Friday links: overhauling your portfolio

StrategyBig portfolio changes are hard to reverse. (wsj.com)How your strengths and weaknesses as an investor relate. (microcapclub.com)Private assetsGoldman ($GS) and JPMorgan Chase ($JPM) are offering hedge funds ways to bet against the private credit market. (msn.com)What will private credit look like on the other side of a redemption cycle? (morningstar.com)This vintage of software buyouts looks most at-risk. (thealtview.substack.com)BusinessTexas is making its pitch to corporate America. (ft.com)Data centers are a boon to construction company margins. (sherwood.news)Align Technologies ($ALGN) is the biggest user of 3-D printers in the world. (wired.com)The funeral business is ripe for disruption. (news.crunchbase.com)Nilay Patel talks with Rich Greenfield about Parmount's ($PSKY) deal for WBD. (theverge.com)StartupsKalshi has raised more than $1 billion at a $22 billion valuation. (theblock.co)Employee share tender offers are often reserved for just the biggest startups. (pitchbook