Monday links: market frictions

MarketsSpikes in the VIX often represent a market bottom. (optimisticallie.com)Investors are selling American assets wholesale. (sherwood.news)The real price of gold is at an all-time high. (bilello.blog)StrategyVishal Khandelwal, "In the end, the stock market is not a book of well-told stories or fairy tales, but a place where capital meets uncertainty. And while stories will always be part of how we process the world, we must resist the urge to treat them as fact." (safalniveshak.com)Brett Steenbarger, "Making more by trading less and by trading very selectively: that pushes us to clearly define our rules and create experiences of mastery." (traderfeed.blogspot.com)TrumpOutside of crypto, tech's big bet on Trump is looking shaky. (vox.com)The president's family members are increasingly involved with smaller companies. (craincurrency.com)TechnologyAI image generation is getting better, fast. (tomtunguz.com)Killing Google Domains was an own goal. (spyglass.org)UniversitiesBeing a college president was always a tough job, now it's nearly impossible. (theatlantic.com)How colleges can use their endowments more strategically. (theconversation.com)Earlier on Abnormal ReturnsAdviser links: curiosity and restraint. (abnormalreturns.com)What you missed in our Sunday linkfest. (abnormalreturns.com)Top clicks last week on the site. (abnormalreturns.com)You can now follow us on Bluesky. (bsky.app)Are you signed up for daily e-mail newsletter? Well, you should be. (abnormalreturns.com)Mixed mediaThings are not going well at the Pentagon. (danieldrezner.substack.com)Ukrainian DIY drone makers are not stopping. (npr.org)

Apr 21, 2025 - 20:21
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Monday links: market frictions