My mid-week morning train WFH reads:
• The Fed’s Past Crises Hold Secrets to Tackling Future Recessions: The US central bank has made mistakes before and learned from the experience. Now it must do so again. (Bloomberg)
• When Data Fails: One of the most common ways data fails is when it only describes a subset of what you are actually trying to analyze. When we only see a part of our data, we can come to the wrong conclusion. One area where this is common is examining the average instead of the distribution. (Of Dollars And Data) see also The Quantify-Everything Economy: Data can make our lives richer, but let’s not forget that people are not machines. (New York Times)
• The case for high-skilled immigration reform (and how to make it happen): Immigration is America’s superpower. According to research by William Kerr at Harvard, between 2000 and 2010, America received more migrating inventors than every other country combined. (Noahpinion)
• The Boy Bosses of Silicon Valley Are on Their Way Out: They rode their unicorns to fame and fortune. In a rocky market, it got a little less fun. (New York Times)
• Work From Office: Offices are where young professionals establish relationships with mentors, colleagues, and mates. In sum: Put on a shirt and get into the office. (No Mercy / No Malice)
• A Secret to Lululemon’s Success? Men Who Are Obsessed With Its Pants: Not since non-iron dress shirts have men rallied around a clothing item meant to cut corners. Inside Lululemon’s menswear revolution (Wall Street Journal)
• Startups That Grew Fast Learn Shrinking Can Be Just as Hard: After years of easy money, companies are downsizing and finding that there’s a right way and a wrong way to do it. (Businessweek)
• How Did Fighting Climate Change Become a Partisan Issue? Twenty years ago, Senator John McCain tried to spearhead an effort. What has happened to Republicans since then? (New Yorker)
• Liz Cheney, the Republican From the State of Reality: She isn’t really fighting to keep her seat in Congress. She’s fighting Donald Trump. (The Atlantic) see also Liz Cheney’s political life is likely ending — and just beginning: Cheney is looking far beyond Tuesday’s Republican primary for this state’s at-large seat in the U.S. House, a race she lost. (Washington Post)
• When Little Leaguers Set the Example for Adults: An extraordinary embrace between opponents becomes a viral moment in an acrimonious summer (Wall Street Journal)
Be sure to check out our Masters in Business interview this weekend with Ken Tropin, chairman and founder of Graham Capital Management, a multi-strategy quantitative hedge fund managing $17.2 billion. Previously, he was President and Chief Executive Officer of hedge fund John W. Henry & Company, working with such legendary traders as John Henry and Paul Tudor Jones.
Much of the US Will Be an ‘Extreme Heat Belt’ by the 2050s
Source: Bloomberg
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