Weekend Reads #281

A collection of cross-disciplinary thoughts, perspectives, and opinions

News and Views

Today, 60% of the Growth stocks in the Russell 3000 Index make no money, The Index was up 84% cumulatively over the last two years through August- Link
How to think about the unstoppable rise of index funds. They deserve scrutiny, not panic- Link
The Hunt for the Riskiest, Most Lucrative Patients - Link
Is Stock Index Membership for Sale?- Link
Engine No. 1’s victory in a boardroom battle with ExxonMobil is taking ESG investing to the next level.- Link

Perspectives

What was especially remarkable about Carlota Perez’s Technological Revolutions and Financial Capital was its timing- Link
The September data have dashed any hopes that inflation is transitory.- Link
To maintain pricing power, vertical SaaS leaders are bundling (or will bundle) in adjacent vertical specific offerings that are harder to replicate for a payments-only new entrant- Link
A 60/40 portfolio bought with about 50% borrowed money would have lost less in its worst month than an unleveraged 100% stock portfolio did- Link
What Critics of Economics Get Wrong: Bashing the field is commonplace, but few are doing it for the right reasons.- Link
The cost of THG and Matt Moulding’s cashless property deal- Link
Bullish case for Bitcoin- Link
The creator economy is failing to spread the wealth- Link
The sketchy rhetorical tricks of politicians, celebs, and con men—and how they work.- Link
Open Source Financial Services- Link
OpenSea: The marketplace behind NFT mania is just getting started.- Link
OpenSea - An Everything Store for Digital Assets- Podcast
Michael Pettis on what Evergrande means for China- Podcast
Godard Abel: Defining Software Categories- Podcast

STEM

Simple scientific laws are preferred because, if they fit or fully explain the data, they’re more likely to be the source of it- Link
Imagination allows us to evaluate before we risk, emote before we enact, and experiment before we commit.- Link
Developers don’t work like “us normals.” They are lazy, and that laziness is a feature, not a bug, in how they work.- Link
Long before William Playfair invented the bar chart or the pie chart, the most important charts in the world were those that mapped the world.- Link
Evolution set you up well. You’ll get better at predicting the consequences of your actions, and better at adapting your environment to your will. Rationality is systematized winning.- Link
The math of the amazing sandpile- Link
‘Life Is Simple’ Review: A Blade to Shave Away Error- Link

Miscellany

Kurosawa and Truth: The Rashomon effect also raises even deeper philosophical questions about the concepts of reality, knowledge and truth.- Link
Well-known historical events and when they happened- Link
The Power of Tenderness: Ted Lasso, Grail Hero- Link
Salt Bae - Imagine Rod Hull’s Emu, bare naked and disgracing himself by vomiting down his own neck.- Link
The year that changed Charles Dickens forever: The Great Exhibition of 1851- Link
For pete’s sake: the slow decline of British swearing- Link

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Weekend Reads #279

A collection of cross-disciplinary thoughts, perspectives, and opinions

News and Views

Sunk costs: business failures from the Titanic to Evergrande- Link
Short-term traders flock to the low upfront cost and potential quick gains in options markets, fueling bigger swings and many rallies. “I had no idea what options were last year,” Mr. Patel said.- Link
Apple Doesn’t Make Videogames. But It’s the Hottest Player in Gaming.- Link
How Yahoo Built a Culture of Cybersecurity- Link
If the EV range gains slow down over the next decade as expected, an EV's software-driven features along with their affordability, will decide the winners of the potential $1.1 trillion in annual EV sales- Link

Perspectives

Reflation or overheating?- Link
Steven Pinker: Why doesn’t rationality seem to matter anymore?- Link
Autonomy, despite or because of its challenges, is more intoxicating to recall than the caress of parental protection- Link
Anatomy of a Bubble- Link
Sharing value and igniting reciprocity is a good idea. But the words ring hollow if one has neglected to create the conditions to be able to be helpful. The Milken Way- Link
Zero Trust: An Antidote for Cybersecurity Theater- Link
Tokens give users property rights: the ability to own a piece of the internet.- Link
The evolving SaaS billing and pricing structure- Link
Designers should envelop crypto-economics within a logic of politics capable of seeing beyond economic metrics for human flourishing and the common good.- Link
Is there an exponential gap? Azeem Azhar interviewed by John Thornhill- Podcast
Jack Schwager on Trading Wizards- Podcast

STEM

Humans are good at spotting intelligence that looks like our own. But there’s no rule saying machines have to think like us - Link
Anil Seth Finds Consciousness in Life’s Push Against Entropy - Link
An Inconvenient Truth About AI AI won't surpass human intelligence anytime soon- Link
how the brain makes memories – and why it sometimes fails- Link
Being Bayesian means changing your mind in proportion to the change. Link

Miscellany

Considering the prehistory of spectacles. - Link
We can’t upgrade our lives. We can only live them.- Link
“What a story is ‘about’ is to be found in the curiosity it creates in us, which is a form of caring.”- Link
Lady Gaga: ‘I’m committed to a lifetime of unlearning’- Link
As Grohl himself sees it, he’s a McCartney, not a Lennon, and if he’s filling the world with silly love songs, the object of his affection tends to be existence itself.- Link
“expertise-induced amnesia”, which is used to describe the automatic and non-conscious nature of skilled performance.- Link
Mysterious Alchemy of Sketch Comedy- Link
Meadows. Soil composition. Propagation. Staking and composting. Attending the weeklong horticulture class at Great Dixter is like getting a Ph.D. in gardening.- Link

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Weekend Reads #278

A collection of cross-disciplinary thoughts, perspectives, and opinions

News and Views

Six Rules That Will Define Our Second Pandemic Winter - Link
Five of the last six people to run the Treasury tax office had returned to their previous accounting or law firms after stepping down from their government jobs - Link
Scaling laws and the a general theory for the growth of companies - Link
Credit Suisse dumped Evergrande exposure last year on risk fears (go figure) - Link
Online payments in Brasil - Link

Perspectives

I'd rather use a track record of consistently happy and loyal customers and employees to judge a team. That strikes me as a far better predictor of future performance than psychometric questionnaires or dowsing for cultural fit. - Link
The biggest takeaway from history is that the characters change but their behaviors don’t. - Link
What the ‘Smart Money’ Knows About China’s Evergrande Crisis - Link
The next chapter at IA Ventures - Link
As More Workers Go Solo, the Software Stack Is the New Firm - Link

STEM

There’s a whole other side of stress that reveals to us that the body’s stress response, the mind stress response, was not designed to be debilitating, but instead designed to help us - Link
How Are Springs Made – The Spring Manufacturing Process - Link

Miscellany

Freediving is, after all, a lifelong opportunity to radically reshape one's body and mind in the process. - Link
Atop the remnants of an ancient volcanic crater, wandering souls search for an elusive diamond. - Link
If one surrenders to the music, the Camino becomes a form of extended walking meditation, a practice in many religious traditions. - Link

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