Quote of the Day
"Asset owners and their advisors need to reexamine their beliefs and behaviors to see whether they are based on the private equity that was or the private equity that will be."
(Tom Brakke)
Finance
- Investors are swapping their private BDCs for public BDCs. (wsj.com)
- The private equity industry has changed a lot over the years. (investmentecosystem.com)
- Amazon-backed X-Energy ($XE) is now public. (pitchbook.com)
Layoffs
- Big Tech is using layoffs to afford more AI. (wsj.com)
- A look at this year's big corporate layoffs, so far. (wsj.com)
Apple
- Apple ($AAPL) is on track to be the biggest phone seller in China. (sherwood.news)
- Apple ($AAPL) Macs are the only PCs made for AI. (om.co)
- How to take full advantage of your Apple ($AAPL) Watch. (pogueman.substack.com)
AI
- The AI data center backlash is growing. (nytimes.com)
- Your Slacks and e-mails are being used to train AI. (futurism.com)
- Could AI companies get nationalized? (theatlantic.com)
Economy
- Companies are saying consumers are in good shape. (thetranscript.substack.com)
- The rest of the world is disproportionately feeling the pain of the Iran war. (nytimes.com)
- Why the choice of inflation measure matters for policy. (newsletter.mikekonczal.com)
Earlier on Abnormal Returns
- Adviser links: controlling the controllable. (abnormalreturns.com)
- Life is existential uncertainty. Make sure you enjoy it while you can. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- What everyone clicked on last week on Abnormal Returns. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
