Claude is Walter Cronkite for the stock market. @mjmauboussin talks about how a breakdown in diversity leads to bubbles and crashes. Gavin thinks Claude might be causing that right now. ”Everyone I know in the public equity investment business, whether retail or institutional, everything immediately, every piece of news gets fed into Claude—Claude, Claude code, sometimes a Claude agent. Claude is probabilistic. There's probably not that much variation in the way it's interpreting this news. People talk about the fragmentation of media and how it used to be like Walter Cronkite was the only voice of truth, and now we don't have that anymore. It's like Claude is Walter Cronkite for the stock market, and everybody just believes whatever it says.”

The incredible daily routine of Paul Tudor Jones: 2:30 AM Wake up, work for 30 minutes 3:00–3:45 Watch the London open, analytical work 3:45 Back to sleep 6:15 Wake up, repeat 6:15 Wake up 6:15–7:00 Work 7:00–7:45 Workout, 45 minutes of hard cardio 8:00 At the screens for the market open 8:00–10:00 AM Screens, no meetings 10:00–12:00 Meetings 12:00 Lunch 1:00 Meeting 3:00–4:00 Hour before the close: map out the next day 4:00 Market close 4:00–5:00 Hour after the close: think about Tokyo and Hong Kong, map out tomorrow 5:00–6:00 PM Walk with wife 6:00–7:00 PM Work 7:00 Eat and watch the news 8:00–9:30 Netflix / mindless entertainment 9:30–10:15 Work 10:15 Bed 2:30 Wake up, repeat He's had the same routine for over 40 years.