Quote of the Day
"They [LLMs] are a kind of anti-social media, producing information heavily skewed towards expert opinion and communication styles."
(Dan Williams)
Private assets
- JP Morgan Chase ($JPM) is reportedly tightening lending standards. (barrons.com)
- The Cliffwater Corporate Lending fund has experienced notable redemption requests. (citywire.com)
- Why the investment industry is hell-bent on pushing alternative assets into TDFs and individual investor portfolios. (thealtview.substack.com)
- Asset managers are now trying to push private assets on European individual investors. (ft.com)
Indices
- Why Nasdaq ($NDAQ) is planning to cave to Elon. (keubiko.substack.com)
- What happened to the Wilshire Indices business? (ft.com)
AI
- OpenAI is rapidly bundling and unbundling features. (spyglass.org)
- Can AI predict human behavior better than humans? (wsj.com)
- How LLMs could change public discourse. (conspicuouscognition.com)
Apple
- The MacBook Neo is a real Mac. (sixcolors.com)
- The MacBook Neo is 'enough' for the vast majority of people. (om.co)
- John Gruber, "The Neo is a mass-market device that was conceived of, designed, and engineered to expand the Mac user base to a larger audience." (daringfireball.net)
Defense
- Remember Signalgate? A year later no one has been punished. (theatlantic.com)
- The Pentagon has dramatically cut back the office tasked with avoiding civilian casualties. (propublica.org)
- In any other administration this would be a major scandal. (wsj.com)
Immigration
- Why are Kiwis emigrating in record numbers? (edition.cnn.com)
- An example of how a sudden immigration stop affected the South Korean economy. (nber.org)
Economy
- The February 2026 CPI report was the last before the Iran war. (propublica.org)
- War makes the Fed's job harder. (capitalspectator.com)
- What the Challenger Layoff Tracker actually measures. (besttrousers.substack.com)
- Adam Ozimek, "Our willingness to pay for the human touch does not mean that AI will not be disruptive to the labor market." (theatlantic.com)
Earlier on Abnormal Returns
- Personal finance links: addressing both things. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: excluded variables. (abnormalreturns.com)
- The 2026 UBS Global Investment Yearbook is here! (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
