Artificial Intelligence
Technology, Productivity Growth, and Why Crazy Valuations Are Not Always Crazy
The trajectory of markets in 2020 has been extraordinary and unexpected. Looking back, both the depth of the pandemic crash and the strength of the rally that has followed it make sense. They were the product, on the one hand, of severe lockdowns, economic closures, and uncertainty; and on the Read more…
Algorithms
“It Wasn’t Me, Ma — It Was the Algorithm!”
Apple [NASDAQ: AAPL] got pilloried on social media in November, several months into the rollout of the new Apple Card (managed by Goldman Sachs [NYSE: GS]). A tech influencer (the creator of the popular programming language “Ruby On Rails”) called out AAPL for giving him a much larger credit limit than his Read more…
