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… that I mostly agree with. From Balaji Srinivasan (1) First, the new bottleneck on AI is prompting and verifying. Since AI does tasks middle-to-middle, not end-to-end. So business spend [...]

‘More are published than could ever succeed’ From the Guardian …self-publishing has contributed significantly to book slop mountain. More than 2.6 million books were self-published in 2023 [...]

Kind of like a traveler’s check? Where the bearer signs on receipt? And I wonder, did the bank president and the chief cashier sign every note? Or were they printed on? This note looks a [...]

Today marks the 50th anniversary of the Equal Credit Opportunity Act, which prohibits financial institutions from discriminating based on sex, age and marital status, among other things. The act [...]

50 Cent filed for bankruptcy today in Hartford Connecticut. But that doesn’t mean he’s going to have to go back to slinging crack to make ends meet. That’s because Curtis Jackson (his real name) [...]

A lot of people have been asking what the heck happened in China this last couple of weeks, and whether it’s a problem for us. Let’s answer the second question first: no. The sharp correction in [...]

You’re probably a bit confused about what’s going down in Greece. I can’t blame you: it’s a bit of a mind-bender. The government there has announced a referendum on July [...]

All of a sudden, people are freaking out about the bond market. Blackstone’s Stephen Schwarzman, JPMorgan’s Jamie Dimon and economist Nouriel Roubini are all on record wringing their hands about [...]

From the Wall Street Journal: One of America’s oldest corporate law firms is diving into the business of representing activist investors, betting that these agitators are going mainstream—and [...]

Correction: it’s a word I’ve been reading and hearing a lot recently, and it really seems to be freaking some people out. “The market feels rally high right now. Should I pull [...]