Quote of the Day
"The growth and staying power of retail investors is not a threat to institutions, it is a boon. They will be forced to get better."
(Howard Lindzon)
Markets
- Valuation is a terrible stock market timing tool. (tker.co)
- Market cycles seem to be happening faster than ever. (awealthofcommonsense.com)
- Retail investors are not going anywhere. (howardlindzon.com)
Crypto
- iShares has pulled ahead of the pack of spot Bitcoin ETFs. (barrons.com)
- There's no reason to give crypto a special tax break. (marginalrevolution.com)
Companies
- Dell Technologies ($DELL) is much more than a PC company these days. (wsj.com)
- No company is immune from making big mistakes. (bloomberg.com)
- How AI is upending the advertising business. (wsj.com)
Finance
- The London Stock Exchange lost 70 net listings in 2024. (ft.com)
- How investment banks move 50-something MDs aside. (efinancialcareers.com)
ETFs
- The fee war is coming for single-stock ETFs. (finance.yahoo.com)
- The shift to ETFs has saved investors some $250 billion over time. (on.ft.com)
Opioids
- Private equity is a big player in the addiction treatment business. (axios.com)
- McKinsey and Company's work for Purdue Pharma helped fuel the opioid crisis. (npr.org)
Nominees
- Trump's nominees are knee-deep in the supplements business. (wsj.com)
- Don't be shocked by government by (and for) billionaires. (axios.com)
Policy
- Tech CEOs are bending the knee, with $1 million checks in hand. (nytimes.com)
- Signs that Trump may cave to China. (noahpinion.blog)
- Why the Biden administration still has time to seize Russian assets. (foreignpolicy.com)
- Why FBI Director Christopher Wray resigning matters. (fallows.substack.com)
Economy
- Inflation is done going down. (apolloacademy.com)
- Reducing food costs is harder than it looks. (paulkrugman.substack.com)
- Why the Fed would be smart to pause in December. (axios.com)
- New college grads are struggling to find jobs. (sherwood.news)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Stuff is stuff: on the challenges of cleaning out a late parent's home. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)







