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The weekend is right here! Pour your self a mug of espresso, seize a seat exterior, and prepare for our longer-form weekend reads:
• How Stockpickers Lastly Beat the Index Funds: With much less driving on slumping tech shares comparable to Amazon, Tesla and Microsoft, many lively fund managers lastly surpassed their benchmarks in 2022. (Bloomberg)
• Jim Cramer versus the world: How the Mad Cash host went from stock-picking star to the ‘anti-Midas’ (The Spectator)
• Dissecting Elon Musk’s Tweets: Memes, Rants, Personal Elements and an Echo Chamber: What Mr. Musk says on Twitter has an enormous attain, now greater than ever: His viewers is likely one of the largest, with almost 128 million accounts following him. It’s the place he solicits recommendation, conducts polls, condemns censorship and pronounces sweeping coverage adjustments on the platform. As an influence person who now controls the corporate — he lately referred to as himself the “chief twit” — Mr. Musk has vowed to remake the social community in his imaginative and prescient. (New York Occasions)
• America’s Fever of Workaholism Is Lastly Breaking: For the primary time in 50 years, the wealthy are shopping for extra free time. (The Atlantic)
• A Puzzling Inheritance: Why, in a world the place wealth issues greater than ever, we need to tax it much less (Political Calculus)
• An alleged $500 million Ponzi scheme preyed on Mormons. It ended with FBI gunfire. In Las Vegas, a lawyer with big playing money owed is accused of a monetary fraud that left lots of of victims in its wake. (Washington Submit) see additionally 50% Threat-free Annual Returns: If it sounds too good to be true, it most likely is. (The Massive Image)
• The hyperlink between our meals, intestine microbiome and melancholy: A brand new research takes an essential step ahead in understanding the connection of intestine micro organism to what we eat and the way we really feel. (Washington Submit) see additionally The Reason for Despair Is Most likely Not What You Suppose: Despair has typically been blamed on low ranges of serotonin within the mind. That reply is inadequate, however alternate options are coming into view and altering our understanding of the illness. (Quanta Journal)
• Overlook Pandemic Puppies. Meet the Inflation Hen. Persons are snapping up chickens which are “heavy layers” in response to egg inflation. The chick state of affairs holds classes in regards to the broader financial system. (New York Occasions)
• A conservative choose helped cease Trump on Jan. 6. He needs to complete the job. Michael Luttig, one of the vital celebrated authorized minds of his era, by no means ascended to the Supreme Court docket. However many assume the retired jurist performed a much more consequential function for the nation. Now he envisions ‘the start of the tip of Donald Trump.’ (Washington Submit)
• Golf’s Existential Disaster Is Coming to Netflix: When it greenlit its new golf collection Full Swing, Netflix hoped to construct one thing like the subsequent Drive to Survive—then a controversial new Saudi league took purpose on the PGA Tour and the battle for the soul of the sport commenced. It’s factor cameras had been rolling. (GQ)
Make sure to try our Masters in Enterprise subsequent week with William Cohan, M&A funding banker at Lazard Frères, Merrill Lynch, and JP Morgan Chase. He’s additionally an completed writer, was a columnist for Vainness Truthful’s Hive, and a founding father of Puck. He’s additionally a NYT bestselling writer of a number of books on Goldman Sachs, Bear Stearns, and Lazard Frères. His newest e-book on GE is titled: “Energy Failure: The Rise and Fall of an American Icon.”
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