Friday links: the convenience economy
Active managementConcentrated equity risk isn't worth the bother. (wsj.com)How active fund managers can 'cheat.' (behaviouralinvestment.com)The many reasons why active investors underperform. (larryswedroe.substack.com)EmigrationMeet the Americans who feel they need to move across state lines. (theguardian.com)More Americans are seeking British citizenship. (ft.com)New Mexico is trying to lure unsatisfied Texans. (npr.org)Sports gamblingWhat it's like to make markets on Kalshi. (marketwatch.com)ESPN Bet is not making headway against industry leaders. (sportico.com)Brendan Ruberry talks with Jonathan D. Cohen author of "Losing Big: America's Reckless Bet on Sports Gambling." (semafor.com)BudgetsDespite appearances, the bond market is not freaking out. (disciplinefunds.com)The proposed budget is a slap in the face of the bond market. (theatlantic.com)Scott Sumner, "In order for fiscal policy to be sustainable, the debt to GDP ratio must fall during expansions, so that it can rise during recessions." (scottsumner.substack.com)Earlier on Abnormal ReturnsPodcast links: the new space race. (abnormalreturns.com)What you missed in our Thursday linkfest. (abnormalreturns.com)Longform links: making waste disappear. (abnormalreturns.com)Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)Mixed mediaDrink more water! (sciencedirect.com)Wash your water pitcher! (wsj.com)
Active management
- Concentrated equity risk isn't worth the bother. (wsj.com)
- How active fund managers can 'cheat.' (behaviouralinvestment.com)
- The many reasons why active investors underperform. (larryswedroe.substack.com)
Emigration
- Meet the Americans who feel they need to move across state lines. (theguardian.com)
- More Americans are seeking British citizenship. (ft.com)
- New Mexico is trying to lure unsatisfied Texans. (npr.org)
Sports gambling
- What it's like to make markets on Kalshi. (marketwatch.com)
- ESPN Bet is not making headway against industry leaders. (sportico.com)
- Brendan Ruberry talks with Jonathan D. Cohen author of "Losing Big: America's Reckless Bet on Sports Gambling." (semafor.com)
Budgets
- Despite appearances, the bond market is not freaking out. (disciplinefunds.com)
- The proposed budget is a slap in the face of the bond market. (theatlantic.com)
- Scott Sumner, "In order for fiscal policy to be sustainable, the debt to GDP ratio must fall during expansions, so that it can rise during recessions." (scottsumner.substack.com)
Earlier on Abnormal Returns
- Podcast links: the new space race. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: making waste disappear. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
