Morning train to my return work WFH reads:

The global economy is plagued by a force hiding in plain sight: More than 2 years into the worst pandemic in a century, the accompanying economic shock continues to attack global fortunes (New York Times)

People have money but feel glum—what does that mean for the economy? A strong job market and savings have so far protected consumer spending, but that has been threatened by inflation that some households fear. (Wall Street Journal) see more Is the world really falling apart, or does it just feel that way? By most measures – with one glaring exception – people around the world are better off than ever. So why does it seem so, especially to Americans? (New York Times)

Stock for a long time: Each strategy and philosophy has its advantages and disadvantages. A good strategy you can stick with is far superior to a great strategy you can’t stick with so a lot of it comes down to who you are as an investor. There are many factors that determine the type of investor you are. (Common Knowledge Resources)

Wall Street texting habit leaves banks with rare $1 billion bill: Regulators are poised to collect nearly $1 billion in fines from five of the largest U.S. investment banks for failing to monitor employees using unauthorized messaging apps. Citi, Goldman, BOFA held advanced discussions with regulators; Morgan Stanley discloses expected fines, JP Morgan settles. (Bloomberg)

Venture capitalists are making ‘predictably bad’ investments. One researcher says AI can prevent this. According to new research from the University of Chicago, machine learning could pave the way for better VC investment decisions. (Institutional Investor)

Elon Musk’s inner circle has been rocked by a fight over his $230 billion fortune Before the Tesla CEO’s billion-dollar battle on Twitter, another fight broke out over how his charitable giving should be handled. Former professional gambler Igor Kurganov became a leading Musk adviser to give away his fortune. Jared Birchall, his asset manager and a key player in financing the bid for Twitter, wanted him out. (Wall Street Journal)

Why are disasters getting more severe but fewer people are dying? An important but overlooked piece of good news about climate change. (Vox)

Life Lessons from Laura Wasser, Divorce Lawyer to the Stars: The so-called disco queen, whose former clients range from Kim Kardashian to Johnny Depp, reflects the state of our unions. (The New Yorker)

Trouble for Trump as the committee charges that the Capitol attack was premeditated (parent) see more The DOJ must prosecute Trump: The January 6 committee provided overwhelming evidence that the former president was not a few players along for the ride, but the central driver of a nefarious conspiracy. (Atlantic)

Let’s give Duke Ellington the Pulitzer Prize he turned down in 1965 Last week, the IOC restored Jim Thorpe’s 1912 Olympic gold medal—it’s time to do the same with Duke Ellington’s Pulitzer. (honest broker)

Be sure to check out our Masters in Business this week with Antti Ilmanen, Co-Head of AQR Capital, Portfolio Solutions Group. Ilmanen’s market theory and research is highly respected, and he has won multiple awards, including the Graham and Dodd Award, the Harry M. Markowitz Special Distinction Award, multiple Bernstein Fabozzi/Jacobs Levy Awards and CFA Institute’s Leadership in Global Investments Award. His recent book “Investing in low expected returns

10 Cities Where Housing Markets Are Cooling Fastest

Source: Redfin

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