Quote of the Day
"Diversification is hard because there will always be something in your portfolio that underperforms. This is a feature, not a bug."
(MS)
AI
- Nvidia ($NVDA) is investing in OpenAI to help build out data centers. (wsj.com)
- How AI could change corporate structures. (tomtunguz.com)
- Agentic AI doesn't work without a high trust factor. (kk.org)
Finance
- How portfolio managers at a multi-strategy hedge fund can pull down $100 million in compensation in a good year. (on.ft.com)
- Why you should expect to more partnerships among asset managers and private asset managers. (altgoesmainstream.substack.com)
- A profile of Dmitry Balyasny, co-founder of Balyasny Asset Management, the $27 billion multistrat firm. (institutionalinvestor.com)
Real estate
- The return to the office is stalling out. (wsj.com)
- America's apartment building boom is seemingly over. (axios.com)
- You can thank China's government for the lavish makeover of the Waldorf-Astoria. (wsj.com)
Media
- The administration's attack on the press is multi-faceted. (freddiedeboer.substack.com)
- The media needs to quit posting misleading headlines. (theirrelevantinvestor.com)
- How to keep young men from getting radicalized. (kansascity.com)
Earlier on Abnormal Returns
- Adviser links: running your own race. (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)
