I will be talking with @ritholtz.bsky.social about this at 5EST ritholtz.com/2026/04/aths...

Interesting take from @ritholtz.bsky.social, a finance guy that isn’t a Wall Street (aka establishment) guy. Subtle but important distinction. ritholtz.com/2026/05/regi...

WhyTF are taxpayers bailing out Spirit Airlines? www.wsj.com/business/air...

"The CIO of a pension fund explained that in his 14 years on the job, his fund had never been above the 27th percentile or below the 47th percentile. It was solidly in the second quartile of pension funds. As a result, for 14 years, he was in the 4th percentile." -Howard Marks, Oaktree Capital

"The person who approaches a problem like an opportunity has an advantage that the person who sees an obstacle will never understand." -Shane Parrish

THIS IS A FANTASTIC STORY How TTI and Stanley Black & Decker took the same playbook in opposite directions. www.worseonpurpose.com/p/your-power...

Medical researchers say that cancer is typically caused by a complex combination of factors. A guy who snorts cocaine off toilet seats says it's mostly caused by the radiation from offshore windmill farms. For busy Americans, it can be hard to know who to trust.

The extended range EVs date back to the 1900s; a more recent list would include: GM EV1 hybrid Renault Kangoo Chevrolet Volt Opel/Vauxhall Ampera Fisker Karma BMW i3 REx Cadillac ELR It's a surprisingly old yet effective technology that dates back a century www.theatlantic.com/technology/2...

This week in "Nobody Knows Anything" "In a new report, the World Bank thinks better of its old free-market absolutism." www.theatlantic.com/ideas/2026/0...

Lots of bonus cash, too little supply: "Median sales price for the Hamptons surged 18.3% annually to $2.4m - highest on record For the 3rd time in 5 quarters, a new high was reached. Avg sales price surged 34% to $4.3m highest on record -Jonathan Miller housingnotes.com/p/the-1q26-r...

"…I’m not absolutely sure of anything, and there are many things I don’t know anything about." -Richard Feynman jillianhess.substack.com/p/richard-fe...

Most people looking to invest focus on what to invest in or how to do it, but the real key to success is knowing what NOT to do. You need road map to smarter decisions & fewer regrets. How Not to Invest available in paperback format in the US from May 5th! Pre-order here lnk.to/hownottoinvest

The Great Mental Models by Shane Parrish just arrived! I am now fully prepared for summer beach reading~

Ongoing scam is 13F scraping of stock changes -- ours are all Direct Index, and not opinions on individual stocks -- then falsifying quotes about it No, I have not endorsed #$GILD or any other stock NATIONAL TODAY are the latest grifters to be pushing this... ritholtz.com/2023/04/buy-...

Spectacular example of Beaux-Arts architecture ( French Renaissance Revival?) at 74th & Broadway

Reminder: NYT OpEd columnist Ross Douthat is not a great writer, but he compensates for this by endorsing terrible ideas... This nonsense was one year ago: Tariff Instability May Be Worth It. Here’s Why. www.nytimes.com/2025/04/10/o...

Battery costs have declined by 99% in the last three decades, making electrified transport a reality. ourworldindata.org/battery-pric...

So, you say betting on the end of the world is not a good trade...? Polymarket Removes Betting Market on Nuclear Detonation. www.wsj.com/livecoverage...

Not an encouraging sign... this is a solid indicator of future airline prices and CPI inflation. www.airlines.org/dataset/argu...

If you are solely focused on generating better returns through stock picking and/or market timing, you are leaving a TON OF MONEY on the table. Get smarter about the many ways you can substantially improve your net, after-tax, total returns... ritholtz.com/2026/04/evol...

We are coming to San Francisco! Come talk to us about the Evolution of Alpha, and what this means for your long-term financial health. ritholtz.com/2026/04/evol...

Rising Interest Rates Was An Unforced Error. via @jonathanjmiller.bsky.social • Tariffs are inflationary • Placing political pressure on the Fed to slash interest rates is inflationary. • Wars and random bombing of countries are inflationary housingnotes.com/i/193188202/...

We are coming to San Francisco! Come talk to us about the Evolution of Alpha, and what this means for your long-term financial health. ritholtz.com/2026/04/evol...

"In a surprise twist, the Epstein files released the attorney general.”  -Jon Lovett

I am aghast listening to people on TV discuss the NFP report of 178k as "Blowout numbers." This is an okay number, not as bad as some recent data points, not as good as others. Call it the soft prejudice of low expectations...

Amazing flight experience for a lucky few: www.instagram.com/reel/DWnO3Ig...

1-year Anniversary of Liberation Day: -US foreign direct investment is lower -US factories employ 89,000 fewer people -US goods trade deficit is UP 2% -Treasury collected billions but must return it -Inflation elevated. -Every court + SCOTUS found them unconstitutional www.npr.org/2026/04/02/n...

'We don't need the Strait of Hormuz' is the new 'foreigners pay the tariffs.'

Welcome to the story of the Silicon Shield. Fascinating video on how Taiwan turned its biggest geographical weaknesses into a global monopoly that no one else has been able to copy. On an island with earthquakes, no freshwater and a hostile superpower 100 miles away? youtu.be/UWBrzzd1_yg?...

There oughta be a law...

The Hateful Eight is 85% of S&P 500 Decline (via @paulkedrosky.com ) paulkedrosky.com/chart-of-the...

Saba’s current alternative tender proposal to EWIT shareholders involves the value of SpaceX being capped at last December’s valuation of $800bn, rather than the expected value of $1.75tn being placed on its coming IPO. www.ft.com/content/e18e...

On your iPhone: 1. Open Settings 2. Go to General → Keyboard. 3. Turn Auto-Correction off Game changer!

3 cheers for Delta! www.nytimes.com/2026/03/24/b...

some Coinbase customers are horrified that the Coinbase app is encouraging them to gamble they're so close

Fun to see how the erroneous predictions line up with how the crypto super PACs were spending. I've spoken before about how Polymarket — despite its PR claims about being more accurate than polls — is often a better signal of what crypto holders WANT to have happen.

The S&P 500 has been down 4 weeks in a row, and six of the last 12 weeks. As of Friday, we were off ~6.8% from recent highs, with the Nasdaq off ~8.2%. This looks less a case of TACO, and more of a case of an oversold market wildly overdue for a bounce...

10 Weekend Reads -Inside OpenAI’s Race to Catch Up to Claude Code -Why Tech Giants Are Ditching the Power Grid -The Tesla Influencers Leaving the ‘Cult’ -What the war has done to Iranians -Agents Over Bubbles -There are no psychopaths ritholtz.com/2026/03/10-w...

10 Friday AM Reads -Finance Bros to Tech Bros: Don't Mess With My Bloomberg Terminal -Bond Traders No Longer Price In Any Chance of Fed Cut in 2026 -Demand destruction has begun -Cuba Is Going Dark -How Did Flea Make a Jazz Album? Practice, Practice, Practice ritholtz.com/2026/03/10-f...

We are in the midst of a hot war in Middle East, Oil prices kiss $120, cooling (pre-war) labor market, + the odds of a recession ticking up from modest levels. And despite all of this geopolitical economic chaos, Silver and Gold are both crashing. Capital flow reversals? Speculative unwind

Today, in silly distractions from War, rising oil prices, falling GDP, Epstein, ICE activities, etc. Government Registers "Aliens.Gov" Domain www.404media.co/government-r...

10 Wednesday AM Reads -The Stock Market Looks Wild Under the Surface -The Biggest Active Stock Funds Picked the Right Stocks. They Still Lagged -Who Ate All the Chinese Stock Market Returns? -America’s Diminished Place in the World -Is MAGA in Its Cringe Era? ritholtz.com/2026/03/10-w...

I remain unconvinced that the MEDIAN alternative fund is worth the fees, illiquidity, and complexity. Unless you can get into a top-decile (maybe even top-quartile) fund, it is simply not worth the headaches. ritholtz.com/2026/03/ill-...

10 Tuesday AM Reads -Et Tu, S&P 500? -Iran Has Just Fired the Most Dangerous Shot of This War + It Wasn't a Missile -Judge Smacks Down Trump's Powell Investigation -China's Edge in an Oil Shock: Electric Cars and Renewables -How the Housing Market Split in Two ritholtz.com/2026/03/10-t...

10 Monday AM Reads -Barron's 100 Most Influential Women in Finance -Why Private Market Funds Are Dangerous for Retail Investors -Global Investment Returns Yearbook 2026 -Should Hot IPOs Get Special Treatment? -Prices for New Cars Have Soared. Here's One Big Reason Why. ritholtz.com/2026/03/10-m...

Nice to see another HNTI book translation - this one into Castilian Spanish, and in great company with the Buffett & Munger book. (Lots more of HNTI translations coming...)

10 Sunday Reads -Nasdaq’s Shame -Iran War 1st Week Cost $11.3B plus -Insurance Catastrophe -The Dirty, Dystopian World of AI Data Centers -Indexing Cap Gains to Inflation Still Illegal/Bad Idea -Trump Just Pardoned Ticketmaster -Oil Prices Could Easily Go Much Higher ritholtz.com/2026/03/10-s...

The strategy of artificial scarcity -- by Porsche, Ferrari, Rolex, Patek, Birken, Chanel, etc. -- continues to generate excess enthusiasm and outsized profits (along with some foolish speculation). Why Collectors Can’t Stop Buying Porsches robbreport.com/motors/cars/...

10 Weekend Reads: –David Zaslav Gets the Last Laugh –They Came to Spy on America. They Stayed to Coach Little League. –Sucker: My year as a degenerate gambler –The Status Economy –Building Brasília –Hollywood’s Most Invisible Job Gets Its Own Oscar ritholtz.com/2026/03/10-f...

Hire a TV attorney to be AG -- what could possibly go wrong?