My end of week morning train WFH reads:
• A Memo to Investors That’s it. That’s the stock-picking game. Stocks are not pieces of art. They are not fiat money. Cults of personality do not last forever in the stock market. Narratives break. Eventually, everyone figured out that Galileo was right. Eventually, everyone will figure out that Cathie Wood isn’t. And it won’t take as long either. (Albert Bridge Capital)
• A Great Inflation Redux? Economists Point to Big Differences. Prices climbed for years before the runaway inflation of the 1970s. Economists see parallels today, but the differences are just as important. (New York Times) but see Everything feels more expensive because it is Why are prices going up? Used cars, gas, and groceries seem more expensive because they are. (Vox)
• Three months, 700 steps: Why it takes so long to produce a computer chip The U.S. Senate has set aside $52 billion in hopes of increasing the U.S. share of semiconductor manufacturing. A visit to a chip fab in Upstate New York shows why that might not be enough. (Washington Post)
• Vinyl Is More Popular Than Ever. Surprisingly, That’s a Problem Pressing plants can’t keep up with unprecedented demand, and big box chains are selling LPs now, resulting in devastating delays. (Vice)
• Are Private Equity Firms to Blame For Rising Home Prices? Wall Street is an easy scapegoat. The real villain lives much closer to home. (Marker)
• Why Generation Z falls for online misinformation We can all learn from how today’s young people evaluate truth online. (MIT Technology Review)
• The Tech Cold War’s ‘Most Complicated Machine’ That’s Out of China’s Reach A $150 million chip-making tool from a Dutch company has become a lever in the U.S.-Chinese struggle. It also shows how entrenched the global supply chain is. (New York Times)
• Dining Out, Digitized: Many restaurants dropped printed menus during the pandemic in favor of QR codes sending diners to online ordering platforms. Will eating out be the same? (Bloomberg)
• Whether Republicans Get Vaccinated Has A Lot To Do With If They Watch Fox News … Or OANN Republicans who got their news from OANN or Newsmax were generally more extreme in their beliefs around QAnon and in their refusal to get vaccinated than those who got their news from Fox News. Meanwhile, Fox News Republicans were often more in line with Republicans who got their news from other mainstream outlets. (FiveThirtyEight)
• Cricket is Having its Moneyball Moment When Twenty20 launched, the game of cricket changed forever. Now a team of data evangelists are taking the sport to the next level. (Wired)
Be sure to check out our Masters in Business interview this weekend with Christine Hurtsellers, CEO of Voya Investment Management. The firm manages over $245 billion in assets. Hurtsellers was recently named to Barrons’s top 10 most influential women in wealth management.
Americans’ Life Ratings Reach Record High
Source: Gallup
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