Sunday links: extended time horizons
Strategy Investors under the age of 40 have not really experienced a drawn out bear market. (blairbellecurve.com) Long term investors probably fear bear markets too much. (tker.co) When, not if, bonds matter. (humbledollar.com) Companies Special executive payouts are becoming more commonplace. (wsj.com) The Ellison cinematic universe has a lot of different debt outstanding. (ft.com) Alternatives What the SEC is proposing on performance fees and interval funds. (morningstar.com) Democratizing alternative investments makes sense in theory, less in practice. (wsj.com) Finance Tokenization is booming. (tomtunguz.com) The DTCC is investing in iCapital. (wealthmanagement.com) What it would take for a futures market in compute to work. (ft.com) Law and order Government lawyers are being faced with tough decisions. (newyorker.com) Some local police agencies have cleaned up working for ICE. (wsj.com) Spending How much does the Department of Defense actually spend? (motherjones.com) Why did Krisi Noem buy a bunch of jets for DHS walking out the door? (nytimes.com) The National Science Foundation has withheld nearly 20% of grants this year. (nytimes.com) The DHS paid for Trump campaign ads. (politico.com) Immigration Why the administration hasn't cancelled TPS status for Salvadorans. (newyorker.com) An economic look at the Biden era immigration surge. (axios.com) Washington DC How Trump is remaking Washington DC. (msn.com) Michael Lewis on the damage DOGE wrought. (slate.com) The Kennedy Center was solvent when Trump came into office. (msn.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) Russia How Russia is using migrants as a weapon against European nations. (nytimes.com) How Ukraine has advanced ground robots to retake territory. (cnbc.com) How the Baltics are preparing for a war with Russia. (theatlantic.com) Economy Why is consumer sentiment so in the dumps? (awealthofcommonsense.com) Healthcare is still driving employment overall. (newsletter.platypuseconomics.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) Mixed media Paris is filling up with American-inspired restaurants. (cnn.com) AI has come for the celebratory fish picture. (theatlantic.com)