Friday links: an unusual market
Tadas Viskanta
Abnormal Returns
7 months ago
2 MIN READ
Finance
- Investing app gamification can be used for good or evil. (morningstar.com)
- Where are we in the private credit cycle? (finhistory.substack.com)
Endowment funds
- Why some endowment funds are running into liquidity issues. (caia.org)
- The motivations behind Yale endowment’s new Prospect Fellowship program. (capitalallocators.com)
- Freddie deBoer, “The trouble is that there hasn’t been a new Google or Facebook since Google and Facebook.” (freddiedeboer.substack.com)
- Waymo just raised a $5.6 billion round of capital. (axios.com)
Global
- Every country does industrial policy, the question is whether they do it well. (scottsumner.substack.com)
- Chinese citizens keep trying to get their capital abroad. (wsj.com)
Immigration
- There is a reason why so many migrants want to come to the U.S. (politico.com)
- We likely underestimate the impact of immigrants on the American economy. (theconversation.com)
- The immigrant owner of Twitter tweets a lot about his anti-immigration views. (bloomberg.com)
Meat
Sports
- In a lot of places you now need an antenna to watch your local team. (axios.com)
- Nobody really knows how much NIL money is in the system. (washingtonpost.com)
- How NFL team owners are profiting from the Eras Tour. (defector.com)
Earlier on Abnormal Returns
- Podcast links: the podcast election. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: a bedtime story for capitalists. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
Mixed media
- Daniel Drezner, “So two billionaires — some of the wealthiest, most powerful people in America — are keeping their support of Kamala Harris on the down-low because they fear Donald Trump’s retribution should he take power.” (danieldrezner.substack.com)
- Matthew Yglesias, “The gap between Trump and a replacement-level Republican Party politician is much larger than the gap between Harris and a replacement-level Democrat.” (slowboring.com)
- Adam Grant, “The most important question about presidential candidates is not what success they’ve achieved in the private sector. It’s what principles they uphold as public servants.” (adamgrant.substack.com)
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