Quote of the Day
"Memecoins and mystery boxes are a way for people to feel they are participating in the boom, even as they are priced out of its tangible rewards."
(Kyla Scanlon)
Strategy
- In a market boom, it's easy to forget that markets cycle. (novelinvestor.com)
- A Q&A with Dan Rasmussen of Verdad Advisors and author of "The Humble Investor." (carsonjbecker.substack.com)
- Trading is a business. You need a plan. (traderfeed.blogspot.com)
Finance
- Like it or not, alternatives and crypto are coming to 401(k) plans. (axios.com)
- Firefly Aerospace ($FLY) is now public. (cnbc.com)
GLP-1s
- Eli Lilly ($LLY) released results for its oral weight loss drug. (sherwood.news)
- How Novo Nordisk ($NVO) fell behind. (nytimes.com)
AI
- Putting the AI boom into perspective. (derekthompson.org)
- America is investing in AI, to the exclusion of everything else. (kyla.substack.com)
- The business case for AI relies on replacing human labor. (pluralistic.net)
- Make no mistake, AI is a new paradigm. (stratechery.com)
- Just how 'open' are AI models? (spyglass.org)
Sports business
- One reason why wealthy investor pay up for pro sports teams: tax breaks. (huddleup.substack.com)
- A small stake in the Chicago Bears just changed hands at a $8.8 billion valuation. (sportico.com)
- How many pro volleyball leagues can the U.S. support? (frontofficesports.com)
- Golf startups are having a moment. (howardlindzon.com)
Economy
- Inflation isn't dead. (apolloacademy.com)
- Keep an eye on student loan delinquencies. (mrzepczynski.blogspot.com)
- Trade uncertainty is by no means over. (axios.com)
Earlier on Abnormal Returns
- Longform links: environmental contagion. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: moving the goalposts. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
