10 Wednesday AM Reads

My mid-week morning reads:

Robert Kiyosaki, the self-help guru who has made a fortune preaching financial success, is reportedly $1.2 billion in debt due to his real-estate investments. According to a report, the 79-year-old guru's staggering real-estate debt is tied to his sprawling real-estate portfolio.

Ted Gioia predicts the future of AI with brutal honesty, stating that 95% of AI pilot programs have failed and 86% of the public now distrusts AI, suggesting that you could get more reliable information from tarot cards.

The S&P 500 Momentum Index has seen a significant decline, losing more than 9% since July 1 compared to the S&P 500’s 2.8% gain, highlighting the "self-fulfilling prophecy" of betting on rising winners which has turned into a losing game for investors.

Fifty years ago, the Vanguard Group of Investment Companies launched its first passive index-tracking fund, which is now managing a staggering $1.7 trillion in assets, more than most sovereign wealth funds.

There is a surge in proposed and existing gas projects for data centers, with gas-fired power in development nearly doubling in less than a year, according to Global Energy Monitor research, signaling the data center boom.

Florida may serve as a cautionary tale for the potential senior short-sale crisis that could unfold nationwide, as the housing market is short on homes but abundant in the wrong types of homes for the households of the future.

A Fed governor suggests acting on inflation if it doesn't improve soon, while Bessent argues the Fed should look past high energy prices in determining its next move, complicating the central bank's decision-making process.

Tom Nichols criticizes the Pentagon's decision to appoint a TV host who topped out as a National Guard major to run the Defense Department, questioning the implications of this choice.

The Army secretary resigned after leaking a recent report to Trump about problems in the Army, friction with Tom Hegseth, and the depletion of American reserves, raising concerns among generals.

The decision to strip Pluto of planetary status 15 years ago has reignited debates among Pluto defenders, who are now more passionate than ever about reversing the decision.