Charts and Links

Here are some of the writings that caught our attention this past month:

1. Peter Gordon suggests that converting offices to apartments may represent a win-win opportunity for some cities that currently face both a housing shortage and post-pandemic weakened demand for office space

2. Marco Giancotti provides a lengthy list of psychological studies that failed to replicate…in order words, researchers who did follow-up studies were unable to replicate the often eye-popping results found in initial studies, instead finding much weaker or even nonexistent effects

3. Noah Smith argues that the key to future defense and manufacturing rests in the development of the electric tech stack, which consists of batteries, electric motors, and power electronics

4. Ben Carlson asks that if we are in an AI bubble, what’s the best way to invest under such circumstances? Ride the wave, hedge, diversify, or do nothing? Carlson suggests that the key risk/reward question for investors is which route they’d regret less—“Potentially missing out on further gains” or “Potentially taking part in big losses”

5. Carlson also points out that it’s very difficult to tell when valuations have peaked, and has this nifty chart showing the many peaks of the dot-com boom in the late 1990s:

JMS Capital Group Wealth Services LLC

417 Thorn Street, Suite 300 | Sewickley, PA | 15143 | 412‐415‐1177 | jmscapitalgroup.com

An SEC‐registered investment advisor. 

This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument or investment strategy. This material has been prepared for informational purposes only, and is not intended to be or interpreted as a recommendation. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice.