My weekend morning train WFH reads:
• Trump has no trade strategy for China: A tactical hideaway showing leverage in Washington and Beijing stages. (Wall Street Journal))
• Preparing tax-reducing ETF Trailblazer for new $5 billion haul: ETF Architect has a backlog of ETF conversions that will be done this year. Despite the additional costs, trading is “easy” for clients.Bloomberg)) Please refer BlackRock Goldman Scale-Up Tax Act 3 Trillion SMA Boom: BlackRock Inc., Goldman Sachs Group Inc., Morgan Stanley are among the companies expanding their strategy called Tax LOSS Harvest, which is usually offered through a customized portfolio called individually managed accounts. (Bloomberg))
• YouTube hosted 2 billion videos and launched a superstar. Including some fame, it wants moreWithin the platform that gave me the hot stuff, Michelle Carré, the chicken shop dates, and the mythical mornings that Justin Bieber and Millbasted didn’t mention, it embraces dual nuclei and so on. (Vanity Fair))
• Yale is in a hurry to sell billions of dollars in private equity investments: The university sells multiple shares in private equity funds as the industry struggles and President Trump targets Ivy League institutions. (New York Times))
• Global banks scramble to hire the best talent in Japan, where the fastest growing world banksJapan’s booming financial markets have sparked a fierce talent war, banks rely on extreme measures to recruit and maintain staff, and former employees are holding parties to seduce them. In one of the toughest labor markets in the world, recruiters spend hours cornering room applicants and begging them at parties. (Bloomberg))
• Social media, if done correctly, can be a key tool for financial advisors: LinkedIn, X, Facebook and other platforms are changing the business of asset management, especially for younger advisors. (Baron’s))
• News sites are being crushed by Google’s new AI tools: Chatbots replace traditional Google searches and disastrous traffic for some publishers. (Wall Street Journal))
• How to strengthen your happiness muscles: Psychologists call it reward sensitivity. And simple steps will help you increase your drive, find positive emotions and enjoy life. (New York Times))
• We secretly win the war against cancer: A quiet revolution that prevented millions of cancer deaths. (Vox))
• Sly stones and the sound of America that could not last long: The influential musician who passed away on Monday in 1982 fakes harmonies (such as music) that he couldn’t hold together himself. (New York Times))
This week, Dr. William J. Bernstein, Maryland, is a retired neurologist, principal of efficient frontier advisors for money management companies, and author of several bestselling books on finance and history. He was the recipient of the CFA Institute’s 2017 James R. Vertin Award. His latest book is Crowd delusions: Why are people angry in groups?.
There is high uncertainty for businesses
sauce: Apollo
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The 10th AM post first appeared in the big picture.
