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10 Thursday AM Reads - The Big Picture

The Big Picture·Barry Ritholtz·26 days ago
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My morning train WFH reads: • I Asked ChatGPT to Manage a Stock Portfolio. Here’s How It Did. What followed was a monthslong back-and-forth on everything from tariffs to leveraged funds . Spoiler: it picked momentum and got beaten by a bad market. Useful as a reality check on the AI-as-PM pitch deck. I planned to test it for a few weeks. ( Wall Street Journal ) • Storied Toolmaker Closes Its Last Hometown Plant—and Blames Its Tape Measures : WHat a bullshit excuse — Stanley Black & Decker says fewer buyers want the Connecticut plant’s single-sided tape measures, preferring double-sided ones made abroad. ( Wall Street Journal ) but see what really happened Your Power Tools Got Worse on Purpose: The 2010 merger of Stanley Works and Black & Decker created a company that already owned DeWalt. From there they went on an acquisition spree that should have built an empire. Instead it built a bloated holding company drowning in debt and leadership turnover .…

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