We’ve got some content lined up for early next week, but this will be the last Further Reading of 2025, so it’ a bumper edition. See you all in 2026 (and remember to sign up to our newsletter).

Elsewhere on Friday . . . 

Blackstone’s 2025 holiday video is out (YouTube)

Asymmetry is all you need (The Terminalist)

The Bank Underground Christmas Quiz 2025 (Bank of England)

The Trump Family Business Empire Is Growing. We Mapped Out 268 Pieces of It (WSJ)

When AI comes to town (Sherwood)

There are no shortcuts to affordability (Stay-At-Home-Macro)

The lost generation (Compact)

Artificial intelligence and systemic risk (European Systemic Risk Board)

How getting richer made teenagers less free (The Argument)