Thursday links: a lack of trust

Investment writingNick's favorite investment writing from 2025 including 'The Last Decision by the World’s Leading Thinker on Decisions' by Jason Zweig. (ofdollarsanddata.com)Book recommendations from Meb Faber's podcast guests including "Breakneck: China's Quest to Engineer the Future" by Dan Wang. (news.theideafarm.com)Prediction marketsOn the Kalshi-ification of everything. (fastcompany.com)If prediction markets are manipulable, do we want news networks relying on them? (slate.com)Gemini ($GEMI) is jumping into the prediction markets game. (theblock.co)CompaniesDisney ($DIS) has thrown in with OpenAI. (spyglass.org)How Ted Combs came to run JP Morgan's ($JPM) new Security and Resiliency investment fund. (giftarticle.ft.com)Eli Lilly's ($LLY) new weight loss drug candidate retatrutide showed big weight loss effects. (biopharmadive.com)EconomyThe Fed has signaled that it will stop shrinking its balance sheet. (investmenttalk.co)When it comes to inflation there is plenty of blame to go