Friday links: refueling more often

StrategyTen lessons learned from the markets in 2025 including 'Even with a clear crystal ball, markets are unpredictable.' (larryswedroe.substack.com)Three ways to simplify your portfolio. (morningstar.com)Why you should build portfolios for the long run. (theretirementmanifesto.com)Degenerate economyThe degenerate economy is growing and StockTwits is benefiting. (howardlindzon.com)We are living in the age of 'surreal financial assets.' (timharford.com)When you put a casino in everyone's pocket, people are going to play. (dopaminemarkets.com)A lot of prediction markets require arguments around actual outcomes. (riskgaming.com)Regulators have been turned from 'watchdogs into cheerleaders.' (citationneeded.news)Sports businessAre pro sport franchise values going to keep going up in 2026? (frontofficesports.com)KKR ($KKR) agreed to acquire Arctos Partners. (pe-insights.com)The NFL is hitting on all cylinders. (frontofficesports.com)ProteinThe new food pyramid emphasizes meat and full-fat