Friday links: shadow armies
Tadas Viskanta
Abnormal Returns
1 day ago
2 MIN READ
Finance
- Excerpts from Warren Buffett’s guest lecture, “What Every Lawyer Should Know About Business” at Stanford Law School. (kingswell.io)
- Stephen Witt’s “The Thinking Machine: Jensen Huang, Nvidia, and the World’s Most Coveted Microchip” won the 2025 Financial Times and Schroders Business Book of the Year Award. (ft.com)
- On the sad state of FinTwit. (finfluential.substack.com)
Fund management
- Target date funds are becoming more complex and opaque. (wsj.com)
- Why YieldStreet had to rebrand. (cnbc.com)
Netflix
- Netflix ($NFLX) is buying the Warner Bros. ($WBD) studios, post-spinoff. (variety.com)
- How is Netflix ($NFLX) going to handle theatrical releases? (hollywoodreporter.com)
- There is no shortage of opposition to the deal. (sherwood.news)
- Does the deal have an anti-trust problem? (deadline.com)
Apple
- Apple ($AAPL) is, for now, avoiding big AI capex. (barrons.com)
- Are Apple ($AAPL) alumni going to end up making an AI device? (bigtechnology.com)
AI
- AI slop has come to Reddit ($RDDT). (wired.com)
- Perplexity keeps getting sued for copyright infringement. (engadget.com)
- People are loading their medical histories into AI chatbots. (nytimes.com)
- How AI will upend the porn industry. (economist.com)
Restaurants
- What’s behind the pizza business downturn? (nytimes.com)
- America is burned out on slop bowls. (bloomberg.com)
- Chinese restaurant chains are headed to the U.S. (nytimes.com)
Economy
- Affordability as a political issue isn’t going anywhere. (paulkrugman.substack.com)
- The November jobs picture was weak but not disastrous. (axios.com)
- How political pressure on the Fed turns into higher inflation. (marginalrevolution.com)
Earlier on Abormal Returns
- Podcast links: the skill of joy. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: after the lights go out. (abnormalreturns.com)
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
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