Weekend here! Pour yourself a mug of Organic Peabody Beans Coffee, grab a seat by the window and get ready for our long weekend reading:
A Market errors, bro: stocks rise, stocks fall and confirmation bias. The market is not wrong. It’s just the market. The only thing “right” or “wrong” is how we respond to the market. Beware of the assumption that profitable price movements confirm your ideas, and do not dismiss every dip as the market is unreasonable. (Young money)
A Turkish drones that have changed the nature of war: Bayraktar TB2 brings perfect air strike capability to Ukraine and other countries. It is a diplomatic tool that enables the rise of Turkey. (New Yorker)
A Elon Musk’s fixer is quietly indulging in the world’s greatest fortune: Jared Berchal is a right-handed man who does everything from financing Twitter deals to digging dirt on opponents. (Bloomberg)
A On the front lines of Japan: For millions of Japanese, the conflict between the United States and China is already a reality. Japan US-China Conflict Front Line (Businessweek)
A The Bronx-Basting, Cow-Punching, Death-Defining Legend of Boots O’Neill He’s pushing the Nineties and is still saddling the Four Sixes Ranch. Just don’t call him the “last cowboy”. (Texas Monthly)
A About those kill-switched Ukrainian tractors: What John Deere did to the Russian looters, anyone can do with the peasants anywhere. (Medium)
A When the animals flutter their wings: Worker ants can flutter their wings — but they don’t. The queen of ants and termites destroys them after mating. Many island birds evolve in flightlessness. Why Evolution Can Explain (Quillet)
A Carrying Secrets Aid Coach To many New Yorkers, he was their naughty and blasty mayor. But friends are now describing the personal strain endured by a public man to hide his sexual orientation. (Note for non-New Yorkers: this was not a privacy in NY in the 1980s) (New York Times)
A Mechanical watch: In the world of modern portable devices, it may be hard to believe that just a few decades ago the most convenient way to keep track of time was a mechanical watch. Unlike their quartz and smart siblings, mechanical watches can run without the use of batteries or other electronic components. (Bertoz Sichanowski)
A Wings, sweat, and tears For stars like Kevin Hart, Idris Elba and Lord, eating spicy wings is the key to a relationship. (Eater)
Be sure to check out our Masters in Business next 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 side of the London whale trade, losing ঙ্ক 2B to Bank and সাব 100 million to Saba.
Experts say the numbers show the importance of boosters – and the most risky risks are still to be faced.
Source: The Washington Post
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