Quote of the Day
"Every economic issue is complex, but this one seems pretty straight forward: we should build more homes. Millions of them, as fast as we can. It’s the biggest opportunity to make the biggest positive impact on society."
(Morgan Housel)
Crypto
- Why MSCI ($MSCI) chickened out on DATs. (giftarticle.ft.com)
- Some DATs are being forced to sell their digital assets. (theblock.co)
- There's not a ton of demand for dogecoin ETFs. (sherwood.news)
- Trading crypto doesn't make you immune from paying taxes. (theblock.co)
Prediction markets
- Polymarket is now providing data to Dow Jones. (theblock.co)
- Polymarket isn't paying off bets on a U.S. 'invasion' of Venezuela. (forbes.com)
- Absent regulation or legislation, insider trading will continue on prediction markets. (theatlantic.com)
- Kalshi is backing a new bill to bar insider trading on prediction markets. (businessinsider.com)
Finance
- Jane Street is investing outside of its core business. (rupakghose.substack.com)
- 2025 was down year for VC fundraising. (wsj.com)
- Discord has filed for an IPO. (bloomberg.com)
AI
- JP Morgan Chase ($JPM) is dropping proxy advisors for an internal AI option. (wsj.com)
- AI killed Stack Overflow. (sherwood.news)
Media
- LinkedIn is having a moment. (wsj.com)
- How Reels became a big business. (wsj.com)
- Why social media platforms don't mind AI content. (om.co)
- Semafor has raised $30 million at a $330 million valuation. (axios.com)
Economy
- Heavy truck sales tanked in Q4. (calculatedriskblog.com)
- Services are hanging in there. (bonddad.blogspot.com)
- Tariffs have done nothing to help domestic manufacturing. (economist.com)
- America is losing blue-collar jobs. (apricitas.io)
Earlier on Abnormal Returns
- Personal finance links: vaguely unhappy. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: volatility estimates. (abnormalreturns.com)
- Our Q&A with Cullen Roche, author of "Your Perfect Portfolio: The Ultimate Guide to Using the World's Most Powerful Investing Strategies." (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)







