SMARTER IN 10

Investments in Data Centers Dwarf AI Spending

?

1. Investments in Data Centers Dwarf AI Spending

Telegraph

?

2. Why is Market Going Up?  Record Profit Margins Before Future AI Cost Savings Even Kick In…

Irrelevant Investor Blog

3. Foreign-Held U.S. Equities Hit New Record Highs

NDR

4. Gold Pulling Away from Bitcoin Since August

Y Charts

5. Lithium Price Still -90% From Highs

Bespoke

6. Distribution of Stock and Housing Wealth in America

Ben Carlson

7. America Loves Warehouse Stores…COST and WMT Higher P/E Ratios than NVDA

CNBC

?

8. Unmanned Naval Vessels Booming

Boom in unscrewed surface vessels

A USMC LRUSV at dockside with eight Hero-120 loitering munitions in a green box and a munitions launcher tube shown on the pier.

Unmanned Surface Vehicles (USVs) are revolutionizing how we explore and protect our oceans. These autonomous vessels, operating at or near the sea surface without any onboard operators, are increasingly being employed across various sectors. From monitoring marine life to enhancing military surveillance, piracy control, and safeguarding offshore industries like gas, oil, and renewables, USVs are becoming indispensable due to their ability to collect data over extended periods at a fraction of the cost compared to traditional research ships, International Defense, Security and Technology reports.

Unmanned Surface Vehicles (USVs) have rapidly emerged as a game-changing military technology, with nations across the globe investing heavily in their development. These autonomous vessels offer the potential to revolutionize naval warfare, providing enhanced capabilities, reduced risks to human operators, and cost-effective solutions for a range of missions. However, as their capabilities grow, so does the threat they pose to maritime security.

Unmanned Surface Vehicles (USV ) is a vehicle that operates at or near the sea surface and  has no vehicle operators on board. The USV are increasingly employed as they collect data for longer periods of time, at a fraction of the cost of Research ships, and with wide ranging scientific and industrial applications – from monitoring marine life to military surveillance, piracy control, fisheries protection and the offshore gas, oil and renewables industries.

Ukraine’s Strategic Use of USVs: Disrupting Modern Naval Warfare

Ukraine has strategically employed Unmanned Surface Vehicles (USVs) as a powerful tool in its ongoing conflict with Russia, particularly in the Black Sea. These versatile and cost-effective unmanned vessels have proven to be disruptive assets, capable of executing high-impact missions against Russian naval forces while minimizing risks to Ukrainian personnel. Ukraine’s innovative use of USVs underscores their growing role in modern naval warfare, offering new avenues for asymmetric strategies and tactical advantages.

One-Way Attacks and Swarming Tactics

Ukraine has primarily utilized USVs in one-way attack missions, deploying them to target Russian naval vessels with explosives. These expendable vessels are designed to deliver devastating payloads before being destroyed, ensuring maximum impact on enemy forces with minimal resource investment. Furthermore, Ukraine has employed swarming tactics, where multiple USVs are launched simultaneously to overwhelm enemy defenses. This tactic increases the likelihood of a successful strike by saturating the target area with multiple threats, making it difficult for defensive systems to neutralize all incoming vehicles. Additionally, USVs provide Ukraine with the ability to launch surprise attacks, exploiting vulnerabilities in enemy defenses and catching them off guard. In some cases, USVs are also used as diversionary tools, drawing attention away from other key areas or operations, further complicating the enemy’s ability to respond effectively.

?

9. The End of Football Punters -Morningbrew

Greetings. We regret to inform you—and that one kid from your high school who could randomly kick a football really far despite otherwise being unathletic—that punting is dying. NFL teams are punting just 3.65 times per game this season, the fewest in history. That’s because:

  • Offenses are starting with better field position, thanks to new kickoff rules.

  • Coaches are increasingly willing to go for it on fourth down.

  • Field goal kickers are getting more accurate from long range.

All of these developments could render the lowly punter irrelevant. Finally, a job is becoming obsolete and it has nothing to do with AI.

—Matty Merritt, Sam Klebanov, Dave Lozo, Adam Epstein, Neal Freyman, Holly Van Leuven

?

10. 4 Ways to Protect Your Path to Purpose

Why managing risks may matter more than chasing dreams. Jordan Grumet M.D.

KEY POINTS

  • Financial planning frees time and choice, fueling a more purposeful life.

  • Using leisure wisely reduces the risk of living without fulfillment.

  • Courage means saying yes, embracing discomfort, and growing into purpose.

In the financial world, we spend a lot of time talking about risk mitigation. It’s the art of putting safeguards in place to reduce potential losses. Not eliminating risk entirely, but managing it well. A smart financial plan doesn’t just focus on growing wealth; it pays attention to protecting what you already have.

I often think the same applies to purpose. We get so caught up in searching for purpose—chasing passion, pursuing fulfillment—that we forget there are forces working against us. If we don’t account for those risks, our best efforts can be derailed.

Sometimes the surest way to live with meaning isn’t by adding more, but by defending against what might take it away. Here are four ways to risk-mitigate when it comes to purpose.

1. Financial Planning

Money isn’t the only tool for building a purposeful life, but it is a powerful one. Having financial stability gives you choices: the choice to leave a job that no longer fits, to outsource tasks that drain you, or to invest your time in the relationships and activities that bring you joy.

When you save and invest, the goal isn’t simply to watch the numbers climb in your account. It’s to have better control over the one thing that is most precious to us: our time. Purpose thrives when you can structure your calendar around what matters most, not just what pays the bills.

Financial independence won’t guarantee a life of purpose, but it creates breathing room to pursue it.

2. Time Management

If you ask most people what stands in the way of living with purpose, they’ll say “not enough time.” Yet the U.S. Time Use Survey tells a different story: the average American has four and a half to five hours of free time a day.

The real issue isn’t scarcity—it’s choice. How you spend those hours may be the single biggest factor in whether you feel fulfilled. Do you scroll endlessly through your phone, or do you connect with a friend, volunteer, read, or create something new?

Time is a risk in disguise. Used passively, it drains away. Used intentionally, it’s your best ally in building a meaningful life.

3. Courage

Even with money and time, purpose doesn’t just appear. One of the biggest risks is failing to act because we lack courage.

Living with purpose requires experimentation. It means stepping outside comfort zones, trying things you’ve never done before, and accepting the discomfort that comes with growth. Different outcomes only come from different choices.

Courage is the willingness to say yes to the new activity, the unexpected invitation, and the unfamiliar challenge. Yes to the awkward first step that might lead to joy. Yes to the unknown.

Purpose doesn’t arrive fully formed. It’s discovered through small, brave acts repeated over time.

4. Social Media

If courage expands our world, social media often shrinks it. Platforms are filled with people selling their own versions of purpose: influencers, advertisers, politicians. They dangle images of success, belonging, or happiness, usually tied to something they want you to buy or believe.

These borrowed definitions of purpose are often big, audacious, and unattainable. And when we measure ourselves against them, we risk sliding into frustration, anxiety, or despair.

Protecting your sense of purpose sometimes comes down to something simple: putting the phone down. Reconnect with your own values, not someone else’s curated highlight reel.

In Conclusion

Purpose isn’t just about offense—chasing dreams, setting goals, or building passions. It’s also about defense: protecting ourselves from the forces that erode our sense of fulfillment.

Financial planning, mindful use of time, everyday courage, and boundaries around social media are all forms of risk mitigation. They don’t hand you purpose, but they clear the path so you can pursue it without constant sabotage.

Risk mitigation may not sound glamorous, but it’s practical, and it works. Identify the biggest threats to your purposeful life and take steps to guard against them. When you do, you’ll find it much easier to build the life you want.

Did someone forward this email to you? Get your own:

Disclosure

Indices that may be included herein are unmanaged indices and one cannot directly invest in an index. Index returns do not reflect the impact of any management fees, transaction costs or expenses. The index information included herein is for illustrative purposes only.


Material for market review represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results.
Material compiled by Lansing Street Advisors is based on publicly available data at the time of compilation. Lansing Street Advisors makes no warranties or representation of any kind relating to the accuracy, completeness or timeliness of the data and shall not have liability for any damages of any kind relating to the use such data.


To the extent that content includes references to securities, those references do not constitute an offer or solicitation to buy, sell or hold such security as information is provided for educational purposes only. Articles should not be considered investment advice and the information contain within should not be relied upon in assessing whether or not to invest in any securities or asset classes mentioned. Articles have been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Securities discussed may not be suitable for all investors. Please keep in mind that a company’s past financial performance, including the performance of its share price, does not guarantee future results.


Lansing Street Advisors is a registered investment adviser with the State of Pennsylvania.