Tuesday links: a higher level of investing
Tadas Viskanta
Abnormal Returns
1 day ago
2 MIN READ
Strategy
- Joe Wiggins, “Availability [bias] isn’t generally about imaginary risks; it is about real risks being overstated because of how aware of them we are.” (behaviouralinvestment.com)
- Investors are like moths to a flame when it comes to complexity. (moneychangeseverything.substack.com)
- The best investors put their clients first. (roberthuebscher.substack.com)
Private assets
- How Cliffwater is dealing with the private credit frenzy. (bloomberg.com)
- Another private credit fund is having to cap investor withdrawals. (ft.com)
- When your hurdle rate for incentive fees is on income, not total return… (thealtview.substack.com)
Trading
- The NYSE is joining with Securitize to develop a tokenized securities trading platform. (wsj.com)
- Trading on government secrets is really, really bad. (paulkrugman.substack.com)
Prediction markets
- Kalshi is going to ban block athletes and political candidates from trading. (axios.com)
- Kalshi is making it easier for institutions to trade on the platform. (barrons.com)
- Kalshi and Polymarket are trying hard to preempt additional regulation. (theblock.co)
Work
- College-educated workers are saying the jobs market sucks. (axios.com)
- The struggle for new college graduates is real. (nytimes.com)
- Allison Schrager, “If you think the world is changing so fast that almost anything goes, then you may decide that you have no choice but to try to get in on the next big thing and hope for the best.” (advisorperspectives.com)
Economy
- The Fed can’t do much about an oil shock. (macroeconomicpolicynexus.substack.com)
- The bond market is no longer betting on Fed rate cuts. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Research links: not the same thing. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: simple and strategic reflection. (abnormalreturns.com)
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Mixed media
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