Wednesday links: impossible choices
CryptoThe government has no strategic reason to own crypto assets. (theatlantic.com)A crypto reserve does nothing for the U.S. dollar. (disciplinefunds.com)There's only one reason to include XRP or Cardano is a government-backed fund. (theverge.com)Money managementHow big asset managers are dealing with the DEI backlash. (riabiz.com)The biggest multi-strategy hedge funds just keep getting bigger. (businessinsider.com)Morningstar ($MORN) is expanding its private market data footprint. (citywire.com)Not every rebranding goes to plan. (ft.com)RedditReddit ($RDDT) is still the web's best hope. (theatlantic.com)Digg has new owners who are planning to take on Reddit. (nytimes.com)AIWhy is Microsoft ($MSFT) walking away from so much planned data center capacity? (wheresyoured.at)OpenAI alumni are the new Tiger Cubs. (spyglass.org)We don't need AI to create more written product. There's already so much. (thediff.co)Sports bettingFanDuel ($FLUT) was the biggest U.S. sportsbook in 2024. (msn.com)The ESPN Bet experiment is not going well. (huddleup.substack.com)The Nevada Gaming Board is demanding Kalshi remove its sports and election markets. (msn.com)RussiaTrump has cut off intelligence sharing with Ukraine. (ft.com)The war has been a standoff for two years. (theatlantic.com)Putin is winning, just by hanging in there. (wsj.com)A simple explanation for Trump's stand on Ukraine. (theatlantic.com)EconomyInterest rates can fall for good (and bad) reasons. (downtownjoshbrown.com)The many ways tariffs could impact the economy. (readthejointaccount.com)Some signs that economic uncertainty is bleeding through into consumer intentions. (apolloacademy.com)Earlier on Abnormal ReturnsPersonal finance links: financial independence. (abnormalreturns.com)What you missed in our Tuesday linkfest. (abnormalreturns.com)Research links: more than math. (abnormalreturns.com)The 2025 UBS Global Investment Returns Yearbook is out! (abnormalreturns.com)You can now follow us on Bluesky. (bsky.app)Are you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)Mixed mediaWhile we are fighting over tariffs and charging stations, China is pushing ahead on EVs. (lefsetz.com)Despite the hype, California is still an engine of growth for the U.S. (bloomberg.com)
Crypto
- The government has no strategic reason to own crypto assets. (theatlantic.com)
- A crypto reserve does nothing for the U.S. dollar. (disciplinefunds.com)
- There's only one reason to include XRP or Cardano is a government-backed fund. (theverge.com)
Money management
- How big asset managers are dealing with the DEI backlash. (riabiz.com)
- The biggest multi-strategy hedge funds just keep getting bigger. (businessinsider.com)
- Morningstar ($MORN) is expanding its private market data footprint. (citywire.com)
- Not every rebranding goes to plan. (ft.com)
- Reddit ($RDDT) is still the web's best hope. (theatlantic.com)
- Digg has new owners who are planning to take on Reddit. (nytimes.com)
AI
- Why is Microsoft ($MSFT) walking away from so much planned data center capacity? (wheresyoured.at)
- OpenAI alumni are the new Tiger Cubs. (spyglass.org)
- We don't need AI to create more written product. There's already so much. (thediff.co)
Sports betting
- FanDuel ($FLUT) was the biggest U.S. sportsbook in 2024. (msn.com)
- The ESPN Bet experiment is not going well. (huddleup.substack.com)
- The Nevada Gaming Board is demanding Kalshi remove its sports and election markets. (msn.com)
Russia
- Trump has cut off intelligence sharing with Ukraine. (ft.com)
- The war has been a standoff for two years. (theatlantic.com)
- Putin is winning, just by hanging in there. (wsj.com)
- A simple explanation for Trump's stand on Ukraine. (theatlantic.com)
Economy
- Interest rates can fall for good (and bad) reasons. (downtownjoshbrown.com)
- The many ways tariffs could impact the economy. (readthejointaccount.com)
- Some signs that economic uncertainty is bleeding through into consumer intentions. (apolloacademy.com)
Earlier on Abnormal Returns
- Personal finance links: financial independence. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: more than math. (abnormalreturns.com)
- The 2025 UBS Global Investment Returns Yearbook is out! (abnormalreturns.com)
- You can now follow us on Bluesky. (bsky.app)
- Are you signed up for daily e-mail newsletter? Well, you should. (abnormalreturns.com)
