AlephBlog's profile picture. The two main goals: teaching investors about better investing through risk control, and tying all of the markets into a coherent whole.

David Merkel

@AlephBlog

The two main goals: teaching investors about better investing through risk control, and tying all of the markets into a coherent whole.

Hollywood is fretting over Tilly Norwood, an AI actress unbound by the limits of physical ability, age or talent. Here’s a look inside the creation of Tilly, the brainchild of Eline Van der Velden. wsj.com/arts-culture/f… The first of many to come...


Switzerland’s attorney general filed criminal charges against UBS & a former Credit Suisse compliance officer, saying they failed to take steps to prevent money laundering in what was later called the Mozambique Tuna Bonds scandal wsj.com/finance/ubs-ch… What didn't CS do wrong?


From poker tables to puzzle grids, the games traders play reveal how Wall Street hones its instincts, manages risk and stays one move ahead. bloomberg.com/features/2025-… Balancing risk & return; taking advantage of opportunities.


The Overlooked Oracle: Warren Buffett's 1990 Lecture at Stanford Law School kingswell.io/p/the-overlook… Buffet is always worth a read, but this article relied on a hard-to-find source.


People Are Ordering Smaller Pizzas and Fewer Toppings. What Does That Tell Us? nytimes.com/2025/12/01/bus… Consumers are uncertain amid volatile, unreliable economic policies, and worries over whether they could be replaced by AI.


Get Ready, America: Here Come China’s Food and Drink Chains nytimes.com/2025/12/01/bus… I am so down with this... can't wait until they make it to Koreatown.


After cutting rates by more than a percentage point, Fed officials are now wondering where to stop – and are more divided than ever bloomberg.com/news/articles/… Fiat money is a lot harder to pull off than gold. Just make sure banks are adequately capitalized.


This $3 trillion fund is now betting on private markets after watching from the sidelines for years bloomberg.com/news/features/… Kind of like a beanie baby where you can't tell whether it is a bull or a piggie.


China’s AI Future Looks Like a Long Road to Small Profit bloomberg.com/news/newslette… China is spending a lot of money for no return. This is China in a nutshell -- they waste a ton of resources on what they deem important. And with AI they are way behind. Deepseek cribbed US models.


President Donald Trump has tapped a new architect to help plan his $300 million White House ballroom wing bloomberg.com/news/articles/… It takes a lot of chutzpah to unilaterally destroy and rebuild a huge amount of the White House. Trump is that arrogant.


Phoebe Gates, daughter of Microsoft’s billionaire founder Bill Gates & Melinda French Gates, is raising $30Mn in new funding for Phia, a startup applying AI to online shopping, according to a pitch deck seen by Bloomberg bloomberg.com/news/articles/… May save time for mostly women


Private credit defaults are coming — and that’s ok semafor.com/article/12/03/… Fine, though recoveries tend to be less when they come in bunches. With debt, loss incidence & severity are positively correlated.


SEC Says No to 5x ETFs etf.com/sections/featu… Yay! Now let's close everything above 2x!


Being hot is now a job requirement businessinsider.com/getting-hot-jo… I understand "pretty privilege," but this is ridiculous. Competence is more important.


No visitors. No texting. No escape. For eight days, Ruchika Tandon was “arrested by phone.” This is the inside story of India’s new digital nightmare. bloomberg.com/graphics/2025-… And, it was all a scam. She lost all of her considerable savings.


When IRS Guidance Goes Wrong: How to Avoid Costly IRA Mistakes morningstar.com/retirement/whe… If relying on IRS publications is NOT a defense against making tax mistakes, then why can't we sue the IRS for incompetence?


For as much as broader crypto markets have sunk these past two months — roughly 25% in the case of bellwether Bitcoin — projects that are tied to the Trump family are down far, far more bloomberg.com/news/articles/… Garbage in, garbage out #gigoftheday


In this episode of Bloomberg Investigates, we explore how private equity and debt collectors are making millions on home loans once thought canceled bloomberg.com/news/articles/… Well, they didn't pay off their mortgages, so why should they get of scot-free?


Uber Takes Aim at the Bottom Lines of Billboard Lawyers | Kiplinger kiplinger.com/personal-finan… This is good. Make the lawyers be honest.


The Hidden Truth About Bonds | Five Lessons from Carl Kaufman open.substack.com/pub/excessretu… Excellent article. Very similar to way I manage fixed income, whether for my current clients or for a life insurer.


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