Markets
- A look at forward P/E ratios. (econbrowser.com)
- The flight-to-safety trade hasn't worked in March. (axios.com)
Prediction markets
- Don't hold your breath that anyone will be held accountable for recent insider trading. (newyorker.com)
- What if prediction markets had existed before D-Day? (spencerjakab.substack.com)
Private credit
- How private credit industry got here. (giftarticle.ft.com)
- For private credit funds, how you define software matters. (wsj.com)
Finance
- PE continuation vehicles were once a stopgap. Now they are mainstream. (cashandcarried.substack.com)
- Do retail investors care about tokenization? (observer.com)
SpaceX
- How the SpaceX IPO is different. (axios.com)
- SpaceX is betting on retail investor participation. (cnbc.com)
Technology
- The Neo is a huge hit, for good reason. (pogueman.substack.com)
- Paid Claude users are soaring. (techcrunch.com)
- RIP, Sora. (wsj.com)
Business
- Last Vegas' economy is struggling. (nytimes.com)
- Cold-storage vacancy rates are on the rise. (wsj.com)
Iran
- War with Iran is increasingly looking like a long-term proposition. (danieldrezner.substack.com)
- We don't really know how the war in Iran is going. (theomission26.substack.com)
- Why cultural knowledge of your enemy matters. (nytimes.com)
Earlier on Abnormal Returns
- Adviser links: gifting business interests. (abnormalreturns.com)
- Making peace with your inner critic. (abnormalreturns.com)
- Friction rules the world around us. (abnormalreturns.com)
- A repudiation of its values. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on Abnormal Returns. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)