Joe Nocera

The essence of what you call the support system, let's say, in terms of strategy development, it could be in terms of the consulting era in general.

There was one article, I think it was by Joe Nocera, on the Free Press, there was an article that he published, The Consulting Crash.

And this is a result of how AI is amplifying, easing how consultancy is being done.

Now, rather than reaching out for consultants, organizations are utilizing AI as a consulting partner.

They're not just looking to grab headlines, you know, right out of the box.

I worked with some other great journalists at the time, Andrew Ross Sorkin at the Times, Joe Nocera.

They wanted to get the story right.

They were very smart and understood it.

He's, he's incredible.

Uh, joining us now, senior editor, writer at the Free Press, Joe Nocera.

He's author of the book, Indentured: The Battle to End the Exploitation of College Athletes.

He says the new bill is a loss for college athletes.

All right.

It's crazy.

Senior editor and writer at the Free Press, Joe Nocera.

Thank you very much for your insights this morning.

He came out of the fire sale with a slimmed down fund holding somewhere between 8 and 10 billion dollars.

Cliff Asness, who runs AQR, manages a couple of hundred billion dollars and has been doing this for 30-odd years, was asked by the journalist Joe Nocera what he made of the whole affair.

He replied that we should file the phrase, you never go full Kelly, under the heading, things of which you should be situationally aware.

Going full Kelly on Wall Street is means building a portfolio for the maximum possible return with no regard whatsoever for the risk of losing everything.