Perscient’s narrative analysis dashboards are incredible. Worth your time if you think story and language are a part of human behavior. (And if you don’t, I got nothing for ya in general.).

Let's talk a little about the claims of "manipulation" here because I think there's a lot of misunderstanding about how this works. The BLS employment data comes from surveys designed to offer a timely, though imperfect, snapshot of labor market conditions. By nature, surveys

Chamath Palihapitiya I worked at BLS for years and can tell you that revisions are completely legitimate. Many field-reported stats simply come in *late* after the close of the month. Would you prefer that they just ignore the newer stats that come in? In fact, as a senior BLS economist I myself led

Joe over the top rope! (He has a way of cutting right to the marrow of things...)

Meaning was always the alpha

The S&P 500 has never been more concentrated in just three stocks than it is today with Nvidia, Microsoft, and Apple representing nearly 21% of the index.

I served in the US Marines at a time when the federal government knowing exposed me to toxic drinking water Camp Lejeune and now my VA healthcare won't even cover the cost of a dental appointment to get a cavity filled. U.S. Marines Va Dept of Health Good times

More fuel for the active/passive debate. Morningstar, Inc. out with its US Active/Passive Barometer, which measures the performance of active funds against passive peers. Only 31% of US stock-pickers beat their benchmarks through the one-year period ending in June, a significant

Huge move and big congrats to Matt Middleton and Anil D. Aggarwal on a phenomenal synergy pickup. Can’t wait to see what they have in store.

Hey The Wall Street Journal, the nonsensical historical captions are really getting out of control. I almost feel like you’re trolling at this point.

52 years ago today, hip-hop was born 🙏 DJ Kool Herc’s Back to School party marked the start of it all.

Sean Tuffy is undefeated. Also this is actualy completely accurate. A 15 year old girl Carjacked the Doge guy, and that's why we have DEA squads gloomily pacing the Mall in DC while everyone jogs by as usual.

I find it difficult to disagree with this assessment. We're not going to make agressive quantum leaps from where we are now with AI without a genuine breakthrough or a moonshot.

Anyone in the index fund/401k/advice markets should watch Hank Green (Science Vlogger) deciding he was too underdiversified because of all the AI hype. youtube.com/watch?v=VZMFp-… (I know this will be deplatformed from the link. I miss when this platform was useful).

Quality

just incentivizes domestic coffee producers to grind harder

Excited to be heading to FP with a billion Zines and a "don't care who gets mad" 25 minute chat on the bonkers state of the ETF industry. Hope to see you there!

Phenomenal from Bob. We’re on an uncivil age. We need more Bob’s.

Tax-aware long/short (est.) AUM update ~$40B - $50B total. In June 2024, I estimated the entire market was less than $10B. AQR alone is now >$30B. I have no visibility into some of the bigger names like Morgan Stanley/Parametric, Gotham (used by BAML), and others. Invesco