Factors The value premium is better found overseas. (mailchi.mp) Under what conditions do low-beta stocks stop working? (klementoninvesting.substack.com) Alternatives A look at the performance characteristics of music royalties. (papers.ssrn.com)...

Markets There is plenty of dispersion in S&P 500 stocks this year-to-date. (axios.com) IPOs Owen Lamont, “Stock market bubbles are often heralded by specific IPOs which mark their beginning and not necessarily their end.”...

Podcasts Josh Brown and Michael Batnick talk with Rick Wurster, CEO of Charles Schwab ($SCHW). (youtube.com) Meb Faber talks with Wes Gray, Co-CIO of Alpha Architect, and Brent Sullivan, Editor of Tax Alpha Insider, about the search for tax...

Markets If you’re not confused right now, you’re doing it wrong. (howardlindzon.com) Degens are now trading perpetual oil futures 24/7. (wsj.com) Strategy There’s no investing without some anxiety. (tker.co) Sean McLaughlin,...

Also on the site The 2026 UBS Global Investment Returns Yearbook is here! (abnormalreturns.com) Are you a financial advisor? Every Friday we send a (free) advisor-focused newsletter. (newsletter.abnormalreturns.com) Don’t miss a thing! Sign up for...

AVs Google ($GOOGL) is tying part of Sundar Pinchai’s pay to Waymo. (sherwood.news) Amazon’s ($AMZN) Zoox will test its robotaxis in Dallas and Phoenix. (engadget.com) Zoox plans to make its robotaxis available on the Uber ($UBER) app in Las Vegas...

Retail trading Five minute bets on crypto? Sure, why not? (ft.com) Are retail traders finally pulling back? (sherwood.news) Finance Nasdaq ($NDAQ) is bending over backwards to accommodate SpaceX. (wsj.com) SPVs are booming. Not all of them have clear title...

Economics Cardiff Garcia talks with Stefanie Stantcheva about a paper she co-authored, “Zero-Sum Thinking and the Roots of US Political Differences.” (podcasts.apple.com) Larry Kotlikoff in a wide-ranging economics talk with Prof. Gregory...

Companies Apple ($AAPL) now makes about 25% of iPhones in India. (asymco.com) The LiveNation ($LYV) deal will do nothing to bring down ticket prices. (boondoggle.substack.com) Why are people so freaked out about institutional ownership of single family...

Books An excerpt from “After Covid: The Health Impacts That Will Last Generations” by Jason Gale. (bloomberg.com) David Epstein talks with Olga Khazan, author of “Me, But Better: The Science and Promise of Personality...