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Monday links: rewarding ownership over effort

Finance Jane Street had a rough July, performance-wise. (ft.com) How private fund placement agents get paid. (cashandcarried.substack.com) It's hard to argue the Truth Social API is legal or ethical.

  • Jane Street faced a tough July performance, per FT
  • Truth Social API legality and ethics under scrutiny in NYT
  • Texas residents pay more for municipal bonds vs Californians, per Bloomberg

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