Sunday links: the age of uncertainty
Tadas Viskanta
Abnormal Returns
22 hours ago
3 MIN READ
Markets
- Tech stocks are outrunning their earnings. (chartkidmatt.com)
- The AI trade is booming, so is degneracy. (howardlindzon.com)
- Are markets complacent about cybersecurity risks? (tker.co)
ETFs
- On the risks of autocallable ETFs. (wsj.com)
- The more Wall Street is selling something, the faster you should run away. (humbledollar.com)
- The fight over mega-IPO index inclusion is a reminder there is no such thing as ‘passive’ investing. (wsj.com)
Retirement plans
- Expanding access to retirement plans is a good thing. (semafor.com)
- The case against alternatives in 401(k) plans. (institutionalinvestor.com)
Companies
- The megacap companies shouldn’t be able to grow as fast as they are. (gettheleverage.com)
- Apple ($AAPL) is actually reducing capex. (sherwood.news)
- Everybody wants to build THE super-app. (spyglass.org)
- Elon loves related party transactions. (sherwood.news)
Berkshire Hathaway
- Berkshire Hathaway ($BRK.A) now holds nearly $400 billion in cash equivalents. (fortune.com)
- Don’t hold your breath waiting for a Berkshire Hathaway ($BRK.A) breakup. (cnbc.com)
- Berkshire Hathaway’s ($BRK.A) website is old school. Shareholders like it that way. (wsj.com)
- How Greg Abel did in charge of his first annual shareholder meeting. (barrons.com)
- Greg Abel is preaching patience. (ft.com)
The DOJ
- Experienced lawyers are fleeing the DOJ. (newrepublic.com)
- Hard to believe, but the DOJ is cutting even more legal corners. (theatlantic.com)
Voting
- Despite the actions of elected officials, voters don’t like gerrymandering. (theconversation.com)
- On the effective end of the Voting Rights Act. (theatlantic.com)
Fiscal policy
- The American tax base continues to shrink, as exemptions and carveouts expand. (theatlantic.com)
- Want to fix the structural deficit? Start with Social Security. (crr.bc.edu)
Spending
- Programs to reduce violent crime seem to have worked. Their funding is in peril. (nytimes.com)
- A look at how much the DHS spends on domestic surveillance. (wsj.com)
- How cuts to PEPFAR are showing up in parts of Zambia. (nytimes.com)
Iran
- How long can Trump sit on his hands in Iran? (danieldrezner.substack.com)
- Iran nor the U.S. think they have lost the war. (theatlantic.com)
The Fed
- Why a change in leadership at the Fed matters less than you think. (ritholtz.com)
- Why Jerome Powell felt compelled to stay on at the Federal Reserve. (wsj.com)
Economy
- When, or if, higher oil (and gasoline) prices will affect the economy? (awealthofcommonsense.com)
- Where AI is spurring business formation. (apollo.com)
- Five lessons from “Planet Money: A Guide to the Economic Forces That Shape Your Life” by Alex Mayyasi. (nextbigideaclub.com)
- The economic schedule for the coming week. (economicweekly.substack.com)
Earlier on Abnormal Returns
- What everyone clicked on this week on Abnormal Returns. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Life is existential uncertainty. Make sure you enjoy it while you can. (abnormalreturns.com)
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
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