A study of thousands of CEOs found that artificial intelligence has not yet had a measurable impact on employment or productivity levels in their companies. The research suggests AI's economic effects may be slower to materialize than anticipated.
Wall Street firms are showing increasing interest in bitcoin, with multiple institutions competing to enter the cryptocurrency market. This heightened activity reflects growing institutional adoption of digital assets.
Robinhood is growing twice as fast as Charles Schwab across all major metrics, prompting traditional brokerages to adopt crypto, prediction markets, and tokenization strategies to remain competitive.
The equity risk premium is a key component in corporate finance hurdle rates, valuation discount rates, and financial planning expected returns. A 2026 update of the author's comprehensive paper on ERP is now available for practitioners.
Active investing success is uncommon, and even among consistently successful investors, distinguishing luck from skill is difficult. There are also significant variations in market perspectives and investment strategies.
AI is creating shortages in chips, energy, and commodities, which could impact inflation and markets. The discussion also covers why stocks keep hitting new highs despite economic pressures and examines bitcoin's potential for a major move.