders. (nbcnews.com)
- How restaurants are rethinking their use of eggs. (eater.com)
Elon
- Elon Musk is running roughshod through the administrative state. (theverge.com)
- Elon has an an ally in the Bureau of the Fiscal Service. (wired.com)
- On the potential for mischief for anyone with access to U.S. governmental systems is vast. (paulkrugman.substack.com)
- What does USAID do? (axios.com)
Respiratory illness
- Covid is relatively mild this Winter. (npr.org)
- Influenza is seeing a second wave. (arstechnica.com)
- What it would take for H5N1 to become a pandemic. (nytimes.com)
Economy
- The December JOLTS report was 'mildly positive.' (bonddad.blogspot.com)
- Consumers are skeptical that inflation is tamed. (mrzepczynski.blogspot.com)
Earlier on Abnormal Returns
- Research links: saving for the future. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: meeting clients where they are. (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)
