@ritholtz.bsky.social Hypothesis on Epstein: He was hired to be Putin's money manager and did well enough at that that the Russian FSB had him focus on underage girls to compromise American politicians and business leaders. He got a lot of the latter,

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“…one might imagine that creation of a national camera network would require “high-profile debate on the nightly news” and congressional action. Instead, she observes, it can take little more than seconds at a town-board meeting and a police chief’s signature.“

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T-Bills and Chill? Try Munis & Chill Instead ritholtz.com/2026/09/tbil...

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I am very doubtful that greater humility is what Warsh considers his mandate. So far I only hear about less transparency. Promising humility also wasn't exactly what got him the job.

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Evidence keeps accumulating that LLMs are a powerfully useful technology for people who already know what they're talking about, and a dangerous outsourcing of cognitive function for people who don't. This can occur within a single individual, who knows a lot about some things and not about others.

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