Three pieces worth your time today:

📊 Historic IPO performance data — always helpful to zoom out and see what actually happens after the hype fades

📉 Fixing the CAPE ratio — Shiller's metric gets a lot of criticism, but the adjustments matter more than people think

🤖 Assessing AI-generated financial advice — timely. We're all experimenting with these tools, but quality control is still wide open

Good curation for a quiet morning. The IPO piece especially — recency bias is brutal in new issues.