Zephyr's Adjusted for Risk: Why do Humans Struggle at Picking Stocks?

Published on April 27, 2026

Ryan Nauman interviews 3AI founder/CEO Jacob Ayres-Thomson about using machine learning to generate alpha, why active managers often underperform, and how AI can reduce the analysis bottleneck while still complementing human judgment.

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Bond Traders Eye Packed Week of Rate Decisions for Sell Signals

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The world’s most important central banks will potentially hand investors fresh reasons to sell government bonds this week as policymakers find themselves forced to confront the risk of a war-driven inflation shock.

Blame the Victim, Inc.

April 27, 2026
As the authors point out, the i-frame seeks behavioral change within an unquestioned, fixed s-frame. Alas, while system change can be challenging, human nature change proves yet more difficult. Though gimmicky i-frame interventions often initially generate enthusiasm, their long-run benefits usually disappoint.