The weekend is here! Pour yourself a mug of Beanbox coffee, settle into the couch, and get ready for our long-form weekend read:
• Sam Bankman-Fried Joshua Glamour: But this is only market risk. It comes with the territory. Countervailing risk is something else. Being a victim is different than buying things that rise and fall. Lying, cheating and stealing are another dimension. Long-term investors don’t want to take that risk. It’s not supposed to be part of the experience. When this happens during a bear market, little faith is left and it burns. (reform broker) see more Sam Bankman-Fried vs The Match King: Ivar Kruger “Everything in life is built on confidence.” (Common Knowledge Resources)
• Asteroid! Solar storm! Atomic! Climate disaster! Killer robots! A guide to contemporary doomsday scenarios — from the threats you know about to the ones you never thought about… (Washington Post)
• Repair crews in Ukraine dodge bullets and splice cables to keep the country online: Teams connect civilians and soldiers in trenches and under utility poles. (Business Week)
• Are we really prisoners of geography? A wave of bestselling authors contends that global affairs are still ultimately governed by the immutable facts of geography—mountains, oceans, rivers, resources. But the world has changed more than they realize. (parent)
• Dinosaurs of Park Avenue: Apartments at Grandest Uptown Co-Ops have been sitting on the market for years. Why These $20 Million Uptown Co-Ops Aren’t Selling (Forbidden)
• How to think about relativity: Albert Einstein’s ideas about space-time are not exactly intuitive, and they are not exactly Einstein’s. (Quanta Magazine) see more Leave faith: What if everyone stopped believing. (not boring)
• How food is your body’s metabolic energy, which brings energy to what you eat, may be nature’s most electrifying invention. (The New Yorker)
• Can’t go to the moon? This hole in Canada is the next best thing. Earth’s Mistustine craters cover much of the Moon’s surface, containing large amounts of bright white rock. (Washington Post)
• How the story of football became the story of everything: Oligarchs, private-equity moguls and petro-states have taken over sports—and the world. (Mother Jones)
• Margot Robbie is Nobody’s Barbie: The Babylon Star on Navigating Hollywood: Like Nelly, Robbie, 32, caught Hollywood’s attention with a breakout performance in The Wolf of Wall Street and has built a career that suggests what a modern movie star can be. He’s a no-bullshit actor and producer who bounces between blockbusters and dark indies, even if he’s still a bit uncomfortable with the spotlight. “The way I try to explain this job—and this world—to people is that the highs are really high,” he says, waving his hands over his head, “and the lows are really low. And I guess if you’re lucky, But it balances in the middle.” (Vanity Fair)
Check out our Masters in Business interview this weekend with Marcus Shaw, CEO of AltFinance, which seeks to diversify alternative asset management. The firm was co-founded by Apollo, Ares and Oaktree with $90 million in seed funding for the initiative to recruit students at historically black colleges and universities.
Bond yields have gone from very expensive to very attractive.
Source: Jurian Timmer, Fideal
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To know how these readings stack up each day, see this.