Sunday links: most of the time

Markets

• If you invest long enough, there’s no avoiding a bear market. (awealthofcommonsense.com)
• There’s no way of avoiding drawdowns, even in the best performing stocks. (tker.co)

Companies

• Doordash ($DASH) keeps buying up former competitors. (cnbc.com)
• Palantir ($PLTR) is the big Trump 2.0 era winner. (sherwood.news)
• These were the highest paid CEOs in 2024. (wsj.com)

Finance

• Dan Rasmussen, “For years, private equity could do no wrong. But now it is starting to look like a massive money trap.” (ft.com)
• Apollo ($APO) is pushing for more ways to trade private credit. (fa-mag.com)

Fund management

• The Vanguard Total Stock Market Index Fund is a modern success story. (jeffreyptak.substack.com)
• Assets continue to flow into bond ETFs. (citywire.com)
• A look at the (profitable) index business of MSCI ($MSCI). (quartr.com)

Health policy

• Here’s hoping we don’t need a vaccine for bird flu any time soon. (thebulwark.com)
• More food borne illness outbreaks are going unreported by the FDA and the USDA. (msn.com)
• How the U.S. built the best market for generic drugs, and why that is now in danger. (marginalrevolution.com)
• The U.S. needs more hospital beds. (wsj.com)

Power

• The Roberts Supreme Court is going out of its way to bypass precedent and process. (newyorker.com)
• Donald Trump is on a pardons spree. (vox.com)
• Donald Trump is nothing if not impatient. (theatlantic.com)

Policy

• Why the administration wants you to ignore the CBO scoring of the BBB. (gelliottmorris.com)
• Plans to revamp state unemployment systems are getting cut. (axios.com)
• CISA leadership has been purged. (cybersecuritydive.com)
• The FBI leadership purge is underway. (nytimes.com)

Economy

• Why has service cost growth slowed? (noahpinion.blog)
• More signs of a slowdown in the housing market. (advisorperspectives.com)
• Influential economist Stanley Fischer has died. (on.ft.com)
• If you are going to take down modern economics, you at least need to propose an alternative. (noahpinion.blog)
• The economic schedule for the coming week. (calculatedriskblog.com)

Earlier on Abnormal Returns

• Top clicks last week on the site. (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

• How many people have died due to USAID cuts? (nytimes.com)
• Why cash payments won’t solve the problem of low fertility. (crr.bc.edu)