Transport Why have U.S. pedestrian deaths risen 80% since 2009? (construction-physics.com) Like a miracle drug, self-driving cars will save lives. (derekthompson.org) This ghost town in China is a hub for testing autonomous trucks. (restofworld.org)...

Markets What would it take to see a reversal in U.S. stock market concentration? (awealthofcommonsense.com) The U.S. accounts for 20 of the 25 largest companies in the world, by market cap. (sherwood.news) Prediction markets Kalshi just raised a big new...

Economy Sean Illing talks solar power and climate with Bill McKibben, author of “Here Comes the Sun.” (podcasts.apple.com) Joe Weisenthal and Tracy Alloway talk with John Ganz, author of “When the Clock Broke: Con Men, Conspiracists, and...

Private assets How worried should investors be about crowding in the private credit market? (morningstar.com) Will standard disclosures be enough for first-time investors in private assets? (institutionalinvestor.com) ETFs The Vanguard S&P 500 ETF...

Books Insights from “Enshittification: Why Everything Suddenly Got Worse and What to Do About It” by Cory Doctorow. (prospect.org) A Q&A with Carl Bendikt Frey, author of “How Progress Ends: Technology, Innovation, and the Fate...

Gold Is the gold trade about eroding trust in the U.S.? (axios.com) What pundits are saying about the big gold rally. (ft.com) Is there a message in gold’s rally? (paulkrugman.substack.com) Strategy The best investors stay in the...

The Art of Spending Money Steven Bartlett talks with Morgan Housel, author of “The Art of Spending Money.” (youtube.com) Meb Faber talks with Morgan Housel, author of “The Art of Spending Money.” (podcasts.apple.com) Derek...

Markets Gold is not a risk-free asset. (bloomberg.com) Call buying is off the charts. (moontower.substack.com) Finance Have we reached peak proprietary trading? (on.ft.com) Intercontinental Exchange ($ICE) is taking a big stake in Polymarket....

Round-ups A round-up of recent academic research including ‘Equal-Weighting: The Contrarian Trading View.’ (alphainacademia.substack.com) A round-up or recent research including ‘Expected Stock Returns in Bullish...

Markets Gold is on its way to its best annual performance since 1979. (ft.com) Why pod shops have jumped into the commodities business. (rupakghose.substack.com) Strategy Seasonality is irrelevant for most investors. (optimisticallie.com) Don’t get...