Quote of the Day
"Many societies regard risk-takers with skepticism or censure. The U.S. resolved this tension in its cradle."
(Roger Lowenstein)
Chart of the Day
Did you know small cap value outperformed the S&P 500 over the past five years?
Markets
- The S&P 500 returned 2.03% in August 2025. (on.spdji.com)
- Retail investors are flexing their collective muscles. (wsj.com)
- Some performance charts that might surprise you. (awealthofcommonsense.com)
Fund management
- Big fund inflows don't bode well for future performance. (morningstar.com)
- How hedge funds went from cottage industry to highly concentrated and specialized. (mrzepczynski.blogspot.com)
AI
- AI models are getting more expensive, not less. (wsj.com)
- A Q&A with Matthew Prince, CEO of Cloudflare ($NET), on how AI threatens the web. (crazystupidtech.com)
- How AI could make government run better. (city-journal.org)
Earlier on Abnormal Returns
- Adviser links: spending more in retirement. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)







