Wednesday Links: Monetizable Slop

markets

• The US accounts for about 50% of the global market capitalization. (apolloacademy.com)
• Are small-cap stocks declining in quality? (advisorperspectives.com)
• Finding and exploiting an advantage costs both time and money. (riskofruinpod.substack.com)
• Generation Z is starting to invest compared to previous generations. (downtownjoshbrown.com)

Eli Lilly

• Can Eli Lilly ($LLY) avoid the boom/bust cycle of other pharmaceutical companies? (on.ft.com)
• Eli Lilly ($LLY) is expanding its presence in Indiana. (biopharmadive.com)

Finance

• Large trading firms have replaced investment banks as the backbone of the financial system. (ft.com)
• Signs that private equity is hitting a wall. (bloomberg.com)

Venture capital

• OpenAI just raised a $6.6 billion round. (axios.com)
• Fidelity just raised a $250 million venture capital fund for clients. (advisorperspectives.com)
• The venture capital firm CRV returns capital to investors. (nytimes.com)
• Do Canadian startups have an ambition problem? (bnnbloomberg.ca)

Economy

• It does not dismiss the effect of inflation on a large part of the population. (disciplinefunds.com)
• Why don’t you want production and construction to drop out at the same time. (bonddad.blogspot.com)

Earlier, about Abnormal Returns

• Personal Finance Links: Enjoy Your Money (abnormalreturns.com)
• What you missed at our linkfest on Tuesday. (abnormalreturns.com)
• Research links: strategic beta blues. (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

• What happens when we are inundated with AI-generated content? (epsilontheory.com)
• Your chat logs belong to AI companies. (theatlantic.com)
• How companies pay for AI spending. (tomtunguz.com)