Quote of the Day
"[AI] Slop threatens to leach actual meaning out of the internet by creating feedback loops of recursive information."
(Charlie Warzel)
Chart of the Day
Prior to today’s drop, the SPDR Gold Shares ETF ($GLD) had never been as overbought. (chart via @charliebilello)
Conviction
- When should you sell a stock that has gone up a lot? (awealthofcommonsense.com)
- High conviction stock bets work until they don't. (contessacapitaladvisors.com)
- Three ways to approach a highly appreciated stock. (blairbellecurve.com)
Fund management
- The leverage in 2x ETFs comes at (high) cost. (jeffreyptak.substack.com)
- A look at how target-date funds rebalance over time. (morningstar.com)
- What's the use case for money market ETFs? (barrons.com)
- On the myth of a 'stock picker's market.' (morningstar.com)
Companies
- How Eli Lilly ($LLY) took the lead on obesity drugs. (axios.com)
- Berkshire Hathaway ($BRK.A) has left money on the table selling Apple ($AAPL) shares early. (barrons.com)
- How Provalus is succesfully hiring and training workers in rural America. (wsj.com)
Amazon
- Yesterday was a great reminder of the importance of Amazon ($AMZN) AWS. (wsj.com)
- Should the U.S. economy be so vulnerable to any single company? (riskgaming.com)
- Amazon ($AMZN) is accelerating its move to replace warehouse workers with robots. (nytimes.com)
- Amazon ($AMZN) delivery contractors are increasingly dropping out due to rising costs. (bloomberg.com)
AI
- OpenAI increasingly looks like a binary bet. (spyglass.org)
- The continued AI boom is dependent on the flow of credit. (axios.com)
- Estimating how much Anthropic (and Cursor) spend at AWS. (wheresyoured.at)
Economy
- A look at the stress that the U.S. agricultural sector is under. (econofact.org)
- What economic data we have already missed. (econbrowser.com)
- How other countries are affected by the U.S. government shutdown. (flowingdata.com)
Earlier on Abnormal Returns
- Research links: the bane of gamblers. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Adviser links: the heart of the matter. (abnormalreturns.com)
- Don't miss out! Sign up for daily e-mail newsletter. (abnormalreturns.com)
