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Sunday links: taking a stake

Markets

  • There's little sign of stress in the financial markets. (trendlabs.com)
  • Why the stock market often seems to defy common wisdom. (tker.co)

Podcasts

  • Patrick O'Shaughnessy talks with Dan Loeb of Third Point game. (youtube.com)
  • Jon Reeder talks with CEO of Fairlight Capital. (podcasts.apple.com)
  • Jim O'Shaughnessy talks with Jason Buck, founder and CIO of Mutiny Funds. (newsletter.osv.llc)

Fund management

  • Why aren't more ETFs closing? (insight.factset.com)
  • How MSCI ($MSCI) rode the index boom. (fiscal.ai)

Companies

  • Om Malik, "Whether it is OpenAI or Anthropic, revenue cannot be resolved without an S-1." (om.co)
  • Multinational companies are cashing in on the use of tax havens since the start of 2025. (nytimes.com)
  • Michael Dell's ($DELL) bet on Trump has paid off. (cnbc.com)
  • A renewed fertility push isn't great for contraceptive sales in China. (ft.com)

Venture capital

  • It's the Wild West when it comes to AI company secondaries. (cashandcarried.substack.com)
  • How to use data to make for better venture investments. (gettheleverage.com)

Ethics

  • What would actual ethics reforms look like? (newyorker.com)
  • On Truth Social, Trump has repeatedly promoted Stake, an unregulated online casino. (popular.info)
  • How a company backed by Donald Trump Jr. came to get a $620 million loan from the Pentagon. (propublica.org)
  • There's no comparison in American history for the corruption in this administration. (noahpinion.blog)

Law

  • The scale of malicious prosecution by the administration is 'staggering.' (thebulwark.com)
  • Why Trump prosecutors are struggling to convince grand juries. (nytimes.com)

Crime

  • Why are murders down in Baltimore? (marginalrevolution.com)
  • 200 people have been killed in boat strikes, but cocaine prices in the U.S. haven't budged. (nytimes.com)

Diplomacy

  • Over 100 American embassies don't have a Senate approved ambassador. (theatlantic.com)
  • Donald Trump’s Board of Peace has $0 in the bank. (ft.com)

Policy

  • The OBBBA locked in budget deficits indefinitely. (newsletter.mikekonczal.com)
  • West Virginia has a shortage of workplace inspectors. (mountainstatespotlight.org)
  • Why the Kennedy Center may never be same. (theatlantic.com)
  • Small wins for free speech. (axios.com)

Economy

  • Some reasons for poor consumer sentiment. (awealthofcommonsense.com)
  • Employee compensation keeps falling as a percentage of GDI. (wsj.com)
  • The economic schedule for the coming week. (economicweekly.substack.com)

Earlier on Abnormal Returns

  • Top clicks this week on Abnormal Returns. (abnormalreturns.com)
  • What you missed in our Saturday linkfest. (abnormalreturns.com)
  • Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Mixed media

  • Some farmers have become influencers to help survive. (wsj.com)
  • Why people go to great lengths to collect ramps. (slate.com)
  • In this country we treat pigs horribly. (noahpinion.blog)