Wednesday links: humble investors
MarketsAre zero-day options helping drive intraday volatility? (cnbc.com)Live by the Iron Condor, die by the Iron Condor. (wsj.com)StrategyWhat has happened after the stock market declines 15%. (awealthofcommonsense.com)Should you even try to beat the market? (investmenttalk.co)Great investors are humble. (bigthink.com)FinancePrivate equity firms have paused deals with economic uncertainty so high. (on.ft.com)Figma has filed for an IPO. (reuters.com)Companies really don't like to pull their IPOs. (news.crunchbase.com)TariffsEven a flat 10% tariff would have knock-on effects. (nytimes.com)What the administration is getting wrong about China and tariffs. (paulkrugman.substack.com)Why China can't have a truly weakened America. (marginalrevolution.com)Bilateral trade numbers can be misleading. (econofact.org)TaxesWho wins if the IRS is kneecapped? (paulkrugman.substack.com)It's pretty depressing inside the IRS these days. (newyorker.com)Modernization efforts at the IRS have ground to a halt. (theatlantic.com)LawThe law firms who made deals with Trump are already seeing the goalposts moved. (nytimes.com)Law firms that have acquiesced to Trump's demands are irretrievably compromised. (theatlantic.com)These law students that are focusing on firms that are resisting the administration. (politico.com)EconomyConsumers front ran the tariffs. (bonddad.blogspot.com)The cultural indicators that hint at recession. (newyorker.com)National homebuilder confidence remains muted. (calculatedriskblog.com)Recessions help increase the budget deficit, despite lower rates. (apolloacademy.com)Earlier on Abnormal ReturnsPersonal finance links: a team sport. (abnormalreturns.com)What you missed in our Tuesday linkfest. (abnormalreturns.com)Research links: expected value. (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 mediaMartin Wolf, "Unpredictable despots generate waste, fear and pervasive uncertainty." (on.ft.com)One of the charges in the Declaration of Independence was about the transportation of people by sea to stand on charges. (noahpinion.blog)Speaking truth to power gets you censored these days. (theverge.com)
Markets
- Are zero-day options helping drive intraday volatility? (cnbc.com)
- Live by the Iron Condor, die by the Iron Condor. (wsj.com)
Strategy
- What has happened after the stock market declines 15%. (awealthofcommonsense.com)
- Should you even try to beat the market? (investmenttalk.co)
- Great investors are humble. (bigthink.com)
Finance
- Private equity firms have paused deals with economic uncertainty so high. (on.ft.com)
- Figma has filed for an IPO. (reuters.com)
- Companies really don't like to pull their IPOs. (news.crunchbase.com)
Tariffs
- Even a flat 10% tariff would have knock-on effects. (nytimes.com)
- What the administration is getting wrong about China and tariffs. (paulkrugman.substack.com)
- Why China can't have a truly weakened America. (marginalrevolution.com)
- Bilateral trade numbers can be misleading. (econofact.org)
Taxes
- Who wins if the IRS is kneecapped? (paulkrugman.substack.com)
- It's pretty depressing inside the IRS these days. (newyorker.com)
- Modernization efforts at the IRS have ground to a halt. (theatlantic.com)
Law
- The law firms who made deals with Trump are already seeing the goalposts moved. (nytimes.com)
- Law firms that have acquiesced to Trump's demands are irretrievably compromised. (theatlantic.com)
- These law students that are focusing on firms that are resisting the administration. (politico.com)
Economy
- Consumers front ran the tariffs. (bonddad.blogspot.com)
- The cultural indicators that hint at recession. (newyorker.com)
- National homebuilder confidence remains muted. (calculatedriskblog.com)
- Recessions help increase the budget deficit, despite lower rates. (apolloacademy.com)
Earlier on Abnormal Returns
- Personal finance links: a team sport. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: expected value. (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
- Martin Wolf, "Unpredictable despots generate waste, fear and pervasive uncertainty." (on.ft.com)
- One of the charges in the Declaration of Independence was about the transportation of people by sea to stand on charges. (noahpinion.blog)
- Speaking truth to power gets you censored these days. (theverge.com)
