Tuesday links: eroding institutions

MarketsMore signs of a risk-on market. (trendlabs.com)Five key investing themes from Warren Buffett's early letters including 'Good investment ideas are rare.' (morningstar.com)CryptoJP Morgan Chase ($JPM) is planning a push deeper into crypto. (axios.com)Now some digital asset treasuries are reversing course. (theblock.co)Binance is once again under scrutiny. (finance.yahoo.com)FinanceMarco Masotti, “Private equity firms don’t die. They wither over time.” (nytimes.com)Asset manager Janus Henderson ($JHG) is going private. (thinkadvisor.com)Of course prediction markets are gambling. (huddleup.substack.com)Real estateAs construction continues to shift toward data centers, real estate investors have to take note. (wsj.com)Data centers are buying up land that could be used for housing. (housingwire.com)Weight loss drugsThe FDA approved a daily pill version of Novo Nordisk's ($NVO) weight-loss drug Wegovy. (axios.com)A look at the gray market for unapproved weight loss drugs. (theatlantic.