Quote of the Day
"Remember, owning bonds makes sense for two main reasons: income and safety. Buying an aggressive bond fund that looks good against the Agg can lead you astray."
(Jason Zweig)
Markets
- When do rising yields affect stocks? (stockmarketmedia.com)
- What will higher rates break first? (bloomberg.com)
- A look at rising real yields. (econbrowser.com)
Private investments
- Startups are staying private longer, because they were overvalued by VCs. (awealthofcommonsense.com)
- Private equity firms are having wait a lot longer to generate carry. (bloomberg.com)
SpaceX
- SpaceX ($SPCX) has stopped selling Falcon 9 flights. (wsj.com)
- Space is a small-ish part of SpaceX ($SPCX). (ft.com)
- The SpaceX ($SPCX) Starship is getting another test flight on Monday. (futurism.com)
Restaurants
- McDonald's ($MCD) is planning system-wide upgrades. (cnbc.com)
- Starbucks ($SBUX) is closing 250 North American locations. (cnbc.com)
- Restaurants should be wary of marketing with AI slop. (wsj.com)
AI
- The price of tokens just keep falling. (tomtunguz.com)
- How AI has changed the software business. (auren.substack.com)
- When AI-generated emails overwhelm your inbox. (hunterwalk.com)
Stay in touch
- Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Sports business
- Private equity firms can now hold up to 20% ownership of a MLB club. (frontofficesports.com)
- The story behind Northwestern University's brand new football stadium. (sportico.com)
- As private equity takes over pro sports, the Green Bay Packers stand out. (nytimes.com)
Earlier on Abnormal Returns
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: the failure of shame. (abnormalreturns.com)
