Sunday links: inevitable unpredictability
Tadas Viskanta
Abnormal Returns
20 hours ago
3 MIN READ
Markets
- Andrew Ross Sorkin, “Risk and reward are closely tied. So are speculation and disappointment. You don’t get one without the other.” (nytimes.com)
- The degenerate economy has entered ‘ludicrous mode.’ (forbes.com)
Strategy
- What to do, or not, if you think the stock market is overvalued. (humbledollar.com)
- The 10 best investment books of the year per Stock Trader’s Almanac including “How NOT to Invest” by Barry Ritholtz. (ritholtz.com)
Retail trading
- How Robinhood ($HOOD) has built on its early strengths to build a more diversified entity. (bloomberg.com)
- How the big brokers are trying to attract the most active retail traders. (barrons.com)
- How the world of retail trading has evolved over the past couple of decades. (howardlindzon.com)
Prediction markets
- Kalshi avoids the costs of geolocation. (sportico.com)
- The CME ($CME) is planning contracts tied to sports games and economic indicators. (bloomberg.com)
- How Kalshi plans to go global. (sportico.com)
Venture capital
- The case for ignoring startup valuations, except in these four cases. (hunterwalk.com)
- Ben Carlson and Michael Batnick talk with Dave Thornton from Vested about financing employee options exercise. (awealthofcommonsense.com)
- Barry Ritholtz talks with Henry Ward, Chief Executive Officer at Carta. (ritholtz.com)
- Momentum is not a moat. (investing101.substack.com)
Trump
- How supporters of the President have benefited financially in his second term. (ft.com)
- The Trump Organization’s partners in India have a sketchy past. (wsj.com)
ICE
- Secretary of State Rubio agreed to betray informants to gain access to El Savador prisons. (wapo.st)
- ICE has illegally detained hundreds of American citizens. (propublica.org)
Policy
- Even before Trump, the federal government was facing the loss of experienced workers via retirement. (washingtonpost.com)
- The Coast Guard is planning to spend $172 million for two new business jets for the use of the Secretary of DHS. (nytimes.com)
- Americans are losing visa reciprocity. (danieldrezner.substack.com)
Argentina
- There’s little reason to believe this bailout for Argentina will end better than all the previous ones. (bloomberg.com)
- Why the administration is pushing for aid to Argentina. (paulkrugman.substack.com)
- The Argentinian peso is up, for now. (econbrowser.com)
Economics
- Five lessons from this year’s Nobel Prize winners in Economics. (advisorperspectives.com)
- Research indicates right-wing populism is bad for an economy. (mainlymacro.blogspot.com)
Economy
- Just how much is AI holding up the American economy? (ft.com)
- Tech jobs are leaving California. (apricitas.io)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- Celebrating our 20th blogiversary. (abnormalreturns.com)
- The upside to not being stupid. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Don’t miss out! Sign up for daily e-mail newsletter. (abnormalreturns.com)
Mixed media
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