Sunday links: extended time horizons

StrategyInvestors under the age of 40 have not really experienced a drawn out bear market. (blairbellecurve.com)Long term investors probably fear bear markets too much. (tker.co)When, not if, bonds matter. (humbledollar.com)CompaniesSpecial executive payouts are becoming more commonplace. (wsj.com)The Ellison cinematic universe has a lot of different debt outstanding. (ft.com)AlternativesWhat the SEC is proposing on performance fees and interval funds. (morningstar.com)Democratizing alternative investments makes sense in theory, less in practice. (wsj.com)FinanceTokenization is booming. (tomtunguz.com)The DTCC is investing in iCapital. (wealthmanagement.com)What it would take for a futures market in compute to work. (ft.com)Law and orderGovernment lawyers are being faced with tough decisions. (newyorker.com)Some local police agencies have cleaned up working for ICE. (wsj.com)SpendingHow much does the Department of Defense actually spend? (motherjones.com)Why did Krisi Noem buy a