Monday links: a captured agency

May 2026The S&P 500 returned 5.26% in May 2026. (on.spdji.com)How major asset classes performed in May 2026. (capitalspectator.com)IPOsAnthropic has filed to go public. (techcrunch.com)Investors are finding new ways to get into pre-IPO shares. (bloomberg.com)ETFsDoes the world really need prediction market-based ETFs? (morningstar.com)Who's the target market for target date corporate bond ETFs? (obliviousinvestor.com)Berkshire HathawayMax Anderson, "Buffett built his legacy not just through genius investing, but through developing a reputation for doing business the right way." (theweekendreader.substack.com)Berkshire Hathaway ($BRK.A) is buying Taylor Morrison ($TMHC). (finance.yahoo.com)AICanary Data, makes AI software for professional financial analysts and investors. (wsj.com)How Schneider Electric uses AI. (nytimes.com)How StockTwits uses AI. (howardlindzon.com)EuropeWhy Spain's economy is outperforming. (theatlantic.com)How Germany lost its way. (nytimes.com)Europe needs immigr