Thursday Links: Tip of the Iceberg

Strategy

• Successful investors have a long time horizon. (awealthofcommonsense.com)
• An example of overconfidence and leverage. (novelinvestor.com)

Finance

• The VC boom of the early 2020s shows in poor historical performance. (sherwood.news)
• Credit card companies add extra perks like lounges at concert venues. (wsj.com)
• The popularity of sports gambling as a market failure. (wealthmanagement.com)

Fund management

• How passive investing has created market inefficiencies. (youngmoney.co)
• Hedge funds are withdrawing from Mag 7. (ft.com)
• Bill Ackman is having a rough summer. (institutionalinvestor.com)

EV sites

• Police departments are increasingly adopting electric vehicles. (theatlantic.com)
• South Pasadena has replaced all of its ICE vehicles with electric vehicles. (thecooldown.com)

Economy

• The manufacturing sector is weakening. (econbrowser.com)
• Many of the newly unemployed were not previously working. (bonddad.blogspot.com)

Earlier, about Abnormal Returns

• Long-form links: Constraining historical futures. (abnormalreturns.com)
• What you missed at our Wednesday linkfest. (abnormalreturns.com)
• Personal Finance Links: Improved Accessibility. (abnormalreturns.com)
• Are you a financial advisor looking for out-of-the-box thinking? Then check out our weekly email newsletter. (newsletter.abnormalreturns.com)

Mixed medium

• Online influencers jump on the newsletter. (adage.com)
• How the Summer Olympics were memeified. (mariakonnikova.substack.com)
• Influencers have now surpassed traditional media. (om.co)