Something Good for the Month
May 2025

CFA Institute | AI Bias by Design: What the Claude Prompt Leak Reveals for Investment Professionals
A leaked AI system prompt reveals hidden biases in Claude’s outputs. What every investment professional should know about using LLMs effectively.
YouTube | Michael Green on Gold, Rates & This Market’s “Good Will Hunting” Moment
The conversation spans various pivotal moments including the 1987 stock market crash, the ‘Big Short’ trade during the 2008 financial crisis, and his insights as a portfolio manager at firms like Canyon Partners and Soros Fund Management. Michael also discusses his current role at Simplify Asset Management, where he leverages both active and passive investment strategies. The discussion delves into the dynamics of market flows, the implications of passive investing, and the critical role of market structure in understanding economic shifts. Michael’s perspectives on gold, Bitcoin, and the future impacts of artificial intelligence on the economy round out this comprehensive dialogue.
Visual Capitalist| Ranked: The World’s Biggest Shadow Economies
The world’s $12.5 trillion informal economy covers nearly every corner of the world, seeing the highest concentration in emerging economies. This graphic, via Visual Capitalist’s Dorothy Neufeld, shows the largest shadow economies in the world.
The Epoch Times | How Scotch Whisky Came to Be
A single line in a royal financial account leads us into the fascinating history of Scotch whisky. On June 1, 1495, a secretary penned the following: “To Friar John Cor, by order of the King, to make aqua vitae, VIII bolls of malt.”
YouTube | Louis Dunford – Ballad of Benjamin (Live From Hammersmith)
The song is a deeply personal tribute to Dunford’s childhood friend Ben Kinsella, who was tragically killed in a knife attack in Islington, London, in 2008 when both were just 16 years old. The song recounts the immediate aftermath of Ben’s death, with Dunford drawing on his own experience of being present at the scene and holding his friend in his final moments. This is as raw and emotive as storytelling gets.
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