My weekend autumn morning reads:
• Navigate the pain of your first bear market: Over the next 40-50 years I plan to experience at least 10 or more bear markets, including 5 or 6 that constitute stock market crashes. There will probably be at least 7-8 recessions during that time too, maybe more. (Common Knowledge Resources)
• Your city’s housing boom may be faltering: A national decline in home prices isn’t likely, but markets that have experienced outsize growth in the past few years may be hit harder than most by rising mortgage rates. (Wall Street Journal) see more After years of low mortgage rates, home sellers are few: Homeowners ‘golden handcuffed’ by low mortgage costs are now reluctant to sell their homes because prices are too high. (Wall Street Journal)
• $8.6 billion startup that helps governments trace crypto: Chainanalysis software disproves the notion that Bitcoin guarantees anonymity (Business Week)
• The Tiger That Was a Wolf: Lessons from Julian Robertson As Jim Chanos observes, “If they had to give my own money to anyone, I’d give it to Robertson. He knew stocks better than anyone.” (Necker’s Mind and Market)
• Why is a small Swedish automaker a decade ahead of the rest of the industry? “I didn’t believe we could survive doing what we were all doing.” (Ars Technica)
• The sneaky genius of Apple’s AirPods empire: AR/VR headsets are a small market by Apple standards, but Tim Cook’s massive headphone division shows the company can build a niche product. (Business Week)
• Pentagon opens sweeping review of covert psychological operations: Allegations about US military influence campaigns using Facebook and Twitter have raised concerns in the White House and federal agencies (Washington Post)
• A mysterious, suspenseful and utterly engrossing quest for the origins of the eel: To save endangered eels, researchers have been working for decades to figure out where they breed. (Hakai Magazine)
• Could Ukraine break up again? A surprising development this month revealed the deep vulnerability of Russia’s overstretched military. As Russia calls in more troops, can Ukraine gain ground? (New York Times)
• Roger Federer isn’t going anywhere: At 41, the Swiss icon retired from professional tennis. But his presence and influence will continue to shape the game. (Wall Street Journal)
Be sure to check out our Masters in Business interview this weekend with America Online (AOL) co-founder Steve Case, founder of the investment firm Revolution, Smithsonian’s Char, and author of The rise of rest: How entrepreneurs in surprising places are creating the new American dream.
Housing Market Update: Typical Homes Now Selling for Less Than Asking Prices
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