Quote of the Day
"Investing can be an enterprise, or it can be an entertainment."
(Jason Zweig)
Chart of the Day
The warning sign that is rising long term government bond yields.
Crypto
- World Liberty Financial has blocked Justin Sun, their largest known investor, from accessing his tokens. (citationneeded.news)
- Do stablecoins represent a systemic financial risk? (chicagobooth.edu)
Finance
- Colin Nagy, "Bloomberg has always been as much a social object as a data pipe." (whyisthisinteresting.substack.com)
- Algorithmic trading is taking share in the corporate bond market. (advisorperspectives.com)
Business
- Startup founders are once again touting their hard core work routines. (wsj.com)
- Scammers are now using fake reviews to extort small businesses. (nytimes.com)
- Naming a company these days isn't easy. (spencerjakab.substack.com)
- Billionaires love to invest in longevity startups. (wsj.com)
AI
- Daniel Jeffries, "That’s the biggest irony of AI work. If you’re not already good at the task it’s doing, you can’t tell if what it generates is good. You don’t have the knowledge or the context. " (freethink.com)
- Eliezer Yudkowsky and Nate Soares' new book "If Anyone Builds it, Everyone Dies" makes the AI doomer case. (semafor.com)
- AI helps bypass thinking, which ultimately makes us dumber. (wsj.com)
- AI writing still reads like it is written by a robot. (klementoninvesting.substack.com)
College
- Americans increasingly say college 'isn't important.' (news.gallup.com)
- There has been a 30-40% drop in foreign students in America. (theconversation.com)
- How teacher evaluations broke college. (theatlantic.com)
Health
- Dr. Aaron Carroll, "None of our health institutions are perfect...But they deserve thoughtful reform, not demolition." (nytimes.com)
- America is a hotbed for anti-science causes. (npr.org)
- Vaccine policy has fractured. (theatlantic.com)
Food prices
- At-home food prices are accelerating higher. (econbrowser.com)
- Coffee prices are soaring. (semafor.com)
Earlier on Abnormal Returns
- Podcast links: lossless listening. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: the capacity to care. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
