My back-to-work morning practice WFH reads:
• Most experts can’t beat the market: 2021 is the thirteenth consecutive years during which nearly all of fund managers on this class have lagged the index. (TKer)
• The 55-and-Older Labor Market Exodus Is a Statistical Mirage Individuals of their late 50s and early 60s haven’t stopped working, and for these over 65, workforce participation declines have been smaller than typically portrayed. (Bloomberg) see additionally Quiet Quitting Is a Faux Pattern: What individuals at the moment are calling “quiet quitting” was, in earlier many years, merely generally known as “having a job.” (The Atlantic)
• Contained in the World’s First No-Coiner Convention The Crypto Coverage Symposium in London was a historic gathering of crypto skeptics—and no person tried to promote me something. (Decrypt)
• 4 the reason why GDP is a helpful quantity: The critics have overstated their case. (Noahpinion)
• Electrical Autos Took Off. Automotive Makers Weren’t Prepared: Extra consumers are lining up for EVs, catching automotive firms flat-footed and triggering a race for extra batteries, factories and supplies (Wall Avenue Journal)
• Why Do We All the time Concentrate on the Unhealthy Stuff? The dangerous stuff makes us really feel worse than the great things makes us really feel good. Complaining feels extra pure than gratitude for most individuals as a result of it’s simpler. And I’m certain there may be some survival of the fittest trait that was handed down from our ancestors. Taking note of the dangerous stuff stored you alive. (A Wealth of Widespread Sense)
• The Weak spot of Xi Jinping: How Hubris and Paranoia Threaten China’s Future (International Affairs)
• Life Is an Accident of Area and Time: Even when life existed on each planet that would assist it, residing matter within the universe would quantity to just a few grains of sand within the Gobi Desert. (The Atlantic)
• Checkmate: There’s one thing wild taking place within the chess world proper now, and I’m going to inform you proper up entrance that I don’t actually perceive it. However I wish to discuss it anyway as a result of it speaks to one thing bigger taking place in all sports activities, one thing complicated and alluring and dangerous. (JoeBlogs)
• When Duke Ellington Made a Report for Simply One Individual—Queen Elizabeth The jazz legend had a single golden disc pressed, and despatched in secrecy to Buckingham Palace. (The Sincere Dealer)
Remember to take a look at our Masters in Enterprise this week with Albert Wenger, Managing Accomplice at Union Sq. Ventures. He co-founded 5 firms; was President of del.icio.us through the corporate’s sale to Yahoo; angel investor Etsy + Tumblr. Wenger is the creator of World After Capital, describing the shift to a Information Age + its implications for companies & society.
Gold ought to have been a haven in 2022, however YTD it’s down ~8%
Supply: WSJ
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