The weekend is here! Pour yourself a mug of Volcanica coffee, grab a seat in the aisle, and get ready for our long-form weekend read:
• An economist studied popular finance tips. Someone might be leading you astray: Thinkinfluencers vs Economists: Economists may know a lot about how people should act. But, as an empirical psycho-behavioral economist, we recognize that people don’t work this way. And that’s where popular writers win. (NPR)
• Can Mike Novogratz’s Comeback Narrative Survive The Crypto Crash? The Wall Street vet has a tattoo of the coin that started the recession. He says it keeps him humble. (Institutional Investor) see more Interview: Vitalik Buterin, creator of Ethereum In which we talk about big changes in crypto. (nohpinion)
• Attention span. “Where do ideas come from?” Last year I read a claim that “imagination” is arguably humanity’s greatest gift. It was essential to success, not only in art, but also in science, business strategy, and investment. I didn’t really understand what it meant, so I spent months learning more. Here are some of the most interesting things I found. (KCP Group)
• Your career is only one-eighth of your life: Five pieces of career advice, shaped by economics, psychology and a little bit of existential math. (Atlantic)
• A prehistory of social media: The standard account of Internet history takes shape in the early 1990s as a mix of commercial online services, university networks, and local community networks, evolving into something larger, more commercial, and more accessible to the general public. As hype began to build around the “information superhighway,” people wanted a back story. (Science and Technology Subjects)
• A good memory or a bad one? A brain molecule makes a decision. When the brain encodes memories as positive or negative, a molecule determines which way they will go. (Quanta Magazine)
• Super rich ‘preppers’ plan to save themselves from apocalypse: Tech billionaires are buying luxury bunkers and hiring military security to escape a societal collapse they helped create, but like everything they do, it has unintended consequences. (parent) see more The Death Cheaters: The members of Longevity House are united by two things: the willingness to hand over $100,000 and the burning desire to live forever. Inside the strange world of cryotherapy, biocharging and stool transplants (Toronto Life)
• History by the numbers: Is history a matter of individual agency and action, or of finding and measuring structures and patterns? (ion)
• How to summon Satan and what to do when he shows up: Spirit Conjuring’s complex historical lore makes for better art than its simplistic on-screen counterpart (Blood Knife).
• How Justin Tucker Became the Greatest Kicker in NFL History: Confidence, perseverance, and all-out passion are required to play the least burdened position on the field. (New York Times)
Be sure to check out our Masters in Business next week with Kristen Bitterly Michel, Head of North America Investments at Citi Global Wealth. She has been on various “Most Powerful Women in Economics” lists, including American Banker, Crain’s Rising Stars in Banking and Finance 2020. Citi Global Wealth manages more than $800 billion in client assets, and North America accounts for nearly half of that business.
Most Americans who have experienced extreme weather see a link to climate change
Source: Pew Research Center
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