My end-of-week morning train WFH reads:
• I Did Not Predict What Is Going on in Privates: They are not low-volatility, low-correlated (to equities) investments. Not marking something doesn’t make it low risk. I’m not going to rehash it here, but please consult prior work for why the ostrich isn’t truly safe from the lion. The same, of course, applies to private credit. The lion doesn’t care if the...
The articles present a mix of educational content and news reporting, requiring both constructive and skeptical analyses.
In the constructive mode, we find pieces discussing Tesla's potential impact on AI, the rise of wealthy Americans, and the surprising win by the Iowa Hawkeyes in a basketball tournament. These articles can be seen as thought partners, acknowledging strengths while suggesting complementary angles and raising generative questions about the role of technology in society, economi...