Wednesday links: fighting financial nihilism

StrategyWhy doomsayers are more wrong than not. (awealthofcommonsense.com)Why the promise of emerging markets has fallen short. (morningstar.com)Small traders on Polymarkets are net-net money losers. (bloomberg.com)CompaniesThe audio business needs to consolidate. (axios.com)Some real doozies from this year's round of proxies. (ft.com)The elevator business is consolidating. (cnbc.com)AIBright Simons, "The AI industry is telling a story about the future of work that goes roughly like this: automate what can be automated, augment what remains, and trust that the productivity gains will compound into a wealthier, more efficient world." (theideasletter.org)Google and Meta are using AI to drive their advertising businesses to new heights. (nytimes.com)AI companies are pushing hard to build data centers. Opponents are trying to slow things down. (arstechnica.com)AI resentment is growing. (axios.com)HealthHow Amazon ($AMZN) really wants you to be your pharmacy. (sherwood.news)Europe has autho