Sunday Links: The Stories We Like

Strategy

• Another star manager, another disaster for investors. (awealthofcommonsense.com)
• Just because something is an index fund doesn’t mean it’s a good investment. (wsj.com)
• Most market arguments are due to different time frames. (tker.co)
• Why you probably shouldn’t focus on dividend-paying stocks. (humbledollar.com)

Companies

• Complexity is killing Starbucks ($SBUX). (nytimes.com)
• It’s hard to see DraftKings ($DKNG) or FanDuel ($FLUT) being replaced anytime soon. (frontofficesports.com)
• How Much Does a CEO Matter? (wsj.com)

policy

• JD Vance’s hometown of Middletown, OH is experiencing economic change. (jacobin.com)
• The Midwest is thrust into the middle of this election season. (politico.com)
• The US has too much land dedicated to roads. (papers.ssrn.com)
• Is economic globalization really going backwards? (danieldrezner.substack.com)

Economy

• The layoffs have not yet resumed. (apolloacademy.com)
• The economic program for next week. (calculatedriskblog.com)

Earlier, about Abnormal Returns

• Top clicks this week on the site. (abnormalreturns.com)
• What you missed at our Saturday linkfest. (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

• Most of the latest YC classes work on AI in some form or fashion. (sherwood.news)
• “Sponsored results” is an oxymoron. (seths.blog)
• History of data centers. (freethink.com)