The weekend is here! Pour yourself a mug of Volcanica coffee, grab a seat by the pool, and get ready for our long-form weekend read:
• Is Scott Galloway the Howard Stern of the business world? The professor and podcaster wants to be an influential thought leader. But her appeal to a mostly male fan base is more than just her predilections. (New York Times)
• Venture Capital’s Silent Crash: When Tech Boom Meets Reality Investors of all stripes have crashed the clubby world of VC, drawn by the potential of tech start-ups. But there are signs of the team ending. (Financial Times)
• Understanding Jane Street: The poker chip challenge isn’t just about testing people’s potential in a thematic way. It’s measuring what is arguably the most important bundle of traits for a trader: the sense of when to take what risks and enough self-awareness to calibrate confidence. It’s also a way to filter out a certain form of overconfidence: no trade is good enough to be worth the risk of losing everything. (difference)
• Reflecting on the Investing Process with Michael Maubsin: “It’s the nature of what we do. It is the intersection of business, people, psychology, sociology and numeracy. It’s just inherently impressive. There are many macro factors and stuff that ensure you never beat the game. Never.” (Composite Manual)
• Tales from the Thrifts: Savings-and-Loan Crooks to Crypto Hucksters (The Baffler)
• The Meat Paradox: How Gordon Ramsay’s Sheep Slaughter Joke Explains Our Confused Relationship With Meat: Emotional dissonance due to our sympathy for animals and our desire to eat them. Australian psychologists Steve Loughnan, Nick Haslam and Brock Bastian coined the term in 2010, defining it as “the psychological conflict between people’s dietary preference for meat and their moral response to animal suffering”. We empathize with animals—after all, we are animals ourselves—but we’re also hardwired to seek out calorie-dense, energy-dense foods. And for most of human history, that meant meat. (Vox)
• The controversial plan to free the Mississippi: A long history of damming our rivers with levees has led to extensive erosion in its deltas. Can we engineer our way? And at what cost? (Hakai Magazine)
• One of TikTok’s biggest stars roasts friends for their misogyny, racism and fatphobia Drew Afualo is using troll tactics against them and giving his 7.5 million followers some laughs. (Business Week)
• Christianity and Poetry: Poetry is not only important to Christianity. It is an essential, inalienable and necessary aspect of religious belief and practice. The fact that most Christians would find this claim absurd does not invalidate it. Their differences only demonstrate how distant the contemporary Church has become from its own origins. It also indicates that sacred poems have become so intertwined in the fabric of scripture and worship as to disappear. At the risk of offending most believers, a simple but unacknowledged truth needs to be stated: it is impossible to understand the full glory of Christianity without understanding its poetry. (first thing)
• Inside Hollywood’s Visual Effects Crisis: But wherever they ply their trade, and despite the technology at their fingertips, these artists can’t always fix everything they touch. And what they can’t fix becomes a problem for consumers, who get poor visual effects for their dollar. Audiences have been exposed to enough fewer digital effects this century that the term “CGI” itself now connotes poor craftsmanship. The problem is so pervasive, not to mention accepted, in Hollywood that producers have their own acronyms for effects work that comes together for them but may not for audiences: a final endorsement note from CBB, for Could Be Better . (swap)
Be sure to check out our Masters in Business interview this weekend with Anat Adamati, professor of finance and economics at the Stanford University Graduate School of Business. He is director of the Corporation and Society Initiative and a senior fellow at the Stanford Institute for Economic Policy Research.He was named by Time magazine as one of the 100 most influential people in the world and co-author of Bankers’ new clothes: What’s wrong with banking and what to do about it.
Who do we spend time with throughout our lives?
Source: Our World in Data
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To know how these readings stack up each day, look at this.