MarketsThree assets that don't diversify your portfolio as well as you think. (morningstar.com)Risk-on assets have failed to outperform in 2024. (allstarcharts.com)How market consensus forms. (mrzepczynski.blogspot.com)ExchangesCME Group ($CME) is planning to launch bitcoin trading. (ft.com)The CFTC doesn't want you betting on event contracts. (sherwood.news)FinanceBerkshire...

BooksA Q&A with Michael Muthukrishna author of "A Theory of Everyone: The New Science of Who We Are, How We Got Here, and Where We’re Going." (behavioralscientist.org)An excerpt from "Magic Pill: The Extraordinary Benefits and Disturbing Risks of the New Weight-Loss Drugs" by Johann Hari. (tim.blog)A Q&A with Zoë Schlanger author of "The Light...

MarketsYou don't need ZIRP for crazy stuff to happen in the stock market. (sherwood.news)Timing the meme stock mania is tough. (etf.com)GoogleAI-powered search disconnects us from the web. (platformer.news)How can Google assure us that AI-powered search isn't hallucinating? (theatlantic.com)How will AI search affect Google's advertising business? (wired.com)WalmartAmazon...

PodcastsBarry Ritholtz talks with Andrew Slimmon of Morgan Stanley ($MS) about dealing with concentrated portfolios. (ritholtz.com)Peter Lazaroff talks with Khe Hy about the pursuit of meaningful wealth. (peterlazaroff.com)Morgan Housel on why the long run is made up of a bunch of short runs. (open.spotify.com)Social SecurityIs Social Security going...

DiversificationThe S&P 500 is now nearly 40% of global market cap. (apolloacademy.com)International diversification requires a long time horizon. (awealthofcommonsense.com)StrategyInvestment misses are inevitable. (morningstar.com)Don't confuse selling calls with income. (rogersplanning.blogspot.com)Gold won't save you if stuff really hits the fan....

ModelingHow much can machine learning techniques help in model making? (aqr.com)Fancier models don't necessarily estimate the ERP better. (alphaarchitect.com)The case for ensemble models. (mrzepczynski.blogspot.com)Can AI replace stock analysts? (papers.ssrn.com)ResearchCrashes are the bane of momentum investors. (mrzepczynski.blogspot.com)Why time...