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Markets
- The 30-year Treasury yield now exceeds 5%. (ft.com)
- You are not smarter than Mr. Market. (ritholtz.com)
Finance
- How active will Warren Buffett be as Chairman of Berkshire Hathaway ($BRK.A)? (newsletter.rationalwalk.com)
- Why traditional asset managers are pivoting to alternatives: higher fees. (bloomberg.com)
- The brand name investment banks have ceded the SPAC market to smaller names. (ft.com)
- 30 quotes from financial history, including “A business model that relies on trickery is doomed to fail.” (blogs.cfainstitute.org)
Apple
- Does Apple ($AAPL) have a path forward in AI? (spyglass.org)
- Apple CarPlay Ultra is coming. (insidehook.com)
Trade
- Joseph Politano, “Any one of Trump’s current trade policies—a 30% tariff on China, a 25% tariff on cars, a 10% tariff on the European Union—on their own would have been considered the most brutal trade war in a generation.” (apricitas.io)
- Paul Krugman talks tariffs with Joseph Politano. (paulkrugman.substack.com)
Economy
- These workers lost their jobs due to tariffs, but still support Trump’s policies. (nytimes.com)
- How farmers are being hit by higher prices, due to tariffs. (npr.org)
Earlier on Abnormal Returns
- Adviser links: acting on instinct. (abnormalreturns.com)
- What you missed in our Sunday linkfest. (abnormalreturns.com)
- Top clicks last week on the site. (abnormalreturns.com)
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
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