The morning of my return to work
the train WFH reads:
• Most professionals cannot beat the market: 2021 is the 13th consecutive year that most fund managers in this category have lagged the index (TKer)
• The 55-and-older labor market exodus is a statistical mirage People in their late 50s and early 60s have not stopped working, and for those over 65, the decline in labor force participation is less than commonly portrayed. (Bloomberg) see more Quiet departure is a fake trend: What people now call “quitting quietly”, in earlier decades, was simply known as “staying a job”. (Atlantic)
• Inside the world’s first no-coin conference The Crypto Policy Symposium in London was a historic gathering of crypto skeptics—and no one tried to sell me anything. (decrypt)
• Four Reasons Why GDP is a Useful Number: Critics have overstated their case. (nohpinion)
• Electric vehicles take off. Automakers weren’t ready: More buyers are lining up for EVs, catching car companies flat-footed and starting to compete for more batteries, factories and materials (Wall Street Journal)
• Why do we always focus on the bad things? Bad things make us feel bad. Good things make us feel good. Complaining feels more natural to most people than gratitude because it’s easier. And I’m sure there are some survivals of the fittest traits from our ancestors. Focusing on the bad stuff keeps you alive. (Common Knowledge Resources)
• Xi Jinping’s weakness: How Hubris and Paranoia Threaten China’s Future (Foreign Affairs)
• Life is an accident of space and time: Even if life existed on every planet that could support it, the amount of living matter in the universe would amount to only a few grains of sand in the Gobi Desert. (Atlantic)
• checkmate: There are some terrible things going on in the chess world right now, and I’m going to tell you right up front that I really don’t understand it. But I want to talk about it anyway because it tells of something larger happening in all sports, something confusing and alluring and dangerous. (jobblogs)
• While Duke Ellington set a record for only one person – Queen Elizabeth The jazz legend had a single gold disc pressed, and secretly sent to Buckingham Palace. (honest broker)
Be sure to check out our Masters in Business this week with Albert Wenger, Managing Partner at Union Square Ventures. He co-founded 5 companies; was president of del.icio.us through the company’s sale to Yahoo; Angel investors Etsy + Tumblr. Wenger is the author of World After Capital, Narrating the transition to a knowledge age + its implications for business and society.
Gold should have been a safe haven in 2022, but YTD it is down ~8%
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