Quote of the Day
"As investors we never know how fast the next fat pitch will come across the plate. All we can do is prepare and be ready."
(Sean Iddings)
Markets
- S&P 500 concentration keeps ticking higher. (apolloacademy.com)
- Younger generations in Japan are getting drawn into investing. (economist.com)
Crypto
- Strategy ($MSTR) keeps adding new layers of financial complexity. (ft.com)
- Justin Sun is buying more $TRUMP. (sherwood.news)
Fund management
- Are all funds going to end up onchain? (blockworks.co)
- Merger arbitrage investors are waiting for more deals to come down the pike. (finance.yahoo.com)
- Hunterbrook Global has been valued at $100mn after a recent fundraising. (ft.com)
Mag 7
- Another indication that Tesla ($TSLA) has a governance problem. (nytimes.com)
- Meta ($META) just bought a stake in eyeglass maker EssilorLuxottica SA. (cnbc.com)
- It is time for a leadership change at Apple ($AAPL)? (spyglass.org)
Drones
- Russia has dramatically increased its drone output. (wsj.com)
- The Pentagon is coming to terms with its drone deficiencies. (nytimes.com)
- How fiber optic drones work on the battlefield. (wsj.com)
Economy
- If the Fed cut rates, by a lot, it would probably backfire. (axios.com)
- Where housing inventory is headed higher. (fastcompany.com)
Earlier on Abnormal Returns
- Longform links: a clear connection. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a deep respect for time. (abnormalreturns.com)
- Newer, cheaper, better isn't always. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
