Incremental Insights #44
A weekly collection of mostly investing and business related content
Google May Be on The Brink of a Breakup
The tech giant now faces unprecedented antitrust pressure that could reshape both its search and advertising businesses.
A federal judge ruled against Google's advertising technology monopoly while the company simultaneously battles remedies in its search monopoly case, potentially forcing it to share search data with competitors and end exclusive default placement deals - all as AI-powered search alternatives gain momentum.
The Trend is Your Friend
The evolution of trend-following from its pioneering days with Richard Donchian in 1949 to today's $300bn industry. How the sector transformed from delivering mid-teens returns to struggling with mid-single digits amid increased competition and the rise of lower-cost ETF alternatives.
The Secret Fees Behind $9.7 Trillion in Passive ETFs
In a $9.7 trillion passive ETF market, index providers quietly collect significant licensing fees that can eat up to 25% of an ETF's expense ratio. Competition among index providers is increasing and when ETFs switch indexes it often leads to fee reductions.
Toast: The Restaurant Operating System
I’m working on an article all about Central Nervous
System software companies and, spoiler alert, Toast was one ofthe first examples that came to mind. I went back and relistened to this episode to help refresh my understanding of the company.