Quote of the Day
"This moment requires treating the AI-safety debate skeptically but also taking it seriously, even if the participants can seem unserious."
(Charlie Warzel)
Markets
- How bond math works with ~5% yields (awealthofcommonsense.com)
- How to structure a bond portfolio, especially if you don't know where interest rates are headed. (humbledollar.com)
- Bonds are now investable. (dampedspring101.substack.com)
Berkshire Hathaway
- Howard Buffett is now the chairman of Berkshire Hathaway ($BRK.A). (wsj.com)
- Three issues to consider with the new Berkshire Hathaway ($BRK.A). (newsletter.rationalwalk.com)
AI
- The AI universe is complicated. (ft.com)
- How an Iran strike damaged an Amazon ($AMZN) data center. (arstechnica.com)
- How an AI hallucination almost caused a military operation. (techcrunch.com)
ICE
- ICE did not do adequate vetting during its hiring spree. (yahoo.com)
- Alligator Alcatraz really was rife with abuses. (nbcnews.com)
Politics
- Historically the Attorney General doesn't campaign for political candidates. (nytimes.com)
- Trump has banned more media outlets from the White House. (axios.com)
Stay in touch
- Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Policy
- The federal government cut the civilian workforce. To what end? (bloomberg.com)
- More signs the administration is dismantling the firewall between politics and data. (axios.com)
- The IRS doesn't want to fee up to their failures. (nytimes.com)
- How FEMA incentivizes houses falling into the ocean. (npr.org)
- Money for national parks has been diverted to Washington DC. (nytimes.com)
Iran
- The DOD has not been forthright about Iran war casualties. (msn.com)
- The U.S. was behind as behind two military strikes on a school and sports facility in Iran in February. (cbc.ca)
Economy
- Manufacturing is hanging in there. (bonddad.blogspot.com)
- Nobody really knows what to expect with oil and fuel prices. (ft.com)
- The economic schedule for the coming week. (economicweekly.substack.com)
Earlier on Abnormal Returns
- Top clicks this week on Abnormal Returns. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)