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Wednesday links: a road to failure

Strategy

  • Most stocks aren't worth owning. (morningstar.com)
  • How allocators should think about AI. (capitalallocators.com)

Fund management

  • The fund management business continues to concentrate assets in the top firms. (pionline.com)
  • Why the alternatives industry is so interested in allocations into target date funds. (thealtview.substack.com)

Frozen yogurt

  • Frozen yogurt is seeing (another) comeback. (financialpost.com)
  • Why are you standing in line for frozen yogurt? (yourbrainonmoney.substack.com)

Iran

  • The official release of the MOU reached with Iran. (cnn.com)
  • It's hard to characterize the Iran war as anything but a loss. (theatlantic.com)
  • How Iran won the war. (noahpinion.blog)

Economy

  • The Treasury is increasingly dependent on T-bill issuance. (apollo.com)
  • Farm bankruptcies are on the rise. (bloomberg.com)

Earlier on Abnormal Returns

  • Personal finance links: the point of money. (abnormalreturns.com)
  • What you missed in our Tuesday linkfest. (abnormalreturns.com)
  • Research links: distinct economic forces. (abnormalreturns.com)
  • Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Mixed media

  • Albanians want no part of the Jared Kushner-backed resort. (npr.org)
  • Americans recognize that billionaires have too much power. (yougov.com)
  • We're living in a new Gilded Age, but few seems to care. (paulkrugman.substack.com)