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Thursday links: too busy living

Degens

  • Is degen behavior becoming embedded and normalized? (fa-mag.com)
  • Strategy ($MSTR) has a Stretch ($STRC) problem. (ft.com)

Strategy

  • Baby Boomers aren't going to crash the stock market. (awealthofcommonsense.com)
  • Rules of thumb work until they don't. (novelinvestor.com)

ETFs

  • There's nothing passive about passive investing. (advisorperspectives.com)
  • Index methodologies matter. (etf.com)

Prediction markets

  • CME Group ($CME) is suing the CFTC to stop perpetual futures. (theblock.co)
  • What is the best way to police prediction markets? (advisorperspectives.com)

Apple

  • An Intel ($INTC)-Apple ($AAPL) chip making deal seems legit. (sherwood.news)
  • Higher memory prices means Apple ($AAPL) is going to have to raises prices. (asymco.com)

Companies

  • At this point, what's the purpose of Berkshire Hathaway ($BRK.A)? (ft.com)
  • Tyler Cowen talks with Dave Baszucki who is co-founder and CEO of Roblox ($RBLX). (conversationswithtyler.com)
  • While everyone is focused on AI model companies, Databricks is growing rapidly. (tomtunguz.com)

Data centers

  • How a pause on new data centers could affect AI companies. (axios.com)
  • Unlike other facilities, data center noise is 24/7. (nytimes.com)
  • The data center panic is overblown. (theatlantic.com)

Global

  • Taiwan is teaching citizens to pilot drones. (theguardian.com)
  • Viktor Orban's media empire has effectively collapsed. (reuters.com)
  • The PDVSA is still in charge of Venezuela's oil. (newyorker.com)

The Fed

  • The 2-year Treasury and inflation swaps are going in different directions. (ft.com)
  • A look at the first Kevin Warsh FOMC meeting. (newsletter.platypuseconomics.com)
  • The Kevin Warsh Fed is going to tight-lipped. (axios.com)

Earlier on Abnormal Returns

  • Longform links: unsafe and insecure. (abnormalreturns.com)
  • What you missed in our Wednesday linkfest. (abnormalreturns.com)
  • Personal finance links: the point of money. (abnormalreturns.com)
  • Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Mixed media

  • The best business books this summer including "Incorruptible: Why Good Companies Go Bad . . . and How Great Companies Stay Great" by Eric Ries. (ft.com)
  • The best economics books this summer including "Recession: The Real Reasons Economies Shrink and What to Do About" It by Tyler Goodspeed. (ft.com)