Quote of the Day
"Put simply: a person who moves money around is not the same as someone who actually makes something. It is not impossible that a money-mover is adding value — I have seen it happen! — but rearranging capital is not, in and of itself, the same thing as actually inventing, or being innovative, or building something from scratch."
(Anil Dash)
IPOs
- The IPO has reawakened. (optimisticallie.com)
- There is also a pickup in startup M&A. (news.crunchbase.com)
Fund management
- There are now more ETFs than stocks in the U.S. (fa-mag.com)
- What's the compelling reason for private assets in 401(k) accounts? (advisorperspectives.com)
Gambling
- How people confuse investing with gambling. (morningstar.com)
- Prediction markets could easily steamroll sports gambling to the detriment of states. (slate.com)
AI
- AI is not great at content moderation. (bloomberg.com)
- AI is a collaborator not a replacement. (theatlantic.com)
- AI could change how we buy groceries. (platformaeronaut.com)
Coffee
- Keurig Dr Pepper ($KDP) will acquire the European coffee company JDE Peet’s and then split up. (sherwood.news)
- Why that morning coffee just hits different. (newatlas.com)
Global
- A number of countries have stopped shipments to the U.S. in anticipation of the end of the de minimis tariff exemption. (axios.com)
- Softbank's Masayoshi Son has gone full MAGA. (ft.com)
- China's real estate slowdown continues. (nytimes.com)
Earlier on Abnormal Returns
- Adviser links: adviser burnout. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on Abnormal Returns. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
