Sunday links: a common thread
Tadas Viskanta
Abnormal Returns
1 month ago
3 MIN READ
Markets
- Dave Nadig, “You are on your own. There are few left to trust.” (davenadig.substack.com)
- Unfortunately, there is no going back. (howardlindzon.com)
Strategy
- Global diversification also means currency diversification. (disciplinefunds.com)
- Investing success is only knowable in hindsight. (microcapclub.com)
Crypto
- The largest crypto theft of all-time just went down. (theblock.co)
- Stablecoin adoption keeps rising. (economist.com)
Berkshire Hathaway
- The 2024 Berkshire Hathaway ($BRK.A) annual shareholder letter is out (berkshirehathaway.com)
- Don’t ever mistake Warren Buffett as a bear on American business. (tker.co)
- Berkshire’s insurance businesses did well in 2024. (morningstar.com)
- What Berkshire could look like decades down the road. (newsletter.rationalwalk.com)
Finance
- Why private equity loves the insurance business. (cashandcarried.substack.com)
- There is no shortage of commercial real estate loans that need to be refinanced. (apolloacademy.com)
ETFs
- Money market ETFs are here. Expect more. (riabiz.com)
- Even Vanguard investors overtrade their ETF holdings. (jeffreyptak.substack.com)
Global
- Why Trump’s swerve towards Putin shouldn’t be surprising. (wsj.com)
- Why Trump/Musk seem hell-bent on surrendering to Russia and China. (noahpinion.blog)
- Why Putin wants to erase Ukraine’s history. (wsj.com)
- The Trump administration is further punishing Afghan refugees. (propublica.org)
- How the demise of USAID has affected Kenya. (ft.com)
- Japan’s biggest threat is demographic collapse. (unchartedterritories.tomaspueyo.com)
Taxes
- Defunding the IRS gives tax scofflaws a leg up. (axios.com)
- Will cutbacks at the IRS cause more taxpayers to cut corners? (marketwatch.com)
- Who is helped by removing the SALT cap? (agglomerations.substack.com)
- Warren Buffett on why paying taxes is patriotic. (bloomberg.com)
Law
- Why some law firms are happy to participate in an assault on the legal system. (publicnotice.co)
- The administration has ordered the shutdown of the nationwide database tracking misconduct by federal police officers. (axios.com)
- What it was like to be a January 6th case juror. (wapo.st)
Spending
- Where DOGE claims to have cut spending. (wsj.com)
- A breakdown of how the U.S. government spent money in 2024. (usafacts.org)
- Don’t believe the hype. The Social Security Administration is pretty efficient. (bloomberg.com)
- Cutting federal jobs can mean a loss of valuable technical expertise. (axios.com)
- Dismantling the bureaucracy is from the autocrat’s playbook. (theconversation.com)
- Federal workers are being made to feel like criminals. (theatlantic.com)
Economy
- Why higher egg prices make us feel so bad. (awealthofcommonsense.com)
- Credit spreads are ignoring rising economic policy uncertainty. (apolloacademy.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks last week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (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 media
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