Friday links: new challenges
Strategy What do you know that the market doesn't? (morningstar.com) The stock market owes you nothing. (safalniveshak.com) Your index funds already own plenty of technology stocks. (wsj.com) Crypto Binance got hacked, bigly. (arstechnica.com) ICE is planning to bring Hyperliquid's perpetual futures on shore. (coindesk.com) Anthopic Anthropic ($ANT) is SpaceX's ($SPCX) biggest customer. (semafor.com) A look at Anthropic's ($ANT) capital raising over time. (ft.com) Companies The best companies don't rely on gatekeepers for their success. (flyoverstocks.com) Just how much U.S. energy companies have profited from the Iran War. (nytimes.com) User growth at Block's Cash App has flattened out. (bloomberg.com) Reddit ($RDDT) has an AI problem. (axios.com) Prediction markets The state of Utah has filed criminal charges against Kalshi. (frontofficesports.com) Can we trust election-related prediction markets? (cnbc.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 advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com) Netflix Why Netflix's ($NFLX) movie strategy has backfired. (indiewire.com) Derek Thompson talks with Matt Bellamy about Netflix's ($NFLX) engagement woes. (podcasts.apple.com) Economy Q3 GDP rose at a 3.4% annual rate. (econbrowser.com) The skill requires for modern manufacturing jobs is higher. (wsj.com) Inflation expectations are on the rise. (capitalspectator.com) Kyla Scanlon talks grocery prices with Lael Brainard. (kyla.substack.com) Earlier on Abnormal Returns What you missed in our Thursday linkfest. (abnormalreturns.com) Longform links: inefficient interactions. (abnormalreturns.com) Mixed media Nobody wants to pay this much for a nonfiction book. (thewalrus.ca) Reading books is cool again in South Korea. (bloomberg.com)