Tuesday links: a very simple model

AlternativesThe private credit industry has failed to educate their investors. (bloomberg.com)Why LPs are wary of GP stake investors. (pitchbook.com)Bill Ackman wants your money. (semafor.com)CompaniesIt looks like Live Nation ($LYV) is going to largely get an anti-trust pass. (thebignewsletter.com)Retailers are trying to wean customers off of free shipping. (wsj.com)How Lego bucks negative toy trends. (cnbc.com)AIIt's hard not to be skeptical about the AI data center buildout. (om.co)Management consultants are the new AI evangelists. (wsj.com)What is AI comes up with solutions we can't understand? (asimov.press)How AI is changing mathematics. (newscientist.com)IranWhy the U.S. reversed course on Ukrainian drone defense technology. (axios.com)The administration loves to use the word 'war' except in an actual war. (theatlantic.com)Sri Lanka didn't ask to be involved in the Iran war. (wsj.com)War is not entertainment. (thebulwark.com)EconomyMore signs that the U.S. economy has stopped n