Markets

• Energy stocks are at all-time highs. (trendlabs.com)
• A look at 2027 expected corporate earnings. (ft.com)

ETFs

• ETF fees are low, but could be lower. (wsj.com)
• Some people are confusing ETF distributions for returns. (fa-mag.com)
• The case for TIPS ladder ETFs. (barrons.com)

AI debt

• How much more AI debt can the market stomach? (axios.com)
• CDS rates on Corweave ($CRWV) debt has blown out. (axios.com)

AI talk

• Ezra Klein talks with Paul Kedrosky and Azeem Azhar about the AI boom. (podcasts.apple.com)
• Josh Brown and Michael Batnick talk with Steve Eisman about how how OpenAI and Anthropic became systemically important. (youtube.com)
• Tyler Cowen talks with Dwarkesh Patel about what we misunderstand about AI. (nytimes.com)

Apple

• Apple ($AAPL) has a pricing problem. (daringfireball.net)
• AI device makers are betting on unbundling the iPhone. (asymco.com)
• Signs that demand is high for the new iPhone Duo. (sixcolors.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Food

• How the car become our collective dining room. (nerd4cities.com)
• KFC is swapping Pepsi for Coke. (wsj.com)
• Even chefs love Taco Bell. (wsj.com)

Ukraine

• Russia is trying to make Kyiv unlivable. (nytimes.com)
• There are some things only the U.S. can provide Ukraine. (wsj.com)
• This Russian soldier turned against his country. (wsj.com)
• Why other countries may not want to rely on Starlink. (theatlantic.com)

Economy

• The case for another rate hike. (capitalspectator.com)
• Why inflation feels so bad right now. (econbrowser.com)
• Rising interest rates were not the proximate cause of the GFC. (ritholtz.com)

Earlier on Abnormal Returns

• What you missed in our Thursday linkfest. (abnormalreturns.com)
• Longform links: eroded capacities. (abnormalreturns.com)

Mixed media

• Younger Americans aren't changing jobs as much as they used to. (bloomberg.com)
• Too many people are working remotely from the office. (theatlantic.com)
• More of our jobs are in service of the wealthy. (theatlantic.com)

Markets

• The yield on the S&P 500 is now just a tick above 1.0%. (barrons.com)
• Why the spread on CoreWeave ($CRWV) bonds is soaring. (axios.com)

Exchanges

• The CBOE ($CBOE) is extending trading hours. (cnbc.com)
• How to perpetual futures on private companies work? (etf.com)

Private equity

• Blackstone ($BX) is all-in on AI. (finance.yahoo.com)
• Private equity fundraising is have a tough time. (wsj.com)

AI

• The AI labs have downgraded safety culture. (thezvi.substack.com)
• How self-replicating botnets could muck up the Internet. (theatlantic.com)
• In the future, AI will be integrated into everything. (kevinkelly.substack.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Global

• Why Ukraine needs to change tactics. (theatlantic.com)
• Russia is now testing European shipping. (wsj.com)
• Why the Houthis have ramped up their attacks on Saudi Arabia. (theconversation.com)
• Is China's population less than the official numbers? (marginalrevolution.com)

Economy

• The September PPI came in hot. (axios.com)
• Still no sign of pick up in initial jobless claims. (bonddad.blogspot.com)
• Prices are now rising faster than wages. (newsletter.platypuseconomics.com)
• The US economy is not immune from energy price volatility. (semafor.com)

Earlier on Abnormal Returns

• Longform links: eroded capacities. (abnormalreturns.com)
• What you missed in our Wednesday linkfest. (abnormalreturns.com)
• Personal finance links: maximizing your life. (abnormalreturns.com)

Mixed media

• Have we hit 'peak podcast'? Stephen Dubner on the business of podcasting. (freakonomics.com)
• Another example that the entertainment business is tough. (axios.com)
• YouTube wants to expand into audiobooks. (wsj.com)

Books

• David Epstein talks with Adam Grant, author of "Vibe: The Secret of Strong Connections in a Lonely World." (davidepstein.substack.com)
• Michael Easter talks with Lindsay Crouse author of "The Case for Quitting: The Surprising Benefits of Opting Out – Revolutionary Strategies for Personal Growth and Shifting Your Mindset." (twopct.com)
• An excerpt from "The New Dark Ages: The Death of Reading and the Dawn of the Post-Literate Society,” by James Marriott. (wapo.st)
• An excerpt from "Rules to Live By: How Extraordinary Lives Define What Really Matters" by Jimmy Chin. (outsideonline.com)

Technology

• Big chunks of the Internet rely on a few key people. (sheets.works)
• On the rise and fall of the plasma screen. (construction-physics.com)

Food

• What do farmed fish typically eat? (nytimes.com)
• How disruptions are affecting the global banana trade. (nytimes.com)

Longreads

• How hacked video cameras have become a tool of war. (wsj.com)
• Elected officials are increasingly coming under the threat of violence. (nytimes.com)
• How AI creates more work, not less. (youngmoney.co)
• Evidence that humans have been transforming the natural world for a long time. (newyorker.com)
• Dementia is not just one thing. (nytimes.com)
• Why Americans are coupling less. (derekthompson.org)
• We are de-skilling our bodies. (aeon.co)

Markets

• Chip stocks are off their highs. (axios.com)
• Options volume is back to Covid-era highs. (wsj.com)
• Concentration is not just a U.S. phenomenon. (mrzepczynski.blogspot.com)

Earnings

• Corporate profit margins are at record highs. (axios.com)
• This bull market is an earnings story. (chartkidmatt.com)

Strategy

• Given the run in equities, your portfolio may be out of balance. (awealthofcommonsense.com)
• By this measure, it's time to think about rotating into bonds. (mrzepczynski.blogspot.com)

Companies

• From one conglomerate to another. Berkshire Hathaway ($BRK.A) increases its stake in Bending Spoons ($BSP). (cnbc.com)
• Why Skydance ($SKYD) shares are down big. (variety.com)

Stay in touch

• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Confict

• When civilian airports become targets. (buttondown.com)
• Foreign workers are at risk at Russia's oil refineries. (nytimes.com)

Government spending

• How Denmark and Sweden are spending differently than neighbors. (wsj.com)
• How different governments spend money. (ft.com)
• Why are so many Brits on disability? (wsj.com)

AI

• The U.S. economy is betting big on AI. (klementoninvesting.substack.com)
• How would a tech bust affect the housing market? (conorsen.substack.com)
• AI investment is crowding out other stuff. (axios.com)

Work

• How companies can get outshone by a single employee. (gettheleverage.com)
• The Sunday scaries are a real thing. (wsj.com)
• How much confidence is too much? (tedlamade.substack.com)

Inflation

• The September CPI report was driven by higher energy prices. (bonddad.blogspot.com)
• The risk that inflation gets further embedded in the economy. (axios.com)

Earlier on Abnormal Returns

• Personal finance links: maximizing your life. (abnormalreturns.com)
• Research links: between now and the crash. (abnormalreturns.com)
• What you missed in our Monday linkfest. (abnormalreturns.com)
• Adviser links: success rates. (abnormalreturns.com)

Mixed media

• FIFA wants to dip into reserves for national governing body payments. (nytimes.com)
• FIFA pays rent for a largely unused office in Trump Tower. (nytimes.com)
• Why Gianni Infantino persists. (giftarticle.ft.com)

Podcasts

• Christine Benz and Amy Arnott talk with Erin Moriarity about bringing financial advice to middle class consumers. (morningstar.com)
• Jordan Grumet talks with Barry Ritholtz, author of "How Not to Invest: The Ideas, Numbers, and Behaviors That Destroy Wealth and How to Avoid Them." (earnandinvest.com)
• Mary Childs talks with Eric Zwick, co-author of "The Everywhere Millionaire: Who Is Really Rich in America and How They Got There." (youtube.com)

The Forever Paycheck

• A look at Jean Chatzky's new book "The Forever Paycheck: The New Retirement Strategy to Spend More, Worry Less, and Never Run Out of Money." (theretirementmanifesto.com)
• An excerpt from Jean Chatzky's new book "The Forever Paycheck: The New Retirement Strategy to Spend More, Worry Less, and Never Run Out of Money." (theatlantic.com)

Aging

• On the hidden costs of long term care. (earnandinvest.com)
• Social Security claiming is about more than math. (bestinterest.blog)
• The case for building muscle. (tonyisola.com)

Personal finance

• How to invest in muni bonds. (morningstar.com)
• There's never a bad time to review your financial plan. (ritholtz.com)
• No state income tax does not mean zero taxes. (moneychangeseverything.substack.com)
• Inherited money hits differently. (melizabethgeorge.substack.com)
• How to handle family finances when a spender and saver marry. (barrons.com)
• On the difference between hustle culture and persistence culture. (earnandinvest.com)
• Most things in life aren't urgent: why its okay to hit pause. (contessacapitaladvisors.com)
• Why do we want what we want? (meaningfulmoney.life)

AI

• How to integrate LLMs into your investment process. (rpc.cfainstitute.org)
• Is AI really going to make you a better trader? (advisorperspectives.com)
• AI bots are swarming FRED. (bloomberg.com)

Fixed income

• A historical look at the payoff to credit risk. (morningstar.com)
• There's very little spread between core bond manager performance. (apollo.com)
• How private credit funds can mark loans at very different valuations. (larryswedroe.substack.com)

Economics

• Why is elite economics becoming more narrow? (nber.org)
• Why 'shoot the moon' award packages are less impressive than they seem. (papers.ssrn.com)
• A look at Norway's experience with a wealth tax. (nber.org)
• Nationalizations don't work for anybody involved. (klementoninvesting.substack.com)

Research

• A look at equity returns, pre-CRSP. (papers.ssrn.com)
• How net stock issuance effects market returns. (fa-mag.com)
• Tail risk programs have a behavioral issue, not a financial one. (alphaarchitect.com)
• Carlo Zattarini talks with Gary Antonacci about the evolution of dual momentum models. (concretumgroup.substack.com)
• A round-up of recent academic research including 'Activeness in Passive Investing: Evidence from Japanese Index Funds.' (alphainacademia.com)

Strategy

• A sign that bonds could be in for a bounce. (trendlabs.com)
• Why investors are often fighting the last war. (safalniveshak.com)
• Five things that always make sense for your portfolio including 'Take out the trash.' (ritholtz.com)

Prediction markets

• Prediction markets are turning into another opportunity for people to bet on long shots. (awealthofcommonsense.com)
• Do we really want people betting on the outcome of court cases? (wsj.com)

Data centers

• Why the Firmus Grid IPO went off the rails. (ft.com)
• Not every news organization views the data center story the same. (semafor.com)
• A look at why Europe is lagging in the data center business. (apollo.com)
• Why data centers cost so much. (bloomberg.com)

AI

• On the state of coding in the age of AI. (theatlantic.com)
• Even book publishers can't stay away from AI. (wired.com)
• Why AI erodes our will to persist at hard tasks. (news.berkeley.edu)

Ukraine

• How Ukraine targets Russian oil refineries. (wapo.st)
• Why Ukraine is now targeting Russian data centers. (arstechnica.com)
• Those Russian data centers apparently drive a lot of Western-focused disinformation. (cmarmitage.substack.com)

Stay in touch

• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Economy

• Unclear communications is costly for the FOMC. (stayathomemacro.substack.com)
• A look at pricing power in the economy. (wsj.com)

Earlier on Abnormal Returns

• Adviser links: success rates. (abnormalreturns.com)
• What you missed in our Sunday linkfest. (abnormalreturns.com)
• Top clicks last week on Abnormal Returns. (abnormalreturns.com)

Mixed media

• X has been de-Muskified in the past year. (daringfireball.net)
• Why X hasn't died. (spyglass.org)

Podcasts

• Tim Maurer talks AI vs. EQ with George Kinder. (tim.signaturefd.com)
• Michael Batnick talks with Brent Sullivan about box spreads and 351 exchanges. (youtube.com)
• Brent Sullivan talks 351 exchanges with Bob Elwood and Ray Holst of Practus. (open.spotify.com)

Fidelity

• How many RIAs will Fidelity's decision affect? (thedailyupside.com)
• Schwab Advisor Services wants Fidelity castoffs. (riabiz.com)
• Betterment wants Fidelity custody castoffs. (fa-mag.com)
• Your custodian is a vendor, not a partner. (thinkadvisor.com)

Platforms

• What is driving growth at XY Planning? (riabiz.com)
• Why Charles Schwab ($SCHW) is selling Forge Global to Alto. (wealthmanagement.com)
• Altruist is adding donor-advised funds to its platform. (wealthmanagement.com)
• A round-up of recent advisortech news including 'Altruist launches AI financial planning agent.' (kitces.com)

Advisers

• What the SEC is looking at in RIA examinations. (fa-mag.com)
• What aspiring financial advisers think about AI. (thedailyupside.com)
• America's 401(k) plans are objectively getting better. (rpc.cfainstitute.org)
• How to think about clients that want a side DIY account. (thinkadvisor.com)
• Moving for lower taxes is a mug's game. (moneychangeseverything.substack.com)
• How to put more on your heirs' plates. (wealthmanagement.com)
• It may be time to prune your website. (housingwire.com)
• What an aging life care manager does. (nytimes.com)

Markets

• Rising margins are one reason why earnings are headed higher. (carsongroup.com)
• Why the stock market is not the economy. (tker.co)
• Market history only takes you so far. (humbledollar.com)

ETFs

• ETF M&A is running hot. (etf.com)
• What's the economic case for sports ETFs? (cnbc.com)
• Eric Balchunas and Joel Weber speak with Jeff Weniger of Corgi ETFs. (podcasts.apple.com)

AI

• Do AI labs have an economic moat? (morningstar.com)
• Just how big is Meta's ($META) Muse? (hntrbrk.com)
• AI seems to be having an impact on call center employment. (marginalrevolution.com)
• How the 'super intelligence' signalling got so stupid. (spyglass.org)
• James Pethokoukis talks AI with Ramez Naam. (thebulwark.com)

Tech

• This Fall, screens are filling up with tech-related stories. (axios.com)
• Why it takes four hours to tell the Elon Musk story. (nytimes.com)
• Just how much power is too much for today's tech leaders? (theatlantic.com)

Policy

• ICE is acting with impunity. (newyorker.com)
• Why do older lawmakers seem to hang onto office for so long? (theconversation.com)
• Historically, Presidents didn't name stuff for themselves. (npr.org)
• Meet the new White House Press Secretary. (thebulwark.com)

Stay in touch

• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Global

• What's going on with France? (paulkrugman.substack.com)
• Why the U.S. is throwing away a huge geopolitical advantage. (foreignaffairs.com)
• The Iran war has unleashed a raft of unintended consequences. (thebulwark.com)

Economy

• Who wins (and loses) from higher interest rates. (awealthofcommonsense.com)
• A look at the historical impact of immigration on US economic growth. (nber.org)
• The economic schedule for the coming week. (economicweekly.substack.com)

Earlier on Abnormal Returns

• Top clicks last week on the site. (abnormalreturns.com)
• What you missed in our Saturday linkfest. (abnormalreturns.com)

Mixed media

• How youth sports are squeezing Sunday services. (axios.com)
• Why hosting people at home went out of fashion. (theguardian.com)
• Fridays aren't what they used to be. (theatlantic.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Top clicks this week

1. TIPS increasingly look like competition to equities. (larrykotlikoff.substack.com)
2. The scale of the AI boom is hard to grasp. (awealthofcommonsense.com)
3. The new Apple ($AAPL) AirPods 5 are better than you think. (spyglass.org)
4. When, not if, bonds matter. (humbledollar.com)
5. A dozen reasons why rates are rising, including 'Long-term rate normalization.' (ritholtz.com)
6. Investors under the age of 40 have not really experienced a drawn out bear market. (blairbellecurve.com)
7. It's getting harder to ignore the wealth effect. (awealthofcommonsense.com)
8. Long term investors probably fear bear markets too much. (tker.co)
9. How much of the bond sell-off is technical in nature? (axios.com)
10. Do we need to worry about rising margin debt? (cnbc.com)

Autos

• Higher fuel prices are prompting Russian consumers to buy Chinese EVs. (nytimes.com)
• Hybrids are a hot commodity. (wired.com)

Energy

• How tandem solar panels work. (nytimes.com)
• Data center opponents are lumping in battery storage projects. (wapo.st)

Environment

• 2026 saw the hottest September on record in the U.S. (scientificamerican.com)
• Higher temperatures are putting ancient redwoods at risk. (vox.com)
• How technology can be used to fight wildfires. (motherjones.com)
• Why did all the fish die in this English lake? (theguardian.com)
• Natural doesn't always mean healthy. (wsj.com)

Pets

• Pet food companies are betting big on better tasting, more expensive, food. (nytimes.com)
• Cat ownership is catching up to dog ownership. (wapo.st)
• The pros and cons of sleeping with a dog. (nbcnews.com)

Fishing

• Catch-and-release still comes with costs to the fish. (vox.com)
• How a warming ocean is disrupting established food webs. (knowablemagazine.org)
• On the growing popularity of bass fishing. (nytimes.com)

Travel

• The airport lounge arms race is full on. (nytimes.com)
• Better wifi on planes mean more ways to annoy fellow pasengers. (wsj.com)
• The debate over what belongs in an airplane's medical kit. (msn.com)
• How airlines try to weed out unfit pilots. (ft.com)

AI

• OpenAI is solving math problems left and right. (wsj.com)
• Five insights from "The Eureka Machine: Why AI Is the Key to Unlocking a New Era of Scientific Discoveries" by Richard Socher. (nextbigideaclub.com)
• Why AI execs want you think everything happening is inevitable. (theatlantic.com)
• How to use AI to teach robots surgery. (nytimes.com)

Measles

• The Pennsylvania measles outbreak is now the largest the US has seen since 2000. (arstechnica.com)
• How hospitals are responding to the return of measles. (wired.com)

Medicine

• On the impact of private equity on the practice of primary care. (sensible-med.com)
• Drs. Jim Dahle and Jordan Grumet discuss the problems with the American health care system. (whitecoatinvestor.com)

Health

• A doctor on the use of GLP-1s. (sensible-med.com)
• Flu season seems to be kicking off early this year. (washingtonpost.com)
• Unfortunately, not all cystic fibrosis patients benefit from new therapies. (cnbc.com)
• Researchers are learning how to control HIV without drugs. (bloomberg.com)
• The CDC is closing overseas offices. (politico.com)

Fitness

• On the impact of exercise on cancer patient outcomes. (nytimes.com)
• Biological age estimates are not much better than astrology. (twopct.com)
• Biohacking has come for finance types. (bloomberg.com)

Drugs

• Nicotine is not some wonder drug. (wired.com)
• Research on what's the best way to quit cigarettes. (sciencedaily.com)
• How psychedelic mushrooms are being marketed. (aeon.co)

Protein

• A simple solution to getting more protein. (theatlantic.com)
• A look at our collective protein obsession. (ft.com)

Food

• Americans are losing faith in the food safety system. (axios.com)
• Grape growers are up against it: wine and juice sales are falling. (washingtonpost.com)
• Hungary's hold on the paprika market is in decline. (phys.org)
• The future of coffee pods. (thehustle.co)

Manchester City

• The Manchester City situation has international implications. (wsj.com)
• Pablo Torre talks with The Athletic's Adam Crafton about the far-reaching Manchester City scandal. (podcasts.apple.com)

Football

• RIP, Mike Ditka. (nytimes.com)
• CTE has been out of the headlines. Why it still matters. Pablo Torre talks with Chris Nowinski (podcasts.apple.com)

Children

• In many states starting a private school is surprisingly simple. (propublica.org)
• The contradictory arguments for school vouchers. (theatlantic.com)

Earlier on Abnormal Returns

• What you missed in our Friday linkfest. (abnormalreturns.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Mixed media

• Malaria is highly temperature dependent. (ourworldindata.org)
• Why data shows everything causes cancer. (flowingdata.com)
• Mt. Everest keeps getting more crowded. (visualcapitalist.com)

Finance

• Do we need to worry about rising margin debt? (cnbc.com)
• It's tough out there for aspiring hedge fund startups. (bloomberg.com)
• Just how big can tokenization get? (barrons.com)

Data centers

• How the CBOE's ($CBOE) trading floor will be turned into a data center. (bloomberg.com)
• How data center industry is trying to get back in the country's good graces. (slate.com)
• What the data center boom looks like from the sky. (nytimes.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Restaurants

• A Starbucks and Chipotle merger? Uh, okay. (barrons.com)
• When and how Chick-fil-A continues to expand. (cnbc.com)
• Once hot cookie franchise Crumbl is struggling. (restaurantbusinessonline.com)

Economy

• The U.S. economy is a big bet on AI. (scientificamerican.com)
• Not surprising, but older and wealthier Americans have been winners post-pandemic. (wsj.com)

Earlier on Abnormal Returns

• What you missed in our Thursday linkfest. (abnormalreturns.com)
• Longform links: controls and monitoring. (abnormalreturns.com)

Mixed media

• Trump Accounts were a good idea. They have already been co-opted. (thebulwark.com)
• What's preventing people from having more children? Money. (papers.ssrn.com)
• How families are getting priced out of playing baseball. (wsj.com)

Rates

• How much of the bond sell-off is technical in nature? (axios.com)
• The mortgage convexity unwind is likely played out. (ft.com)

Crypto

• Tokenized real world assets are coming. (citriniresearch.com)
• Securitize ($SECZ) has launched tokenized U.S. stocks on its platform (theblock.co)
• Why the crypto industry pushed so hard for the Clarity Act. (citationneeded.news)

Finance

• The prime brokerage business is booming. (ft.com)
• Roben Farzad talks with William Cohan, author of "Money to Burn: The Unvarnished Truth About Leon Black, Apollo, and the Rise of a New Wall Street." (podcasts.apple.com)

Credit

• The spread on SpaceX ($SPCX) CDS is rising. (ft.com)
• Some tentative signs of stress in the credit market. (trendlabs.com)
• Private credit has a valuation problem. (semafor.com)
• Liz Hoffman talks with the co-CEOs of Blue Owl ($OWL). (arstechnica.com)

Gambling

• Long-shot trades dominate trading on Kalshi and Polymarket. (bloomberg.com)
• The NFL thinks prediction market contracts should be state regulated. (frontofficesports.com)
• Why haven't faith leaders spoken out against online gambling? (theatlantic.com)
• For young men, what problem is gambling trying to solve? (meghaanlurtz.substack.com)

AI

• How Anthropic does not control its own destiny. (polymathinvestor.com)
• AI spending really is crowding out other stuff. (ft.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Iran

• More evidence that the Pentagon is downplaying the damage from Iranian attacks. (cbsnews.com)
• Initially, the Iran war wasn't about control of the Strait of Hormuz. (theatlantic.com)

Economy

• Still no pickup in weekly initial jobless claims. (bonddad.blogspot.com)
• How tariffs pass through to consumer prices. (libertystreeteconomics.newyorkfed.org)
• Who suffers from higher interest rates? (crr.bc.edu)

Earlier on Abnormal Returns

• Longform links: controls and monitoring. (abnormalreturns.com)
• What you missed in our Wednesday linkfest. (abnormalreturns.com)
• Personal finance links: signalling status. (abnormalreturns.com)

Mixed media

• Confessions of a bad texter. (theatlantic.com)
• Why TikTok shopping scams are on the rise. (forbes.com)
• A list of some good things to do including 'Clean your glasses.' (quarter--mile.com)

Books

• An excerpt from "Why We Ask Why: The Science of Explanation and the Human Drive to Understand" by Tania Lombrozo. (theatlantic.com)
• An excerpt from "Sea Change: America’s New Great Game in the Arctic" by Rana Foroohar. (ft.com)
• An excerpt from "This Cursed Beautiful Land: A Russian Story" by Evan Gershkovich. (thetimes.com)
• An excerpt from "SITCOM: A Memoir" by Chuck Lorre. (vanityfair.com)

Gambling

• How everything became gambling. (nytimes.com)
• How elite traders are cleaning up on Polymarket. (giftarticle.ft.com)

Business

• A profile of Larry Ellison, co-founder of Oracle ($ORCL). (vanityfair.com)
• A profile of Nubank founder David Vélez. (colossus.com)

Longreads

• Your brain is not a computer. (aeon.co)
• How Chinese spies targeted the Federal Reserve. (cnbc.com)
• Oil companies have long known the risks of climate change. (arstechnica.com)
• Is it possible to get out of the 'low fertility trap'? (giftarticle.ft.com)
• Why sexual assault victims face financial costs and hardship. (cosmopolitan.com)
• Why an artist bought a fine china maker. (npr.org)