Quote of the Day
"When you add it up, I’d put the odds of private equity outperforming the S&P 500 net of fees at around 40 per cent, which says next to nothing about what investors will actually experience."
(Ted Seides)
Strategy
- Investors are only going to have more options going forward. The paradox of choice awaits. (awealthofcommonsense.com)
- What will it take for private equity to outperform stocks from here? (ft.com)
Crypto
- Why Trump Media & Technology Group ($DJT) is shifting to crypto. (nytimes.com)
- Pump.fun is planning a big token sale. (riskgaming.com)
Elon
- SpaceX is reportedly raising new capital at a $400 billion valuation. (semafor.com)
- Grok has unleashed it racist and anti-Semitic side. (arstechnica.com)
- X CEO Linda Yaccarino has resigned. (axios.com)
Finance
- How to spot a modern stock scam. (herbgreenberg.com)
- What Ken Griffin wants, Ken Griffin gets. (msn.com)
- Jane Street is a juggernaut. Will trouble in India matter? (ft.com)
Streaming
- YouTube is still filled with pirated material. (nytimes.com)
- Is Apple ($AAPL) going to win F1 broadcast rights? (spyglass.org)
- Max is once again HBO Max. (theverge.com)
Canada
- Canadians view the U.S. as both ally and threat. (pewresearch.org)
- Some observations about Canada, including its urbanization. (scottsumner.substack.com)
- Does Canada feel poorer than the U.S.? (marginalrevolution.com)
Tariffs
- Why tariffs on copper and aluminum may matter more than bilateral tariffs. (cnbc.com)
- Tariff letters keep going out. (axios.com)
Economy
- Earnings estimates have been rising since early May. (apolloacademy.com)
- The loss of foreign-born workers is beginning to bite. (politico.com)
- The return of ZIRP is not impossible. (disciplinefunds.com)
Earlier on Abnormal Returns
- Personal finance links: a deep respect for time. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: basic market truths. (abnormalreturns.com)
- Newer, cheaper, better isn't always. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)







