Wednesday links: fighting financial nihilism
Tadas Viskanta
Abnormal Returns
18 hours ago
2 MIN READ
Strategy
- Why doomsayers are more wrong than not. (awealthofcommonsense.com)
- Why the promise of emerging markets has fallen short. (morningstar.com)
- Small traders on Polymarkets are net-net money losers. (bloomberg.com)
Companies
- The audio business needs to consolidate. (axios.com)
- Some real doozies from this year’s round of proxies. (ft.com)
- The elevator business is consolidating. (cnbc.com)
AI
- Bright Simons, “The AI industry is telling a story about the future of work that goes roughly like this: automate what can be automated, augment what remains, and trust that the productivity gains will compound into a wealthier, more efficient world.” (theideasletter.org)
- Google and Meta are using AI to drive their advertising businesses to new heights. (nytimes.com)
- AI companies are pushing hard to build data centers. Opponents are trying to slow things down. (arstechnica.com)
- AI resentment is growing. (axios.com)
Health
- How Amazon ($AMZN) really wants you to be your pharmacy. (sherwood.news)
- Europe has authorized for use Moderna’s ($MRNA) combination flu-Covid vaccine. (arstechnica.com)
- Eli Lilly ($LLY) is buying another startup, Ajax Therapeutics. (biopharmadive.com)
Defense
- What lessons Europe can learn from Ukraine. (wapo.st)
- How is the U.S. running low on munitions? (theconversation.com)
- Germany’s defense sending is set to surge. (ft.com)
- Killer robots are already here. (theconversation.com)
Economy
- Why isn’t a weak housing market more of a drag on the economy? (bonddad.blogspot.com)
- Amy Arnott and Ben Johnson talk the Fed and more with Claudia Sahm. (morningstar.com)
- Lower capital gains taxes aren’t going to do anything for affordability. (fa-mag.com)
Earlier on Abnormal Returns
- Personal finance links: the full cost of college. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: data exploration. (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)
Mixed media
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