10 Friday AM Reads

My end of week morning train WFH reads: • ‘It’s All Just Wild’: Tech Start-Ups Reach a New Peak of Froth How crazy is the money sloshing around in start-up land right now? It’s so crazy that more than 900 tech start-ups are each worth more than $1 billion. In 2015, 80 seemed like a lot. It’s so crazy that hot start-ups no longer have to pitch investors...

1h

1936 Cord 810 Westchester

Time and again, I keep coming back to these beautiful cars. (See this 1936 810 Cabriolet, 1937 812 Super-Charged Beverly, 1937 812 Super-Charged Westchester, and this 1937 812). If I had room in my garage, or even better, my own barn filled with collectibles, I would definitely find a spot for one of these. Gordon Buehrig’s design was both innovative...

2h

Long-Term Economic Consequences of Pandemics

  I was speaking with my fishing buddy David Kotok recently about a research project he has been working on: “What are the long-term economic consequences of pandemics?” His research goes back to the ancient Greeks, and I’ll post something when his paper comes out. But Kotok pointed me towards a fascinating white paper from the Federal Reserve Bank...

18h

10 Thursday AM Reads

My morning train WFH reads: • Day Traders as ‘Dumb Money’? The Pros Are Now Paying Attention Last year, an army of day traders turned markets upside down. This year, professional fund managers are finding that they had better keep tabs. (Wall Street Journal) • Wall Street’s Pandemic Bonanza Most Americans have missed out on the asset-price boom created...

1d

Inflation & the Elephant

    Every discussion I hear about inflation reminds me of the parable of the six blind men and the elephant.1 Having never encountered such a creature before, the sightless men learn about the pachyderm only by touching it: One man feels the trunk, another the tail, the tusks, ears, legs, and sides. They argue over what the beast is, each describing...

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10 Wednesday AM Reads

My mid-week morning train WFH reads: • What Amazon’s Rise to No. 1 Says About the Stock Market The biggest companies are still the most dominant. The biggest companies today make up less of the overall market than those in the past. And the biggest companies can still be toppled. (Wall Street Journal) • After Another Great Year for Stocks, Peril Lingers...

2d

Fake It Til You Make It

    “And I know I’m fakin’ it, I’m not really makin’ it.” –Simon & Garfunkle   I purposefully waited a few weeks after the Elizabeth Holmes verdict before weighing in on the entire Theranos debacle. The reason: I want to distinguish between 3 issues: 1) Outright “fraud” 2) the hustle subculture known as “fake it till you make it” 3) the...

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10 Tuesday AM Reads

My Two-for-Tuesday morning train WFH reads: • Want a 19% Pay Boost? Get a New Job City hiring is bouncing back from Covid, recruiter says Number of jobs available in 2021 now same as in 2019 (Bloomberg) see also As Employers Scramble to Fill Jobs, Workers Relish a Feeling of Power With plenty of companies hiring, workers are quitting their jobs in...

3d

How Much Do Boosters Increase Immunity?

You should be vaxxed and boosted. But should you get a 2nd booster?   Should We Get a Second Booster Vaccine? What the Science Says Source: WSJ     The post How Much Do Boosters Increase Immunity? appeared first on The Big Picture.

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Transcript: Jim McKelvey

    The transcript from this week’s, MiB: Jim McKelvey, Co-Founder of Square, is below. You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, Bloomberg, and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS:...

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