My mid-week morning train WFH reads:
• So Bearish it Hurts Okay, so as I’m typing this, my wife called me and said, “I’m at Nordstrom returning clothes because it’s a bear market.” She was being funny, but she actually said this. She told me it’s all over Facebook and Eyewitness news. “Bear market, bear market, bear market. Inflation, inflation, inflation. It’s everywhere.” I’m using quotes because it’s a real thing she said. (Irrelevant Investor)
• Gen Z, Millennials and Gen X All Basically Agree on WFH: Support for hybrid working is high across demographics. But bosses should ask why — and address the reasons. (Bloomberg) see also Return to Office Triggers Anxiety Attacks—for the Dogs Left Alone at Home: Owners come up with creative ways to help pets cope; ‘Judge Judy’ and robotic vacuums. (Wall Street Journal)
• Redbox is the dumbest meme stock yet There is no secret value in DVD vending machines. Redbox has joined the ranks of America’s booming meme stocks, defying a market threatening to turn into bear territory. Retail traders are just making Redbox the latest (and perhaps the dumbest) meme stock (Quartz)
• Stores Have Too Much Stuff. Here’s Where They’re Slashing Prices. Retailers are getting ready to cut prices of goods that were popular during the pandemic. Expect ‘discounts like you’ve never seen before.’ (Wall Street Journal)
• How the Internet Turned Us Into Content Machines Two new books examine how social media traps users in a brutal race to the bottom. (New Yorker)
• Apple Wants to End Passwords for Everything. Here’s How It Would Work. Goodbye, complex, hard-to-remember passwords. Hello, logging in with your face and fingerprints. (Wall Street Journal)
• Agents in the Ether: Telegraph wires preceded electromagnetic field theory; steam engines predated thermodynamics. Sometimes technology pulls science forward. (Inference)
• How Did Guns Get So Powerful? Decade by decade, firearms have become deadlier—and tightened their grip on our collective imagination. (New Yorker)
• The giant black hole at the center of our galaxy isn’t all that gentle: Despite a first image showing a placid supermassive black hole hiding at the center of the Milky Way, the “gentle giant” has likely blasted nearby stars and planets for eons. (Grid)
• The Zen Playboy: The life and times of Stewart Brand. (The Nation)
Be sure to check out our Masters in Business this week with Mark Mobius of Mobius Capital. Known as the “The Godfather of Emerging Markets,” he was tapped by Sir John Templeton in 1987 to run Templeton Emerging Markets, one of the first EM funds in the world. Over the next 30 years, he visited 112 countries, invested in 5,000+ companies, and traveled 1,000,000+ miles. This helped to grow the Templeton Emerging Markets Group from $100 million in six markets to over $40 billion in 70 countries.
Russia and Ukraine have a significant influence on the world economy due to their role as suppliers of a number of essential raw materials
Source: Statista
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