My end-of-week morning train WFH reads:
• Fearful Millennials Missed Stock Market Rally With Shift to Cash: Getting out of stocks last year meant missing 2023 rally Other generations were more likely to stay put during rout. (Bloomberg)
• In Manhattan’s Sluggish Home Market, Cash Is Greasing the Wheels: A record share of buyers are avoiding mortgages, and sellers eager to close are jumping at their all-cash offers.(Wealth) see also Commercial Real-Estate Woes Run Deeper Than in Past Downturns: Remote work and e-commerce are reducing demand for office and retail space. (Wall Street Journal)
• The underbelly of electric vehicles: What goes into making EVs, where it comes from and at what human cost (Washington Post)
• Inflation Is Sticky, But Economists Can’t Agree on Why: The tight labor market plays an important role, but may not be the main culprit. (Bloomberg)
• The Andy Warhol Copyright Case That Could Transform Generative AI: The US Supreme Court’s upcoming decision could shift the interpretation of fair use law—and all the people, and tools, that turn to it for protection. (Wired)
• The virtue of discretion When the rules break down, you must judge what to do on your own. Discretion is necessary for navigating the muddle of life. (Aeon)
• Why atoms are the Universe’s greatest miracle: With a massive, charged nucleus orbited by tiny electrons, atoms are such simple objects. Miraculously, they make up everything we know. (Big Think)
• Two Years, 10 Metrics: Assessing Biden’s Presidency. Considering the strengths and weaknesses of Joe Biden’s first two years in office and what they suggest about the next two. (Bloomberg)
• Why the Giannis Antetokounmpo ‘Failure’ Speech Is a Viral Phenomenon: The Milwaukee superstar suffered a brutal basketball loss—then offered a precise bit of perspective. (Wall Street Journal)
• What Happens When Dave Chappelle Buys Up Your Town: As Chappelle’s comedy made him a controversial figure nationally, some of his Ohio neighbors have been getting mad, too. (Businessweek)
Be sure to check out our Masters in Business next week with Ben Clymer, founder & chairman of Hodinkee, and Jeffery Fowler the firm’s CEO. Fowler and Clymer (dubbed the “High Priest of Horology“) discuss all things wristwatches and timepieces, including their experiences at the 2023 Watches & Wonders, why the marketplace has exploded over the past few years, and what are their favorite grail watches.
Elon Musk’s latest round of cuts has dropped his two best-sellers to uncharted territory.
Source: Bloomberg
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