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...

NetflixDon't be surprised if Netflix ($NFLX) starts airing NFL games. (spyglass.org)How Netflix ($NFLX) became the future of television. (theirrelevantinvestor.com)BREITHow has BREIT shrugged off the downturn in commercial real estate? (insights.finominal.com)Why private real estate may not belong in a structure like BREIT. (citywire.com)Fund managementWhy...

PodcastsDaniel Crosby talks with Naomi Win about why we hate uncertainty so much. (standarddeviationspod.com)Brendan Frazier talks with Emily Koochel about combining technology and financial psychology. (podcasts.apple.com)The bizWhat Goldman Sachs ($GS) hopes to achieve in the RIA custody business. (barrons.com)Why Focus decided to merge Buckingham...

MarketsNo news is good news for the stock market. (tker.co)The stock market has gone nowhere the past 10 weeks. (allstarcharts.com)What Wall Street jargon really means. (awealthofcommonsense.com)CompaniesApple ($AAPL) is now taking AI seriously. (nytimes.com)Adobe ($ADBE) is walking a fine line when it comes to AI. (theatlantic.com)FundsMutual funds...

Top clicks this weekWe are in the midst of a historic bond bear market. (awealthofcommonsense.com) Why TIPS are more attractive than nominal bonds at this point. (morningstar.com)Charlie Munger was constantly learning and "unlearning." (davisfunds.com)Stocks have stopped going up. (sherwood.news)Don't take your investing advice from TikTok. (ritholtz.com)The...