AI stocks aren't like the dot-com bubble. Here’s why
Today’s craze over generative artificial intelligence is different, Godes said. He now teaches at Johns Hopkins, and his students aren’t leaving for Silicon Valley any time soon. They’ve got a healthy skepticism of the emerging technology, he said. That’s just one reason why he sees excitement about AI as entirely unlike the early internet era.
Survivorship Bias
There's a huge difference between a team that asks, "What went wrong with the failed trials?" and a team that only asks, "How can we repeat this success case?" Failed trials reveal what we lack and what we need to fix. Successful ones show a few of many ways things can work well.
Family offices now rival hedge funds as a way for the ultra-rich to hoard their wealth
The richest families in the world are projected to see their wealth grow even more – ultimately reaching $9.5 trillion by 2030 – as single-family offices continue to grow and expand their assets, according to a new report from Deloitte.
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What I am reading:
Nicholas Pelham, the Middle East Correspondent for the Economist gives a rare glimpse into the conditions in modern day Iran. His account is particularly fascinating to me because my parents immigrated from Iran in 1977 and I have never been able to go back to visit given safety concerns. Warning this is a long read.
1843 Magazine - Trapped in Iran
Howard Marks is one of the most successful investors around and in my opinion his brilliance exceeds even Warren Buffet's. I look forward to reading his famous Memos that typically come out every quarter. His latest one speaks about the parallels between real life situations and investing with game theory. After reading it I have been actively looking for a poker coach for myself and my daughter.
Oak Tree Capital - You Bet!
I love watching nature and animal shows and am particularly fascinated with exotic animals like Giraffes (although I dont have any pets). If you are too, then have this quick read about some fascinating facts about Giraffes I bet you never knew.
Quartz - A tall drink of water
