Morning in the middle of my week
The train WFH reads:
A Elon Musk is acting like Henry Ford. Ah oh. Both auto magnets have made influential companies. Both became world celebrities. Both doves headlong into another pursuit. One has lost its edge. As far as. (Bloomberg) See also There are now three explanations for Elon Musk’s uninterrupted behavior Does he need Twitter because he still wants to buy it, or because he doesn’t? (Slate)
A Beer Market Playbook The most important thing in this moment is not to panic and stick to your plan, you have one. But each market environment presents an opportunity to do something to improve your portfolio or your overall financial image. These actions can help to scratch the urge to do something to reduce the pain of seeing red in your statement. Responding to fear is part of our human nature, and with careful planning and consideration, we may be able to use that energy in something productive rather than destructive. I call this bear market playbook. (Sand curve)
A SPACs are spotting. Desperate new conditions could send them into a death spiral. Bankers, lawyers and sponsors all say, “This time it’s different.” (Institutional Investors)
A AQR is rewarded for its ‘sin’ There are nine mutual funds in various alternatives to AQR, a Greenwich, Connecticut-based Quant Shop in Ascension, located at or near the top of their peer group. In some cases, they are ahead of the competition in tears. (Cityware)
A Warning story from Cryptoland Web3 is off to a rocky start. Optimists may murmur about the progress of the horizon, but now the place is cheated, hacked and collapsed. This question was answered by Web3 critic Molly White, the creator of the website Web 3 is going very wellWhite argues that as the technology becomes more mainstream, its potential for damage – financial, emotional, and reputation – will increase and accelerate. (HBR)
A Who gives up? They are at work. The great resignation was indeed a moment when many people traded up for a well-paying gig. (New York Times)
A Tech’s high-flying startup scene gets a crashing reality check Job losses and a talk of investment weather are hitting big companies like Stripe and InstaCart and could hurt smaller companies as losses spread. (Bloomberg) See more At uncertain times, start-ups jump into the co-working space The advent of the plague has turned places like Wework into ghost towns. Now people are queuing up for less-committed offices, and providers are working to maintain that trend. (New York Times)
A Definite trap The solution to our broken political discourse cannot be found by censoring ‘misinformation’, but by acknowledging the deep limits of our own beliefs. (Tablet)
A The Black Sea blockade was broken: These attempts have failed, and while Russian forces are conducting some investigative raids, they have largely been blocked. The campaign map doesn’t look much different than it did a month ago. NATO Secretary-General Jens Stoltenberg said Ukraine could “win this war”, while the UK’s defense intelligence, noting that the Russian military had lost a significant third of its main ground combat force, observed that it was now “significantly behind schedule”. ‘It’s a story of narrow purpose. (Comment free)
A ‘I told Jackie Chan, your loss, my brother!’: How Everything is everywhere Michelle has given Yeh a lifelong role Action Superstar shines in a new multiverse comedy. He talks about his high-risk, low-budget Hong Kong days, why you could be a superhero in your 60s – and whether he can kick James Bond’s butt. (Parent)
Be sure to check out our Masters in Business this week with Boaz Weinstein of Saba Capital. Hedge Fund specializes in credit default swaps, tail protection and volatility trading. Saba 5 is one of the largest SPAC investors. Previously, Weinstein was co-chairman of Deutsche Bank’s Global Credit Trading and a member of the Global Markets Executive Committee. Against JPM, Weinstein became infamous as a trader on the other end of the London whale trade, losing ব্যা 2B to Bank and সাব 100 million to Saba.
The average length of the stock market correction was 133 days from the top of the market to the bottom of the market
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