My two-for-Tuesday morning train reads:

How the Worst Market Timer in History Made a Fortune: Over 60 years, he added new investments only at the top of the bull market: $10,000 at each of the 13 market tops from February 1966 to February 2020. (compound) see more What if you only invest in market peaks? Meet Bob. Bob is the world’s worst market timer. What follows is Bob’s story of his terrible time buying stocks. (Common Knowledge Resources)

Hedge funds piled into bullish pound bets just before the crash: The fund added a net 13,488 long pound contracts last week: The odds of the CFTC touching pound parity in 2022 rose nearly 60%. (Bloomberg)

The tyranny of SuperTwitter: Twitter shows us a skewed version of the world, but not necessarily because of the algorithm. (Almighty) see more How LinkedIn Became the Place to Overshare: “It’s not Facebook,” users complain But others are finding it a valuable place to talk more than work. (New York Times)

Fedeconomy: Their goal is to reduce demand. They want to reduce demand because that should theoretically slow inflation. The main mechanism for reducing demand is to make it more expensive for people to exist – higher borrowing costs, lower wages – so that people spend less. Poof, inflation dissipates. (Kayla Scanlon)

Why all Americans should be paying attention to Puerto Rico’s power grid: Hurricane Fiona showed how improvement efforts are undermined by years of neglect and mismanagement. (Vox) see more There is no reason Puerto Rico should have to go through this again: The most poignant aspect of this week’s disaster in Puerto Rico, where Hurricane Fiona destroyed infrastructure and cut power to millions of residents, may be familiar solutions to protect the island and its population from such extreme weather events. years – and none of them materialized (slate)

Podcasting is just radio now: It’s been years since the last blockbuster narrative show. What does that mean for the medium as an art form? (vulture)

For New Yorkers, 6pm is the new 8pm Why do the city’s restaurants fill up at hours that were once uncomfortably early? (New York Times) see more How to have fun again: I was in for a fun but let’s be real who wasn’t these days I’m more interested in staying on the couch and rallying for an adventure. (New York Times)

Long days, long weekends: The four-day week begins in US schools: Small Schools Week is trying to recruit teachers in increasingly popular rural school districts But what does this mean for students and families? (parent)

Proud Boys memo reveals elaborate plan for ‘street-level violence’: The 23-page document shows the lengths the right-wing group goes to prepare for possible violent clashes and reveals the military structure and language it has adopted. (parent) see more Nice democracy you got here. Shame if something happened to it. Trump’s new defense strategy is armed with threats. (Atlantic)

The pickleball is exploding, and it’s getting messy: With multiple Pro Tours and new venues everywhere, pickleball’s growth shows no signs of slowing (Washington Post)

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, author of Four of the Smithsonian and The Rise of the Rest: How Entrepreneurs Are the New American in Amazing Places Dreams are made.

 

The British pound is at record lows against the US dollar

Source: Statesman

 

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