Thursday links: dismissing nuance
Decision makingBarry Ritholtz, "There is an endless assortment of ways to make mistakes that hurt your portfolio." (ritholtz.com)Not every problem can (or should) be solved by math. (timharford.com)ETFsInvestors love CLO ETFs like the AAA CLO ETF ($JAAA). (on.ft.com)Still no sign that traders are giving up on leveraged ETFs. (bloomberg.com)CompaniesA second judge has ruled Google ($GOOGL) has acted as a monopolist. (techcrunch.com)UnitedHealth ($UNH) slashed 2025 earnings guidance. (healthcaredive.com)MedicineEli Lilly ($LLY) reports positive results for a daily weight loss pill. (biopharmadive.com)How tariffs will affect generic drug prices and availability. (axios.com)Drug developers are having a harder time getting the FDA on the line. (wsj.com)Where the U.S. is falling behind China in biotech. (axios.com)GlobalIt would take a lot to remove the U.S. dollar as the centerpiece of the global economy. (macroeconomicpolicynexus.substack.com)What does it mean to live in a 'Chinese Century'? (noahpinion.blog)EconomyWhat is seemingly so wrong with BMW's South Carolina manufacturing operation? (agglomerations.substack.com)Still no sign of a pickup in initial weekly unemployment claims. (calculatedriskblog.com)Some bad new orders news from the Philadelphia Fed survey. (bonddad.blogspot.com)Earlier on Abnormal ReturnsLongform links: a bygone era. (abnormalreturns.com)What you missed in our Wednesday linkfest. (abnormalreturns.com)Personal finance links: a team sport. (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 mediaHeather Cox Richardson, "Once you give up the idea that we are all equal before the law and have the right to due process, you have given up the whole game. You have admitted the principle that some people have more rights than others." (heathercoxrichardson.substack.com)Timothy Snyder, "If citizens endorse the idea that people named by authorities as "criminals" or "terrorists" have no right to due process, then they are accepting that they themselves have no right to due process." (snyder.substack.com)
Decision making
- Barry Ritholtz, "There is an endless assortment of ways to make mistakes that hurt your portfolio." (ritholtz.com)
- Not every problem can (or should) be solved by math. (timharford.com)
ETFs
- Investors love CLO ETFs like the AAA CLO ETF ($JAAA). (on.ft.com)
- Still no sign that traders are giving up on leveraged ETFs. (bloomberg.com)
Companies
- A second judge has ruled Google ($GOOGL) has acted as a monopolist. (techcrunch.com)
- UnitedHealth ($UNH) slashed 2025 earnings guidance. (healthcaredive.com)
Medicine
- Eli Lilly ($LLY) reports positive results for a daily weight loss pill. (biopharmadive.com)
- How tariffs will affect generic drug prices and availability. (axios.com)
- Drug developers are having a harder time getting the FDA on the line. (wsj.com)
- Where the U.S. is falling behind China in biotech. (axios.com)
Global
- It would take a lot to remove the U.S. dollar as the centerpiece of the global economy. (macroeconomicpolicynexus.substack.com)
- What does it mean to live in a 'Chinese Century'? (noahpinion.blog)
Economy
- What is seemingly so wrong with BMW's South Carolina manufacturing operation? (agglomerations.substack.com)
- Still no sign of a pickup in initial weekly unemployment claims. (calculatedriskblog.com)
- Some bad new orders news from the Philadelphia Fed survey. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- Longform links: a bygone era. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: a team sport. (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 media
- Heather Cox Richardson, "Once you give up the idea that we are all equal before the law and have the right to due process, you have given up the whole game. You have admitted the principle that some people have more rights than others." (heathercoxrichardson.substack.com)
- Timothy Snyder, "If citizens endorse the idea that people named by authorities as "criminals" or "terrorists" have no right to due process, then they are accepting that they themselves have no right to due process." (snyder.substack.com)
