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Federal Reserve Chairman Warsh: I have met with U.S. Treasury Secretary Bessenter three times so far.

2026-06-18

Federal Reserve Chairman Warsh: I have met with U.S. Treasury Secretary Bessenter three times so far.

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2026-06-17

Florida-based asset manager Polen illustrates how missing a mega winner in the AI boom can reshape a firm: over four years its assets under management fell about 60%, down nearly $50bn to roughly $33bn. The firm's six equity mutual funds run concentr

Florida-based asset manager Polen illustrates how missing a mega winner in the AI boom can reshape a firm: over four years its assets under management fell about 60%, down nearly $50bn to roughly $33bn. The firm's six equity mutual funds run concentrated portfolios; flagship Polen Growth Fund holds under 30 stocks and did not buy NVIDIA (NVDA.O), instead maintaining positions in software names Adobe (ADBE.O), Salesforce (CRM.N) and ServiceNow (NOW.N). In a June 2023 client letter Polen wrote “we believe that nearly all upside opportunities currently visible have already been priced in by the market” on NVIDIA; the stock then rose about 400% while an index tracking cloud software fell roughly 3% over the same period. Polen says it reversed its prior bearish view on AI chips at end-2025, acknowledged the misjudgment and began buying related stocks.
2026-06-18

Federal Reserve Chairman Warsh: Most of the data we use employs outdated survey methods.

Federal Reserve Chairman Warsh: Most of the data we use employs outdated survey methods.
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