Quote of the Day
"At some point, the ETF industry needs to take a breather. What started as a way to simplify investing and cut costs has turned into a free-for-all where funds are being launched faster than anyone can keep up."
(Tony Dong)
Chart of the Day
Inflation breakevens have been rising for the past half year. (chart via FRED)
Companies
- It feels like Apple ($AAPL) is 'stuck in a rut.' (spyglass.org)
- This company has thoroughly scrubbed any mention of diversity, inclusion or DEI from its SEC filings. (linkedin.com)
Fund management
- If anybody is going to bridge the private-public markets gap it will be Blackrock ($BLK). (bloomberg.com)
- Even when used as prescribed, leveraged ETFs are imperfect instruments. (morningstar.com)
- The ETF industry needs to hit pause. (linkedin.com)
Venture capital
- Has Y Combinator lost its edge? (fastcompany.com)
- AI has changed how startups are built. (nytimes.com)
- VCs (and founders) learned a lot of bad habits during ZIRP. (news.crunchbase.com)
Video
- How Tubi became a free streaming powerhouse. (wired.com)
- 'Severance' is Apple TV's ($AAPL) biggest hit to-date. (deadline.com)
- Do you trust Amazon MGM ($AMZN) with creative control over the James Bond franchise? (theverge.com)
Global
- Howard Lindzon, "The world order is changing." (howardlindzon.com)
- Don't underestimate the impact of this change in American foreign policy. (theatlantic.com)
- How the rest of the world could view America differently. (axios.com)
Economy
- Weekly initial unemployment claims are hanging in there. (calculatedriskblog.com)
- A pullback in the IRA could see a fall in manufacturing construction. (nytimes.com)
Earlier on Abnormal Returns
- Longform links: an uncertain future. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: nothing left to achieve. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Are you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
