David Morehead, CIO of the Baylor University endowment, which has averaged 10.9 percent annualized returns over the past five years: “The only thing I'm doing is what the market tells me to do: If the market goes up, we take some money back. If the market goes down, we give it money. It is finance 101.”

Gary Gensler, chairman of the SEC: “The AI model might hallucinate. We really don’t want our advisers hallucinating on mushrooms, and you don’t really want your adviser to hallucinate with AI. There’s still a responsibility to ensure that you have accurate information, and that with the use of AI you have certain guardrails in place, especially if you know that it might hallucinate.”

Babak Nikoumaram, chairman of the Iranian Society of Plastic and Aesthetic Surgeons, on the booming and controversial cosmetic surgery business in Iran: “There are rules for changing a building�