Strategy
- What, if anything, can displace U.S. equity market dominance? (awealthofcommonsense.com)
- Vanguard wants investors to shift from cash into fixed income before its too late. (riabiz.com)
- Endowment funds are playing a losing game. (blogs.cfainstitute.org)
Crypto
- Another company, Marathon Holdings ($MARA), has joined the ‘buy Bitcoin’ strategy used by Microstrategy ($MSTR). (sherwood.news)
- Microstrategy ($MSTR) is poised to be added to the Invesco QQQ ETF ($QQQ). (coindesk.com)
Intel
- Intel’s ($INTC) problems are decades in the making. (daringfireball.net)
- There is no obvious path forward for Intel ($INTC). (spyglass.org)
Startups
- Elon Musk’s xAI has raised capital at a record pace. (sherwood.news)
- Startup stock tender offerings are on the rise. (axios.com)
Health
- Eli Lilly’s ($LLY) Zepbound bested Novo Nordisk’s ($NVO) Wegovy in a big obesity drug trial. (biopharmadive.com)
- Mark Cuban, “How much f*cking money do I need? I’m not trying to land on Mars.” (wired.com)
Economy
- Per ISM, the services sector continues to expand. (bonddad.blogspot.com)
- It’s hard to find a lot wrong with the U.S. economy. (scottgrannis.blogspot.com)
- Home prices increased 3.4% over the past year, per CoreLogic. (calculatedriskblog.com)
- Each unit of GDP has required less miles driven over time. (econbrowser.com)
Earlier on Abnormal Returns
- Personal finance links: taking your time. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: non-traded vehicles. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Have you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
Mixed media
- 100 must-read books from 2024 including “Long Island Compromise” by Taffy Brodesser-Akner. (time.com)
- The 10 best books of 2024 including “Reagan: His Life and Legend” by Max Boot. (nytimes.com)
- Five notable books from 2024 including “Autocracy Inc.: The Dictators Who Want to Run the World” by Anne Applebaum. (klementoninvesting.substack.com)
