Friday links: investment self-confidence
Tadas Viskanta
Abnormal Returns
5 days ago
2 MIN READ
December 2025
- The S&P 500 returned 0.06% in December. (on.spdji.com)
- How major asset classes performed in December. (capitalspectator.com)
Markets
- Silver had a huge 2025. (barrons.com)
- The U.S. dollar had its worst year since 2017. (nypost.com)
- Indian equities underperformed in 2025. (bloomberg.com)
Strategy
- 2025 should have been a big year for active managers. (larryswedroe.substack.com)
- Trends don’t end just because the calendar turned the page. (trendlabs.com)
- Financial markets don’t care what your theory says. (klementoninvesting.substack.com)
- What can you learn from your past year’s portfolio returns? (fortunesandfrictions.com)
Retail trading
- Retail traders are having a growing impact on markets. (wsj.com)
- Traders who followed ‘Captain Condor’ are feeling the pain. (morningstar.com)
Berkshire Hathaway
- Nobody can accuse Warren Buffett of losing his way. (wsj.com)
- Warren Buffett on why he is confident in Greg Abel. (cnbc.com)
- On the challenges facing Greg Abel is facing including ‘maintaining Berkshire’s unique culture.’ (newsletter.rationalwalk.com)
- Buffett’s stepping down is both a big deal and a non-event. (kingswell.io)
- Buffett will be best remembered for his character. (rogerlowenstein.substack.com)
Cities
- What’s the secret to New York’s economic durability? (paulkrugman.substack.com)
- Why populists love to attack London. (ft.com)
- Boston developers bet big on luxury condos. They are sitting on unsold inventory. (wsj.com)
- NYC’s MetroCard is no more. (theatlantic.com)
Work
- America’s work force is aging. How some companies are adapting. (businessinsider.com)
- Handling merchandise returns for online consumers is now a business. (wsj.com)
- The newsletter business is booming. (wsj.com)
Earlier on Abnormal Returns
- Podcast links: the sounds of silence. (abnormalreturns.com)
- Longform links: ambiguous accuracy. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: guilt and fear. (abnormalreturns.com)
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Mixed media
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