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Wednesday links: cognitive passivity
MarketsThe U.S. stock market still isn't cheap. (institutionalinvestor.com)Whose stock market is this? (axios.com)ExchangesEurope's stock market is shrinking due to M&A. (giftarticle.ft.com)How NYSE Chicago/Texas makes money. (joesaluzzi.substack.com)SPACs are bouncing back. (news.crunchbase.com)Fund managementTarget-date funds do what they say they do. (morningstar.com)How tail-risk ETFs are supposed to work. (morningstar.com)AppleIn 2025, what does it mean to be a 'fan' of Apple ($AAPL)? (macworld.com)An enterprise report card for Apple ($AAPL). (sixcolors.com)In case for tracking your sleep with an Apple ($AAPL) Watch. (sixcolors.com)VietnamFirms that moved operations to Vietnam have gotten rug pulled. (nytimes.com)American firms sourcing goods in Vietnam are stuck. (wsj.com)A majority of Americans say they Vietnam War was a mistake. (axios.com)EconomyQ1 2025 GDP shrank 0.3%. (calculatedriskblog.com)Real consumption and investment were positive in Q1. (bonddad.blogspot.com)Q1 numbers don't really capture the impact of tariffs. (gelliottmorris.com)Earlier on Abnormal ReturnsPersonal finance links: fooling yourself. (abnormalreturns.com)What you missed in our Tuesday linkfest. (abnormalreturns.com)Research links: the same Sharpe ratio. (abnormalreturns.com)Are you a financial advisor? Then sign up for our weekly advisor-only newsletter. (newsletter.abnormalreturns.com)Mixed mediaIt seems that AI starting to take entry-level jobs that college graduates used to fill. (theatlantic.com)During periods of chaos, nimble startups have a leg up. (notboring.co)In praise of slack in government, business and life. (bigthink.com)Why we avoid subtraction as a strategy. (whyisthisinteresting.substack.com)
Markets
- The U.S. stock market still isn't cheap. (institutionalinvestor.com)
- Whose stock market is this? (axios.com)
Exchanges
- Europe's stock market is shrinking due to M&A. (giftarticle.ft.com)
- How NYSE Chicago/Texas makes money. (joesaluzzi.substack.com)
- SPACs are bouncing back. (news.crunchbase.com)
Fund management
- Target-date funds do what they say they do. (morningstar.com)
- How tail-risk ETFs are supposed to work. (morningstar.com)
Apple
- In 2025, what does it mean to be a 'fan' of Apple ($AAPL)? (macworld.com)
- An enterprise report card for Apple ($AAPL). (sixcolors.com)
- In case for tracking your sleep with an Apple ($AAPL) Watch. (sixcolors.com)
Vietnam
- Firms that moved operations to Vietnam have gotten rug pulled. (nytimes.com)
- American firms sourcing goods in Vietnam are stuck. (wsj.com)
- A majority of Americans say they Vietnam War was a mistake. (axios.com)
Economy
- Q1 2025 GDP shrank 0.3%. (calculatedriskblog.com)
- Real consumption and investment were positive in Q1. (bonddad.blogspot.com)
- Q1 numbers don't really capture the impact of tariffs. (gelliottmorris.com)
Earlier on Abnormal Returns
- Personal finance links: fooling yourself. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: the same Sharpe ratio. (abnormalreturns.com)
- Are you a financial advisor? Then sign up for our weekly advisor-only newsletter. (newsletter.abnormalreturns.com)
Mixed media
- It seems that AI starting to take entry-level jobs that college graduates used to fill. (theatlantic.com)
- During periods of chaos, nimble startups have a leg up. (notboring.co)
- In praise of slack in government, business and life. (bigthink.com)
- Why we avoid subtraction as a strategy. (whyisthisinteresting.substack.com)
