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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