Markets U.S. stock market outperformance over time has been driven by companies located on the Pacific Coast. (morningstar.com) Despite a spate of new IPOs, the number of publicly traded companies continue to fall. (barrons.com) Defensive stocks trade at...

Books An excerpt from “When Everyone Knows That Everyone Knows…” by Steven Pinker. (behavioralscientist.org) A look at Cory Doctorow’s new book “Enshittification: Why Everything Suddenly Got Worse and What to Do About...

Markets The S&P 500 returned 3.65% in September 2025. (on.spdji.com) How major asset classes performed in September 2025. (capitalspectator.com) The tech sector, broadly defined, continues to take share. (entrylevel.topdowncharts.com) Strategy Why...

Podcasts Christine Benz and Amy Arnott talk retirement with Fritz Gilbert and Dana Anspach. (morningstar.com) Eric Balchunas and Joel Weber talk with Nick Maggiulli about his new book “The Wealth Ladder.” (bloomberg.com) Justin Carbonneau and...

Finance Wealthfront has filed to go public. (cnbc.com) Why OpenAI needs to raise so much capital. (ft.com) Data centers are increasingly funded by debt. (wsj.com) Sports gambling companies are increasingly at-risk from prediction markets. (sherwood.news)...

Quant stuff ‘A Century of Profitable Trends’ by Carlo Zarattini and Gary Antonacci is the winner of the 2025 Charles H. Dow Award. (cmtassociation.org) A round-up of recent academic research including ‘Bond-Stock...

Strategy How bear markets work. (awealthofcommonsense.com) Don’t let your ‘fun money’ trading account get too big. (novelinvestor.com) Companies Electronic-Arts ($EA) is going private. (theverge.com) How Intel ($INTC) went from a member...

Podcasts Michael Batnick talks with Justin Fitzpatrick, co-founder and chief innovation officer of Income Lab. (youtube.com) Thomas Kopelman talks with Zach Ashburn about transitioning from corporate life to entrepreneurship. (podcasts.apple.com) The...

Rates The yield curve is steepening. (morningstar.com) There’s not a lot of yield in high yield bonds. (apolloacademy.com) Markets If this is a stock market bubble, it’s one of the weirdest ones ever. (awealthofcommonsense.com) The stock market...

Also on the site With great gratitude, remembering Jonathan Clements. (abnormalreturns.com) Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) Are you a financial advisor? Sign up for our (free) weekly...