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Tuesday links: stretching your brand

Strategy

  • There is no one perfect way to invest. (awealthofcommonsense.com)
  • There is no obligation to performance chase. (behaviouralinvestment.com)
  • The case for investing in family-led companies. (mastersinvest.com)

IPOs

  • How the IPO market stacks up in 2026. (ft.com)
  • How the mega-IPOs will change the stock market. (morningstar.com)
  • Convertible bond issuance is booming. (ft.com)

ETFs

  • Index fund providers are no longer neutral players. (philbak.substack.com)
  • A closer look at the Calamos US Equity Autocallable Income ETF ($CAIE). (larryswedroe.substack.com)

Berkshire Hathaway

  • Berkshire Hathaway ($BRK.A) has doubled down on the housing market. (wsj.com)
  • Why Berkshire Hathaway ($BRK.A) bought a big stake in Google ($GOOGL). (barrons.com)

Companies

  • These CEOs earned some unusual 'additional compensation' in 2025. (ft.com)
  • Salesforce ($CRM) has a stake in Anthropic worth about $5 billion. (bloomberg.com)

VCs

  • AI is killing startups founded before ChatGPT. (cnbc.com)
  • Defense tech investment has surged. (news.crunchbase.com)
  • For VCs biotech is the anti-AI. (pitchbook.com)

Economy

  • Business formation keeps ticking higher. (apollo.com)
  • One in four American workers is now older than 55. (axios.com)
  • Why isn't oil more expensive? (semafor.com)

Earlier on Abnormal Returns

  • Research links: bored overtraders. (abnormalreturns.com)
  • Saying no to algorithmic slop. (abnormalreturns.com)
  • What you missed in our Monday linkfest. (abnormalreturns.com)
  • Adviser links: inordinate time. (abnormalreturns.com)
  • Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Mixed media

  • Tim Ferriss, "People can love or hate what you’re creating, but you don’t want to land in the mild middle." (tim.blog)
  • How far can you stretch your brand? (altgoesmainstream.substack.com)
  • What is a 'dickover'? (daringfireball.net)