Quote of the Day
"If nothing else, Huang is a useful example to understand what happens when the fortunes of countries and many of its most powerful citizens are all tied up in one progressively intricate technological and financial bet."
(Charlie Warzel)
Nvidia
- Why is the Huang case becoming an issue now? (theringer.com)
- Jensen Huang, and the AI industry, has lost something it can never recover. (spyglass.org)
- It doesn't look like the administration is going to step into the Nvidia ($NVDA) mess. (theatlantic.com)
- Over time Nvidia's ($NVDA) board has let Jensen get his way. (nytimes.com)
- There is no obvious successor at Nvidia ($NVDA). (semafor.com)
- Why Huang just can't stay as CEO of Nvidia ($NVDA). (thezvi.substack.com)
Finance
- SpaceX's ($SPCX) free float just keeps climbing. (ft.com)
- The fight over single-stock perps is heating up. (wsj.com)
Private assets
- Why carry runs out, so does investment talent. (wsj.com)
- Why fund LPs rarely, if ever, remove GPs. (cashandcarried.substack.com)
Gambling
- Polymarket revenue is growing rapidly. (cnbc.com)
- Most people can gamble without it being a problem. Some just can't. (ofdollarsanddata.com)
- Why young people seem to be most at-risk from problem gambling. (theguardian.com)
- Losing bettors on Kalshi are suing to get back their stakes. (arstechnica.com)
Stay in touch
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
- Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
Autos
- The U.S. is the last place in the world where auto makers can make bank on ICEs. (wsj.com)
- Honda ($HMC) is expanding hybrid production in the U.S. (motortrend.com)
- How the talent exodus at Tesla ($TSLA) has affected operations. (electrek.co)
Economy
- October CPI rose 0.4%. (bonddad.blogspot.com)
- This locks in another Fed rate hike this year. (axios.com)
Earlier on Abnormal Returns
- Research links: developing investment talent. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: sudden windfalls. (abnormalreturns.com)
