Friday's Fast Five: Week of 9.5
JPMAAM’s Pearl Anniversary Insights: 30 "pearls" of wisdom from our last 30 years (JP Morgan): The last three decades were not without adversity, and the industry overcame periods of fragility to emerge even more resilient than it had previously been. We experienced the evolution firsthand as stewards of our clients’ capital. Along the way we uncovered the lessons that are borne out of each mistake, the keys to success and the skills we believe are necessary to persevere. As we celebrate this important milestone, we reflect on these past 30 years and are excited to share the 30 most important investment insights from our journey. The times might have changed, but the wisdom remains the same.
A Better Way to Think About AI (The Atlantic):No one doubts that our future will feature more automation than our past or present. The question is how we get from here to there, and how we do so in a way that is good for humanity.
Steve Wozniak on fighting internet scams (CBS News): "You helped start the computer revolution that brought us where we are today – good or bad?" "Well, it was good," Wozniak replied, "until the internet came and it offered new business models, you know, ways to have power over other people and control a lot of customers. That's when some of the bad started happening." And some of that "bad" has happened to Steve Wozniak, when a scam on YouTube was using his image to steal bitcoin.
Walmart and Other Retailers Have Eaten the Cost of Tariffs. Now It Is the Consumer’s Turn. (Barron's): U.S. shoppers have shrugged off economic headwinds for years. But with retailers starting to pass along tariff costs, the true test of consumer strength—and of retail stocks—is just beginning.
How to Beat the Market (Humble Dollar):