Quote of the Day
"AI has turned the job application process into a bizarre high-tech blitzkrieg, where an unprecedented barrage of AI-written student applications slams into HR departments..."
(Derek Thompson)
Strategy
- Stop looking for a turnaround in active management performance. (wealthmanagement.com)
- Set-it-and-forget-it is working for investors. (jeffreyptak.substack.com)
Crypto
- In-kind redemption is coming for crypto ETFs. (theblock.co)
- Stablecoins may not be money, but they are not going anywhere. (ft.com)
Fund management
- Blackrock ($BLK) is planning to include private equity and credit in target-date funds. (wsj.com)
- Private assets are coming for individual UK investors. (ft.com)
Prediction markets
- Kalshi raised a big new round of capital. (theblock.co)
- What is preventing prediction markets from getting bigger? (economist.com)
- How the Mamdani victory played out on Kalshi. (fastcompany.com)
AI
- The big AI companies don't seem to care if they kill off publishing. (theatlantic.com)
- In the age of AI, well-organized data, matters more than ever. (tomtunguz.com)
- How AI will change the browser. (spyglass.org)
Movies
- Disney ($DIS) is banking on 'Elio' getting a second life on streaming. (cnbc.com)
- Is F1 Apple's ($AAPL) best hope for a blockbuster? (wsj.com)
- Denis Villeneuve is going to direct the next James Bond movie. (spyglass.org)
Economy
- Jobless claims show the jobs market is slowly deteriorating. (bonddad.blogspot.com)
- Federal contractors are NOT hiring. (axios.com)
Earlier on Abnormal Returns
- Longform links: digital afterlives. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: breaking the rules. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
