My morning train WFH reads:
• Will Danoff, Fidelity Contrafund’s Legendary Manager Keeps Beating the Market. Now He’s Getting Closer to Passing On the Reins. The legendary manager has taken on two co-managers to help him run the mammoth fund. Just don’t use the word “retirement.” (Barron’s).
• The Next Step on the Bond Ladder: ETFs New funds offer income from bond ladders inside an ETF. Here are the pros and cons for investors. (Morningstar)
• Termites are slowly feasting away at the foundations of the dollar’s dominance. The dollar’s dominance was built on the foundation of America’s many strengths. But like termites eating away at a house’s woodwork, Trump’s dysfunctional policies are eating away at its support and rendering the US currency acutely vulnerable to future shocks. (Financial Times)
• Management Fees as the Anti-Alpha: What’s a management fee? Why are investors using this contractually fixed fee in their endeavor to seek market alpha? (Cash and Carried)
• Stung by Trump, America’s Top Trading Partners Shift Gaze to China: Some U.S. allies are weighing closer ties to Beijing as they seek alternative markets (Wall Street Journal) see also Canadians Are Boycotting US Ski Slopes: Travelers from Canada, long the biggest source of international visitors to the US, have pushed back against the president’s imperialist rhetoric. Winter resorts are feeling the chill. (Businessweek) see also How Canada Became an Enemy: It’s not about trade, it’s about ego. (Paul Krugman)
• OpenAI Wants To Create Biometric Social Network To Kill X’s Bot Problem: OpenAI is quietly building a social network and considering using biometric verification like World’s eyeball scanning orb or Apple’s Face ID to ensure its users are people, not bots. (Forbes)
• Trump is dealing with an immigration mess of his own making: The killing of Alex Pretti on Saturday, coming just two weeks after the shooting death of Renée Good, represents a crisis moment for Trump’s immigration policy. (Washington Post)
• Why Your “Squirrel-Proof” Bird Feeder Never Stood a Chance: You’re handing puzzles to expert problem-solvers. (Slate)
• Minnesota Proved MAGA Wrong: The pushback against ICE exposed a series of mistaken assumptions. (The Atlantic)
• When the World Turned to Color: The Inside Story of The Beatles on Ed Sullivan: There are moments in history that act as permanent markers of “Before” and “After.” The printing press. The atomic bomb. The moon landing. On a cold Sunday night in February 1964, four young men from Liverpool joined that list. In just 12 minutes and 40 seconds of television, they didn’t just play songs; they redrew the cultural map of the Western world. (Beatles Rewind)
Be sure to check out our Masters in Business interview this weekend with Kate Burke, CEO of Allspring Global Investments a global asset manager with more than 600 billion dollars in assets under advisement. She is also a director on the firm’s board. Previously, she was at AllianceBernstein as COO/CFO.
Europe’s Top Economies in 2026 by Projected GDP
Source: Visual Capitalist
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