Compounding Wisdom: AI Mania, Consumer Spending, and the Rebalancing Question

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In this episode of Compounding Wisdom, Jared and I discuss

1. Another week of artificial intelligence - the rapid rise of AI-related companies, the growing influence of private AI firms like Anthropic, and what history suggests about highly anticipated IPOs.

2. The health of the consumer, with insights from Walmart, Costco, savings rates, and credit card debt trends.

3. Finally, we address one of the most common investor questions: when to rebalance a portfolio.

Be sure to listen until the end, when we share the Wisdom of the Week. This week, we share lessons on hospitality, leadership, and excellence from Danny Meyer (author of Setting the Table) and Will Guidara (author of Unreasonable Hospitality).

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What AI, Walmart, and Costco Are Telling Us About the Economy

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Now here’s what I’ve been reading, listening, and watching:

• Berkshire, Big Tech, and the Rise of the AI Economy | Compounding Wisdom | Ludacka Wealth Partners

• Steve Ballmer Explains: The Federal Reserve | Just the Facts

• Aswath Damodaran: The AI Boom Is Headed For A Reckoning | Prof G Markets

• Jeff Kinney | Diary of a Wimpy Kid: Partypooper | Talks at Google

• Susie Wolff | Driven | Talks at Google

• Marc Andreessen’s Worldview in 60 Minutes | Live on MTS | a16z

• Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z

• The Valuation Treadmill by James Park

Here Were My Top 5 Posts From May:

• Is There a Bubble Brewing in Chip Stocks?

• An Update on Trump Accounts

• After 60 Years, a New Voice at the Berkshire Meeting

• Wisdom From The CEO of Pilot

• Wisdom From Eric Church