Markets How major asset classes performed in August 2025. (capitalspectator.com) A look at the performance of European equities YTD. (mailchi.mp) Private assets The venture capital market is working through its overvaluation...

Quant stuff Some recent academic research including ‘Cross-Sectional Spillovers of Earnings Surprises and Asset Price Anomalies.’ (alphainacademia.substack.com) A round-up of recent white papers including ‘The Next Frontier in Private...

Markets The S&P 500 returned 2.03% in August 2025. (on.spdji.com) Retail investors are flexing their collective muscles. (wsj.com) Some performance charts that might surprise you. (awealthofcommonsense.com) Fund management Big fund inflows...

Podcasts Josh Brown talks with Kevin Thompson of 9i Capital Group about how to best train young advisers. (youtube.com) Brendan Frazier talks with Shannon Harris, Managing Partner and an advisor at Ecclesiastes Wealth Partners, about values based...

Private assets Even the best endowment managers are seeing disappointing private equity performance. (wsj.com) The track record of sovereign wealth funds isn’t great. (barrons.com) Wealthy investors are pouring money into private credit....

Also on the site 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 advisor-focused newsletter. (newsletter.abnormalreturns.com) Top clicks this week Two...

Autos Car buyers are increasingly choosing seven-year car loans. (fa-mag.com) Mainline automakers are struggling to ship software. (ft.com) Why auto production lines can’t be fully automated. (wsj.com) EVs EV charging networks have expanded more...

Markets The S&P 500 wasn’t always 500 stocks. (awealthofcommonsense.com) The history of the government investing in private companies is not great. (wsj.com) Why Mr. Market can’t price what isn’t knowable. (ritholtz.com) Bull...

Listening Spotify ($SPOT) is adding DMs. (theverge.com) Narrative podcasts have been eclipsed in popular culture. (rollingstone.com) Apple ($AAPL) is going to offer up its music stations outside of its ecosystem. (wsj.com) A Q&A with David Senra, host...

Markets Why is the bond market so chill? (axios.com) The stock buyback boom is real. (finance.yahoo.com) On the growing concentration in the S&P 500. (novelinvestor.com) ETFs Why bond indexing is more challenging than equities....