Savvy countries will discover there’s a way to mitigate the harm incurred by Trump’s tariffs—and it’ll boost their own economies while making goods cheaper too. www.wired.com/story/us-tra...

10 Friday AM Reads: -Can Netflix Help Save the American Mall? -No one knows anything. Let’s ask them about that -The Untold Story of Charlie Munger’s Final Years -How Willie Nelson Sees America -How "How the Grinch Stole Christmas" Stole Christmas ritholtz.com/2025/12/10-f...

Peak Detroit Muscle Car!

10 Christmas Day Reads -Santa might be Christmas’ main man, but Mrs. Claus would like a word -Societies with Little Money Are Among the Happiest on Earth -Crypto for Christmas? Gen Z-ers Are Cautiously Open to the Idea -Four Perspectives on Bing Crosby ritholtz.com/2025/12/chri...

10 Xmas Eve Reads Will Prediction Markets Make the Stock Market Obsolete? Once Wall Street’s High Flyer, Private Equity Loses Its Luster Inside America’s Costco economy Mortgage Rates Are Falling but Owners Still Won’t Sell 50+ US Lawmakers Are Retiring Next Year. Why? ritholtz.com/2025/12/chri...

6 simple ways to improve your investment performance: 1. Automate & get out of the way 2. Think portfolio not individual investments 3. Consolidate 4. Track your performance 5. Define your time horizon 6. Save more money awealthofcommonsense.com/2025/12/6-si...

Valuation with Aswath Damodaran ritholtz.com/2025/12/valu...

New Fox News poll shows Trump's approval on: Border Security: +2 Crime and public safety: -5 Immigration: -10 Foreign Policy: -15 Economy: -22 Healthcare: -25 Spending: -25 Tariffs: -28 static.foxnews.com/foxnews.com/...

Nothing about bagels, though… "People who regularly ate higher-fat cheese and cream had a lower risk of developing dementia over 25 years, while low-fat dairy and other dairy foods showed no clear association, according to a new study." abcnews.go.com/Health/high-...

Abundant Energy, via @bpmehlman brucemehlman.substack.com/p/six-chart-... "By 2050, energy is likely to be far more abundant, clean, + reliable. Ultra-low-cost solar might continue scaling globally + get paired with major advances in energy storage that smooth out daily + seasonal variability.

Highly recommended! "The Incidence of Tariffs: Rates and Reality" by Gita Gopinath and Brent Neiman. "...tariff pass-through to U.S. import prices is almost 100 percent, so the United States is bearing a large share of the costs." bfi.uchicago.edu/wp-content/u...

Equities outside the US outperformed this year for the first time in awhile, and its not entirely a dollar story in many cases.

Wells Fargo's economic chart of the year via Myles Udland

"You can have the mild price fluctuations of nontraded assets, or you can have access to your money whenever you want—but it’s turning out that you can’t have both." via @jasonzweigwsj www.wsj.com/finance/inve...

“A-plus plus plus plus plus.” 🤡

10 Monday AM Reads -The Concentration Bears Have Steered You Wrong -Tesla is the most unreliable used car brand in America -Great Income Squeeze Begins - It’s a Tough Time for House-Flippers -How Japan Built a Rare-Earth Supply Chain -New York’s Golden Handcuffs ritholtz.com/2025/12/10-m...

I think I hit the right tone with today's opening and news recap + I have a great conversation with the always awesome @ritholtz.bsky.social standupwithpete.libsyn.com/1501-barry-r...

Strong endorse: The proposed Long Island Sound Crossing. The 20 minute Bridgeport to Port Jefferson route is seeing new interest. As congestion worsens and climate threats grow, the question resurfaces with renewed urgency: is it finally time to build the bridge? youtu.be/Gz1qnCwketw?...

10 Sunday Reads -Full-Blown Panic Over Netflix-Warner Bros -How Epstein Infiltrated Silicon Valley -Meet the Admin’s billionaires -Bot army for sale online -Tax prosecutions plunge -America’s greatest enemy: Western Europe? -How Chiropractors Became the Backbone of MAHA ritholtz.com/2025/12/10-s...

I mock terrible forecasters all the time, but when someone gets it right -- and for the correct reasons -- it should be acknowledged. Kudos Ben Levisohn (@ben_levisohn) from December 13, 2024: "Why the Stock Market Could Gain Another 20% in 2025." www.barrons.com/articles/sto...

This is like paying the guys that robbed your house to also burn it down.

10 Weekend Reads - Electric Grid Batteries Are Everywhere -Why We Can’t Quit Excel - New Private-Equity Billionaires -Local Spies with Lethal Gear -The future of war -Decline of Deviance -Cryptocurrency Launder Money -Pink Floyd’s Wish You Were Here turns 50 ritholtz.com/2025/12/10-w...

10 Friday AM Reads Is It a Bubble? The Collapse of Human Knowledge What Luxury Shoppers Want Right Now Crypto’s rocky year DoorDash Is a $85 billion behemoth Job hugging? What True Wealth Looks Like ‘Race Against Time’ to Save Music Legends’ Decaying Tapes ritholtz.com/2025/12/10-f...

Tractor maker Deere has warned that US President Donald Trump’s tariffs are backfiring on American farmers, prompting cash-strapped producers to delay replacing aging equipment. Deere has had to cut production and workers and says it is likely to cut more jobs in 2026. www.ft.com/content/523a...

Whose Inflation Is This? The president in March 2020 had to make an impossible choice: sky-high inflation, or surging unemployment. I believe the proper choice was made. Wharton Professor Jeremy Siegel saw this coming in real time. See the full story…. ritholtz.com/2025/12/whos...

There is still time to make some smart moves to reduce your 2025 taxes. You have to be proactive to take advantage of the latest changes in the One Big Beautiful Bill Act. But you better hurry – there is less than three weeks less in the year! podcasts.apple.com/us/podcast/m...

Cisco finally gets over its March 2000 highs -- 25 years later...

10 Thursday AM Reads -Are retail traders the captains now? -Hidden Sources of Geothermal Energy -Why Costco is the only big retailer to challenge Trump on tariff refunds -A surprisingly simple route to happiness -Here’s What Ozempic Does To Your Brain ritholtz.com/2025/12/10-t...

Late evening palate cleanser: The task required hundreds of hours of problem-solving and patience. Musician Mattias Krantz said it was worth it. www.washingtonpost.com/lifestyle/20...

I am always reluctant to put too much stock in anecdotes, but this tracks with lots of stories I have heard about both $TSLA and $JEEP: Tesla is the most unreliable used car brand in America, even behind Jeep and Chrysler www.techspot.com/news/110538-...

Congrats to @profgalloway.com for this WSJ profile www.wsj.com/real-estate/...

Whatever Happened to NFTs? NFT peak was The Merge by Pak sold for $91.8 million. That was followed by Beeple’s First 5000 Days, auctioned for $69.3 million at Christie’s. Adding up the top 100 collections shows a total of $39.2 billion in sales... ritholtz.com/2025/12/what...

The most interesting thing you will read today, via Howard Marks (@Oaktree): "Is It a Bubble?" www.oaktreecapital.com/insights/mem...

CONCERNING A 30-year-old sea level rise projection has basically come true yaleclimateconnections.org/2025/12/a-30...

Thank God for Bluesky: A little love letter to the people who would not compromise with Nazis iandunt.substack.com/p/thank-god-...

10 Monday AM Reads -Tariff Refunds -How Netflix stole Warner Bros from David Ellison -For Gen Z, cash isn’t king. It’s a joke -Microdosing on Obesity Drugs -Blame Our Love of Booze on Our Primate Ancestors -Buying Instead of Building ritholtz.com/2025/12/10-m...

10 Sunday Reads -Chanos on Strategy’s biz model problem -Zombie Mortgages -Bank Deregulations' Catastrophic Costs -Summers Banned for Life -US Funding Less Science + Medicine -Sex Crimes. State Crimes. War Crimes -Fighting for Right to Control Our Garage Door Openers ritholtz.com/2025/12/10-s...

10 Weekend Reads: Hudson River is Minting Billions Middle class struggles with affordability The Airport-Lounge Wars Ozempic is changing how we spend money and time The New German War Machine Oceans Are Going to Rise—but When? Is Gen X Actually the Greatest Generation? ritholtz.com/2025/12/10-w...

Frank Gehry, 1929–2025 www.nytimes.com/2025/12/05/a...

10 Friday AM Reads -What do worst drawdowns look like? -4-year bitcoin cycle flaws -Game Theory Explains How Algorithms Can Drive Up Prices -Everything Is Not Fine in the Art World -Toilets that Track Stool Like Steps? -Kobe, Steph, Wilt + Jordan—All Rolled Into One ritholtz.com/2025/12/10-f...

Was so much fun to geek out with my old friend @ritholtz.bsky.social on his @bloomberg.com podcast and talk about SEC filings. Listen here: www.bloomberg.com/news/audio/2...

My morning WFH reads: Brexit is an unmitigated economic failure, Office-to-Residential Conversions Are Booming, Bean Soup Theory, Data on Self-Driving Cars, Mass Surveillance Recordings, Noah ❤️ AI, Ukraine’s Drone Battle and Time for Pete Hegseth to Go ritholtz.com/2025/12/10-t...

Each "At the Money" episode is on a single topic in finance. The musical intro always hints at that week's subject. Some are obvious, some are a bit obscure, but all are fun. And, I made a playlist of them! open.spotify.com/playlist/3aP...

Harvard once had the best performing endowment not just in the Ivy League but all of colleges. But alumni discontent with large salaries led to wholesale changes. In exchange for saving millions in salaries, they gave up billions in investment gains -- a terrible trade.

ADP employment data has not closely followed Non-Farm Payroll -- it's a measure of mostly older and larger companies; it misses newer, smaller firms, which make up so much of the economy... There is some signal there, but a whole lot more noise ritholtz.com/2011/06/adps...

"If you randomly picked a trading day for the Dow Jones Industrial Average between 1930-2020, there is over a 95% chance that the Dow would close lower on some trading day in the future..." -Nick Maggiulli (@dollarsanddata)

Think about the edge students in High School + College: can gain by NOT using AI to write their essays. Use it for background research, then write the essay yourself (If you want a better grade, rewrite that essay 2X-4X yourself) ofdollarsanddata.com/there-is-no-...

The Return of Cisco We are at a milestone: $CSCO is not quite back to its March 2000 all-time highs, but it is back over the price of that infamous Fortune May 2000 magazine cover... ritholtz.com/2025/12/the-...

Apollo’s Torsten Slok: "European companies allocate more resources to tangible assets (property, plant + equipment) for a higher tangible asset ratio. US firms invest more heavily in intangible assets (software, branding + IP)" Is this a reason for the valuation differences?

Classic Bull Market Genius: This @WSJ story is all anecdote, zero quantification. Trading is easy! Just buy stocks + crypto that go up, and make more money than your salary! Rolexes + Porsches to follow... www.wsj.com/finance/stoc...