AI Tom Brakke, “AI bots can mimic what has worked in the past. Humans should bring something else to the endeavor.” (investmentecosystem.com) Jayant Gandhi, “Agentic AI does not eliminate accountability. It relocates...

Markets Washington DC leaks are now hitting the oil market. (giftarticle.ft.com) Looking for value? Look overseas. (mailchi.mp) Strategy Good luck trying to time the stock market. (morningstar.com) On the benefits of writing about markets every...

Podcasts Ben Carlson and Michael Batnick talk tax alpha with Erkko Etula, CEO and CIO of Brooklyn Investment Group. (awealthofcommonsense.com) Ashley Quamme and Meghaan Lurtz talk about how ‘OARS can transform how you connect with...

Markets The stock market doesn’t know more about war than anyone else. (tker.co) Domestic fertilizer makers are cashing in on the Iran war. (ft.com) You can’t ignore the news, you can only manage it. (awealthofcommonsense.com) IPOs...

Also on the site Are you a financial advisor? Every Friday we send a (free) advisor-focused newsletter. (newsletter.abnormalreturns.com) Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) Top clicks this week...

AVs AVs are racing ahead of regulators. (axios.com) Uber ($UBER) and Rivian ($RIVN) made a deal for 50,000 robotaxis. (engadget.com) A first hand account of Tesla ($TSLA) FSD gone wrong. (theatlantic.com) PJ Vogt on the rich history of the development...

Strategy Big portfolio changes are hard to reverse. (wsj.com) How your strengths and weaknesses as an investor relate. (microcapclub.com) Private assets Goldman ($GS) and JPMorgan Chase ($JPM) are offering hedge funds ways to bet against the private...

Finance The case for this being the end of the private asset boom. (blogs.cfainstitute.org) Jeff Bezos is out raising money for a fund to acquire manufacturing companies and apply AI for automation. (wsj.com) AI AI’s effects on company economic moats...

Books An excerpt from “Project Maven: A Marine Colonel, His Team, and the Dawn of AI Warfare” by Katrina Mason. (bloomberg.com) An excerpt from “The Science of Repair: How People who Believe in Facts Can Build a Better Future” by...

Oil Commodities have been the only haven YTD. (capitalspectator.com) A look beyond the headlines in the oil market. (ft.com) The Strait of Hormuz is not entirely closed off. (sherwood.news) Strategy The median alternative investment is probably not worth...