Markets

• The stock market bottomed three years ago in the early days of the pandemic. (demystifyingmarkets.com)
• Financial stress has increased but is not at GFC-type levels. (econbrowser.com)

Banks

• The banking crisis could play out in tighter credit for small and mid-sized businesses. (wsj.com)
• Why selling SVB has proven to be a difficult task. (theinformation.com)
• Further banking consolidation could create 'banking deserts.' (wsj.com)

CRE

• The suburbs are full of office buildings that are unlikely to be occupied again. (bloomberg.com)
• Office rent renewals are seeing weakness. (axios.com)
• Expect more shopping malls to hit the financing wall. (bloomberg.com)

AI

• Plug-ins are going to make AI even more effective. (fastcompany.com)
• Why Elon Musk has OpenAI envy. (semafor.com)
• Character.AI is now a unicorn. (wsj.com)

TikTok

• TikTok's CEO had a rough go on Capitol Hill. (slate.com)
• Any TikTok ban would likely end up in the courts. (axios.com)
• How the demise of TikTok could play out. (marginalrevolution.com)

Fund management

• What Jack Bogle got right about ETFs. (morningstar.com)
• MSCI is cracking down the ESG ratings for funds. (ft.com)

Earlier on Abnormal Returns

• Podcast links: AI DJs. (abnormalreturns.com)
• What you missed in our Thursday linkfest. (abnormalreturns.com)
• Longform links: the purpose of technology. (abnormalreturns.com)
• Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)

Mixed media

• What happens when you move to a 'Zoom town' and subsequently lose your job? (bloomberg.com)
• Five insights from "How Big Things Get Done: The Surprising Factors That Determine the Fate of Every Project, from Home Renovations to Space Exploration and Everything in Between" by Bent Flyvbjerg and Dan Gardner. (nextbigideaclub.com)
• How 'loyal employees' can get the short end of the stick. (marketwatch.com)

The biz

• NPR is cutting four podcasts from its roster. (npr.org)
• AI could soon replace, for good, the radio DJ. (axios.com)
• Podcast network Maximum Fun is becoming a worker-owned co-op. (techcrunch.com)

AI

• Patrick O'Shaughnessy talks with Avi Goldfarb about the disruptive effects of AI. (joincolossus.com)
• Derek Thompson talks with Charlie Warzel on what ChatGPT-4 is capable of. (theringer.com)

Business

• Patrick O'Shaughnessy talks data business with Auren Hoffman, CEO of Safegraph. (open.spotify.com)
• Nilay Patel talks with James Daunt who is CEO of Barnes & Noble and of Waterstones in the UK. (theverge.com)
• Howard Lindzon talks with Saad Alam who is CEO and co-founder of Hone Health. (howardlindzon.com)

Banks

• Joe Weisenthal and Tracy Alloway talk with Saule Omarova about the case for public accounts at the Fed. (bloomberg.com)
• Howard Lindzon talks the bank crisis with Gregory Garrabrants, President & CEO at Axos Bank. (open.spotify.com)
• Ezra Klein talks with Morgan Ricks about how to think about money. (nytimes.com)

Finance

• Barry Ritholtz talks quant investing with Cliff Asness, founder of AQR. (ritholtz.com)
• A talk with Mary Childs author of "The Bond King: How One Man Made a Market, Built an Empire, and Lost It All." (longform.org)
• Peter Lazaroff talk stocks for the long run with Jeremy Schwartz of WisdomTree Investments. (peterlazaroff.com)
• Jon Reeder talks blackjack with Jeff Ma about blackjack and data analytics. (riskofruinpod.substack.com)
• What David Senra learned in a conversation with Charlie Munger. (joincolossus.com)

Non-finance

• Shane Parrish talks with Nathan Myhrvold about the biggest questions facing humanity. (fs.blog)
• Brett McKay talks with Steve Levinson who is the co-author of "Following Through: A Revolutionary New Model for Finishing Whatever You Start." (artofmanliness.com)
• Dan Harris talks with Valerie Young about the mainstreaming of imposter syndrome. (tenpercent.com)

Strategy

• Why isn't the stock market going down? (theirrelevantinvestor.com)
• Bonds have had a rough five years. Things are different moving forward. (morningstar.com)
• Novel Investor, "Investors must make bets on imperfect information to earn sought-after long-run returns." (novelinvestor.com)

Crypto

• Why is Bitcoin going higher? (newsletter.mollywhite.net)
• Coinbase ($COIN) is at-risk if the SEC forces it to delist coins it believes to be securities. (theblock.co)

Finance

• The current banking crisis can be traced back to the pandemic. (theatlantic.com)
• Charles Schwab ($SCHW) is now the 10th largest bank in the U.S. (wsj.com)
• JP Morgan Chase ($JPM) is buying startup analytics platform Aumni. (cnbc.com)
• The banking crisis highlights the importance of good, clear communication. (kyla.substack.com)

Housing

• The South is leading the housing market, price-wise. (indexologyblog.com)
• Gen Z is waiting for an opportunity to pounce on the housing market. (businessinsider.com)
• Thing are normalizing for home builders. (calculatedrisk.substack.com)

Philanthropy

• Would be philanthropists care a lot about a charity's overhead costs. (behavioralscientist.org)
• Mackenzie Scott's charitable effort is seeking out 250 charities for $1 million a pop. (businessinsider.com)

Economy

• Weekly initial unemployment claims are not going higher. (bonddad.blogspot.com)
• The FTC wants to make it easier to cancel digital subscriptions. (theverge.com)

Earlier on Abnormal Returns

• Longform links: the purpose of technology. (abnormalreturns.com)
• What you missed in our Wednesday linkfest. (abnormalreturns.com)
• Personal finance links: reinvestment rate volatility. (abnormalreturns.com)
• Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)

Mixed media

• Where the Roy family stands going into Season 4 of 'Succession.' (vox.com)
• What’s next for Kendall Roy, and actor Jeremy Strong? (theringer.com)
• Season 4 of 'Succession' seems to be getting good reviews. (theguardian.com)