The Rise of Turing Robots Leads to a Fall in Wages

The Rise of Turing Robots Leads to a Fall in Wages

From 1970 to 2007, the U.S. economy grew at an average rate of about 3 percent a year (2.8 percent for the period from 1970 to 2012). The distribution of labor income was stable until about 1980. Then something happened. The economy’s real growth rate remained on the same trend, but the distribution of income started…

Michael Mauboussin: Challenges and Opportunities in Active Management And Using BAIT #MICUS

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkMichael Mauboussin's notes from his presentation at the 2020 Morningstar Investment Conference, held on September 16th and 17th. Q2 2020 hedge fund letters, conferences and more Michael Mauboussin: Challenges and Opportunities in Active Management Michael Mauboussin is Head of Consilient Research at Counterpoint Global in New York. Previously, he was Director of Research BlueMountain Capital, Read More