Markets The Mag 7 is underperorming YTD. (awealthofcommonsense.com) Small caps are not. (wsj.com) Finance Why dividend investing is dead. (flyoverstocks.com) Robinhood ($HOOD) defined Brokerage 1.0. ‘Brokerage 2.0’ is already...

Podcasts Peter Lazaroff talks with Haley Sacks, author of “Future Rich Person.” (peterlazaroff.com) Christine Benz and Amy Arnott talk with Cody Garrett and Sean Mullaney co-authors of a new book “Tax Planning To and Through...

Quant stuff A round up of recent white papers including ‘The Spectrum of Infrastructure Assets’ (bpsandpieces.com) LLMs are still hallucinating non-existent economics papers. (papers.ssrn.com) How asset managers are deploying AI....

Markets Real yields are at multi-decade highs. (axios.com) Equities now make up a record percentage of U.S. household wealth. (bloomberg.com) Finance Passive investing killed the mediocre fund manager. (ft.com) When it comes to private credit allocations,...

Quant stuff A round-up of recent academic research papers including ‘Momentum Factor or Factor Momentum in REIT Market?’ (alphainacademia.substack.com) Asset managers need to decide what AI is good for, and what it is not....

Markets You can’t rely on any single indicator. (tker.co) Why interest rates are rising. (disciplinefunds.com) Crypto Pump.fun is the face of the memecoin business. (wired.com) Speaking of memecoins, Trump is pumping his own. (theblock.co)...

Strategy Even when you are ‘doing nothing’ when investing you are ‘doing something.’ (behaviouralinvestment.com) Most of the time the stock market goes up. (awealthofcommonsense.com) Companies Is OpenAI still on track to go public...

Markets Most of the time we don’t know the reason for a stock’s move until after the fact. (downtownjoshbrown.com) The bond market is chugging along in 2025. (wsj.com) Berkshire Hathaway A Buffett-less Berkshire Hathaway ($BRK.A) is now a...

Markets The Trump trades are already played out. (sherwood.news) Stocks aren’t cheap. (sherwood.news) Finance Is tokenization the future of asset management? (sherwood.news) Goldman Sachs ($GS) is the perfect Trump administration stock. (wsj.com)...

Finance Battery maker CATL is now public. (semafor.com) The SEC is losing staff and its willingness to enforce rules. (on.ft.com) Fund management Timing the market is hard: the case of the Pacer Trendpilot US Large Cap ETF ($PTLC). (morningstar.com)...