Sunday links: brains vs. wisdom
Tadas Viskanta
Abnormal Returns
13 hours ago
3 MIN READ
Markets
- Bank stocks are rallying. (trendlabs.com)
- How Japan’s stock market has changed over time. (apollo.com)
- In this market, big stocks are making really big moves. (awealthofcommonsense.com)
Strategy
- On the limits of financial modeling. (tker.co)
- The hype machine has never been more impactful in markets. (investing101.substack.com)
- Leverage plus concentration is a deadly mix. (moontower.substack.com)
AI
- DeepSeek is putting downward pressure on model pricing. (axios.com)
- Demand for compute is only moving in one direction. (downtownjoshbrown.com)
- For better or worse, Larry Ellison has gone all-in on AI. (nytimes.com)
- Checking in on the OpenAI-Anthropic rivalry. (wsj.com)
- Why the frontier labs may not make their best models publicly available. (bigtechnology.com)
Taxes
- Why corporate tax revenues keep trending lower. (bloomberg.com)
- The creator of the 401(k) plan admits it doesn’t work well for lower wage workers. (wealthmanagement.com)
- How billionaires avoid paying taxes. (crr.bc.edu)
Law and order
- The U.S. keeps blowing up boats, but cocaine flows freely into the U.S. (washingtonpost.com)
- Texas’ prison system has an air conditioning problem. (slate.com)
- Why the DOJ dropped the Reflecting Pool vandalism case. (cnn.com)
Immigration
- 300,000 Haitians in the U.S. are losing their legal status. (npr.org)
- Why is this agency sending tips to ICE? (reuters.com)
Stay in touch
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
- Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
Trump
- An inside look at how the Trump fundraising machine works. (wsj.com)
- Capital One ($COF) closed Trump Organization’s accounts in 2021 after an anti-money laundering probe. (reuters.com)
Policy
- Companies are looking to do deals now that they would never had considered before. (nytimes.com)
- America politicians are older, but aren’t dying in office at a more rapid rate. (theargumentmag.com)
- AI companies are spending big this election cycle. (politico.com)
Economy
- Kevin Warsh is not inspiring confidence. (danieldrezner.substack.com)
- The market is worried the Fed is going to make a policy mistake. (apollo.com)
- The economic schedule for the coming week. (economicweekly.substack.com)
Earlier on Abnormal Returns
- Top clicks last week on Abnormal Returns. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
Mixed media
- Miles Bryan talks with journalist Ryan Broderick about how ‘Google zero’ could break the Internet. (podcasts.apple.com)
- Why Google quickly backtracked on this Google Earth feature. (npr.org)
- Charlie Warzel talks to Claire Stapleton, author of “Don’t Be Evil: Bad Bosses Fake Promises and My Escape from Big Tech – A Biting Memoir of Twelve Years Inside Google.” (theatlantic.com)
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