Thursday links: cognitive resilience
MarketsMarkets are largely shrugging off the destruction of norms. (ft.com)S&P 500 companies returned a record amount of capital in 2024. (axios.com)The U.S. stock market is a standout in 2025, and not in a good way. (capitalspectator.com)Which sectors look cheap after this correction? (morningstar.com)BooksBarry Ritholtz’s "How Not to Invest" is a 'very informative book about investing that is most importantly a lot of fun.' (realclearmarkets.com)"Buffett’s Early Investments: A New Investigation Into the Decades When Warren Buffett Earned His Best Returns" by Brett Gardner is an 'enjoyable read.' (blogs.cfainstitute.org)Ezra Klein and Derek Thompson pull their punches in "Abundance." (noahpinion.blog)“Everything Is Tuberculosis” by John Green is 'earnest and empathetic.' (nytimes.com)Books that Laurie Santos recommends including "Four Thousand Weeks" by Oliver Burkeman. (newyorker.com)TeslaRetail investors are buying the dip in Tesla ($TSLA). (sherwood.news)The Commerce Secretary is now providing stock recommendations. (axios.com)Tesla ($TSLA) is recalling Cybertrucks because panels keep falling off. (theverge.com)Apple TV+Apple ($AAPL) is reportedly losing some $1 billion a year on streaming content. (9to5mac.com)Why sports leagues shouldn't bet on Apple ($AAPL) bailing them out. (johnwallstreet.com)Venture capitalBalyasny Asset Management is launching a dedicated venture capital vehicle. (institutionalinvestor.com)The fintech startups that could go public. (news.crunchbase.com)How LP advisory councils can work in practice. (hunterwalk.com)FinanceHas the office building market bottomed? (nytimes.com)Brad Jacobs' QXO ($QXO) has finally purchased Beacon Roofing Supply ($BECN). (wsj.com)MediaAn assessment of what finance writers are earning on Substack. (behindthebalancesheet.substack.com)How Meta ($META) turned this memoir into a best seller. (engadget.com)How to become an NBA insider without a big platform. (niemanlab.org)NYT Cooking is a standout success. (bloomberg.com)EconomyWeekly initial claims remain quiescent. (calculatedriskblog.com)How the distortions from tariffs can stick around for decades. (wsj.com)Earlier on Abnormal ReturnsLongform links: a vision of the future. (abnormalreturns.com)What you missed in our Wednesday linkfest. (abnormalreturns.com)Personal finance links: inevitable market storms. (abnormalreturns.com)You can now follow us on Bluesky. (bsky.app)Are you signed up for daily e-mail newsletter? Well, you should be. (abnormalreturns.com)Mixed mediaThe Boston Celtics were just sold for a record price. (axios.com)Can anybody break the FanDuel-Drafkings duopoly? (awfulannouncing.com)Private equity firm Sixth Street has purchased a roughly 10% stake in the San Francisco Giants. (sportico.com)
Markets
- Markets are largely shrugging off the destruction of norms. (ft.com)
- S&P 500 companies returned a record amount of capital in 2024. (axios.com)
- The U.S. stock market is a standout in 2025, and not in a good way. (capitalspectator.com)
- Which sectors look cheap after this correction? (morningstar.com)
Books
- Barry Ritholtz’s "How Not to Invest" is a 'very informative book about investing that is most importantly a lot of fun.' (realclearmarkets.com)
- "Buffett’s Early Investments: A New Investigation Into the Decades When Warren Buffett Earned His Best Returns" by Brett Gardner is an 'enjoyable read.' (blogs.cfainstitute.org)
- Ezra Klein and Derek Thompson pull their punches in "Abundance." (noahpinion.blog)
- “Everything Is Tuberculosis” by John Green is 'earnest and empathetic.' (nytimes.com)
- Books that Laurie Santos recommends including "Four Thousand Weeks" by Oliver Burkeman. (newyorker.com)
Tesla
- Retail investors are buying the dip in Tesla ($TSLA). (sherwood.news)
- The Commerce Secretary is now providing stock recommendations. (axios.com)
- Tesla ($TSLA) is recalling Cybertrucks because panels keep falling off. (theverge.com)
Apple TV+
- Apple ($AAPL) is reportedly losing some $1 billion a year on streaming content. (9to5mac.com)
- Why sports leagues shouldn't bet on Apple ($AAPL) bailing them out. (johnwallstreet.com)
Venture capital
- Balyasny Asset Management is launching a dedicated venture capital vehicle. (institutionalinvestor.com)
- The fintech startups that could go public. (news.crunchbase.com)
- How LP advisory councils can work in practice. (hunterwalk.com)
Finance
- Has the office building market bottomed? (nytimes.com)
- Brad Jacobs' QXO ($QXO) has finally purchased Beacon Roofing Supply ($BECN). (wsj.com)
Media
- An assessment of what finance writers are earning on Substack. (behindthebalancesheet.substack.com)
- How Meta ($META) turned this memoir into a best seller. (engadget.com)
- How to become an NBA insider without a big platform. (niemanlab.org)
- NYT Cooking is a standout success. (bloomberg.com)
Economy
- Weekly initial claims remain quiescent. (calculatedriskblog.com)
- How the distortions from tariffs can stick around for decades. (wsj.com)
Earlier on Abnormal Returns
- Longform links: a vision of the future. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: inevitable market storms. (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Are you signed up for daily e-mail newsletter? Well, you should be. (abnormalreturns.com)
