Books An excerpt from “The Making of a Permabear: The Perils of Long-term Investing in a Short-Term World” by Jeremy Grantham with Edward Chancellor. (barrons.com) An excerpt from “Quiet Brilliance: What Employers Miss About Neurodivergent...

Markets Long Western Digital ($WDC), short TradeDesk ($TTD) was the trade of the year. (barrons.com) The VIX is ending the year near its lows. (vixology.substack.com) A barbell in stock performance in 2025. (chartkidmatt.com) Finance The Korea Exchange has...

Podcasts Thomas Kopelman talks with Cody Garrett about how to effectively manage your lifetime taxes. (podcasts.apple.com) Dan Harris talks with Mia Birdsong, author of “How We Show Up: Reclaiming Family, Friendship, and...

Markets The stock market rarely experiences an average return. (fortunesandfrictions.com) When you invest matters more than what you invest in. (ofdollarsanddata.com) AI How Apple ($AAPL) differs from its Mag 7 brethren. (sherwood.news) Why Meta...

Round-ups A round-up of recent research including ‘Contemporaneous Causality between Global Stock Markets.’ (alphainacademia.substack.com) A round-up of recent research including ‘Volatile Rates, Fragile Growth: Global Financial Risk...

Finance These were the most visited ticker pages on StockTwits in 2025. (stocktwits.com) Options volume continued to rise in 2025. (sherwood.news) 2025 was a big year for dealmaking. (axios.com) Technology SoftBank is buying data center investment...

Podcasts Ben Carlson talks with Stefan Sharkansky, author of the new research paper “The Only Other Spending Rule Article You Will Ever Need.” (youtube.com) Dave Nadig talks with Zach Conway, Founder and CEO of Seeds. (etf.com) Advisers Family offices...

Markets Take a look at the (outstanding) performance of the S&P 500 since 2019. (awealthofcommonsense.com) The Dow is at an all-time high. (trendlabs.com) So is gold. (sherwood.news) Strategy New stuff happens on Wall Street all the...

Stay in touch Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) Are you a financial advisor? Every Friday we send a (free) advisor-focused newsletter. (newsletter.abnormalreturns.com) Top clicks this week What happens...

Ford The Ford ($F) F-150 didn’t fail because it was a bad vehicle. (wsj.com) Ford ($F) wants to get into home battery storage. (canarymedia.com) Autos Tesla ($TSLA) sales fell 40% in Europe in 2025 (through November). (sherwood.news) How...