JP Morgan report analyzing Q2 S&P 500 earnings, the impact of AI investments on U.S. growth, the politicization of economic data, and structural shifts in trade, immigration, regulatory, and fiscal policy.

The excellent article examines the decline in returns on pharmaceutical research and development and questions the absence of biotech companies valued in the trillions of dollars. It highlights high-impact areas such as cancer, Alzheimer’s disease, and autoimmune disorders, while assessing strategies including genetics, drug repurposing, and artificial intelligence in the development of new therapies.

The link leads to a Kingswell compilation of 95 notable quotes from Warren Buffett in celebration of his 95th birthday

Visitors to medieval castles and churches inevitably wonder how such structures could have been built without modern technology. The Guédelon Project, launched in 1998, seeks to answer this question by reconstructing a medieval castle using only the techniques and materials available at the time. Beyond its experimental character, the project provides valuable scientific insights, enhancing our understanding of medieval architecture, engineering, and social organization.

Falta menos de um mês para o lançamento do novo livro de Morgan Housel, The Art of Spending Money. Neste podcast, com duração de apenas 11 minutos, o autor antecipa alguns dos principais conceitos que serão explorados em sua obra.