Tuesday links: the same buggy software
Tadas Viskanta
Abnormal Returns
20 hours ago
3 MIN READ
Strategy
- Recognize that you are not built to be a great investor. (humbledollar.com)
- The sell is as important as the buy. (klementoninvesting.substack.com)
Deals
- Bill Ackman wants to buy Universal Music Group ($UMG). (cnbc.com)
- Paramount’s ($PSKY) bid for Warner Bros. is dependent on Gulf sovereign wealth funds. (wsj.com)
- Why aren’t private equity firms doing more company IPOs? (pitchbook.com)
- The big banks are pushovers for Musk. (ft.com)
Private assets
- Josh Brown talks with Nick Nemeth, writer of the Mispriced Assets blog, about the risks of private credit on insurance company balance sheets. (youtube.com)
- Opportunistic credit is gearing up to dig through distressed private credit. (fa-mag.com)
ETFs
- Leveraged ETFs are a double-edge sword. (optimisticallie.com)
- The new Roundhill Memory ETF ($DRAM) has a great ticker symbol. (etf.com)
- Now State Street ($STT) is jumping into the Nasdaq 100-tracking ETF game. (fa-mag.com)
AI
- AI is going to increase frictions, not reduce them. (educatedguesser.substack.com)
- PE is now pushing AI onto their portfolio companies. (wsj.com)
- Companies are asking what to do with all that AI-generated code? (nytimes.com)
- Some older workers see the AI writing on the wall. (wsj.com)
OpenAI
- It’s evident OpenAI is nervous about public opinion. (arstechnica.com)
- OpenAI’s purchase of TBPN really makes no sense. (garbageday.email)
- Alex Kantrowitz talks with OpenAI President Greg Brockman. (bigtechnology.com)
Prediction markets
- Why the definition of a ‘swap’ matters. (dopaminemarkets.com)
- Prediction market tax treatment is not locked down. (wired.com)
- How prediction markets are like the old bucket shops. (barrons.com)
Kalshi
- Fox Corp. ($FOX) is going to start integrating Kalshi data. (theblock.co)
- Kalshi picked up a legal win in New Jersey. (nypost.com)
- Kalshi’s CEO thinks ‘bad actors’ on the platform will eventually be prosecuted. (axios.com)
Real estate
- Jamie Dimon and JP Morgan Chase ($JPM) love tall buildings – London edition. (ft.com)
- Downtown office buildings around the country are changing hands for cents on the dollar. (wsj.com)
Hungary
- MAGA is all-in on Orban’s re-election. (axios.com)
- So is Russia. (nytimes.com)
- A look at how right wing influencers have taken over Elon-owned Twitter. (natesilver.net)
Earlier on Abnormal Returns
- Research links: the economics of financial economics. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: convinced clients. (abnormalreturns.com)
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Mixed media
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