Friday links: mediating norms

BondsThe good news on bonds. (morningstar.com)The case for muni bonds. (ritholtz.com)StrategyDiversification means more than asset classes. (awealthofcommonsense.com)Investors just don't have a good track record with thematic ETFs. (morningstar.com)Jeff Malec talks with Ian Cassel, author of "Stock Picker: How to develop the mindset, temperament, and strategy to outperform Wall Street." (rcmalternatives.com)AIProving a return on AI is challenging for companies. (apollo.com)AI doesn't need to reach superintelligence to cause harm. (calnewport.com)Just how good are open-source models? (ft.com)Agents use a lot more tokens than humans. (tomtunguz.com)AI hates CAPTCHA as well. (semafor.com)AppleApple ($AAPL) still knows how to put on an event. (spyglass.org)How the iPhone Duo came to be. (tomsguide.com)Do you really want your Apple Watch listening to you? (sixcolors.com)Stay in touchWork in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)Do