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...

Markets What happens if the stock market drops 30%? (awealthofcommonsense.com) Materials stocks have gone nowhere for three years now. (trendlabs.com) Gold has put Bitcoin to shame this year. (blockworks.co) The case against a stock market...

Behind the scenes David Senra talks with Patrick O’Shaughnessy of Invest Like the Best fame. (podcasts.apple.com) Cameron Passmore and Benjamin Felix talk about how the Rational Remind podcast is made. (rationalreminder.libsyn.com) Some podcasting...

Investing Which genius from history would have been the best investor? (ft.com) Seth Klarman looks at Warren Buffett’s long career. (theatlantic.com) Health Dhruv Khullar, “Medicine is undergoing a kind of unbundling.” (newyorker.com) In...

Markets It’s hard not to get nervous looking at tech stock returns. (morningstar.com) Financial stocks are at an all-time high. (trendlabs.com) A closer look at tech sector valuations. (chartkidmatt.com) Finance Liz Hoffman, “AI may be...

Podcasts Jim Dahle talks with William Bernstein about what it really means to “stop playing when you win the game.” (whitecoatinvestor.com) Steve Chen talks with Paula Pant, founder of Afford Anything. (podcasts.apple.com) Books Ben’s favorite...

Markets More signs of a risk-on market. (trendlabs.com) Five key investing themes from Warren Buffett’s early letters including ‘Good investment ideas are rare.’ (morningstar.com) Crypto JP Morgan Chase ($JPM) is planning a push deeper...

Private equity Toby Nangle, “Chucking lags into the data doesn’t change the actual investment returns received by the investor. Now that would be real magic. But it does have the effect of ironing out the bumps.” (ft.com) There’s plenty...