The weekend is here! Pour yourself a cup of Volcanica coffee, sit down in the aisle, and get ready for our longer weekend reads:
• An economist studied popular financial advice. Some might mislead you: Thinkinfluencers vs Economists: Economists may know a lot about how people should act. But, as empirically-minded behavioral economists, we recognize that people don’t act that way. And that’s where popular authors win. (NPR)
• Can Mike Novogratz’s Comeback Story Survive The Crypto Crash? The Wall Street vet has a tattoo of the coin that triggered the downturn. He says it makes him humble. (Institutional Investor) see also Interview: Vitalik Buterin, creator of Ethereum In which we talk about the big changes in cryptography. (Noahpinion)
• Attention span. “Where do ideas come from? » Last year I read a claim that “imagination” was arguably humanity’s greatest gift. That he was essential to success, not only in the arts, but also in the sciences, business strategy and investing. I didn’t really understand what it meant, so I spent a few months learning more. Here are some of the most interesting things I found. (KCP Group)
• Your career is only an eighth of your life: Five career tips, shaped by economics, psychology and a bit of existential math. (Atlantic)
• A prehistory of social networks: The standard narrative of Internet history took shape in the early 1990s, as a mix of commercial online services, academic networks, and local community networks that evolved into something larger, more commercial and more accessible to the general public. As the hype began to build around the “information highway”, people wanted some backstory. (Problems in science and technology)
• Good or bad memory? A brain molecule decides. When the brain encodes memories as positive or negative, a molecule determines which direction they will go. (Quanta Magazine)
• Super-rich ‘preppers’ plan to save themselves from the apocalypse: Tech billionaires buy fancy bunkers and hire military security to survive a societal meltdown they helped create, but like everything they do, it has unintended consequences. (The Guardian) see also Death cheats: Members of Longevity House are united by two things: a willingness to give $100,000 and a burning desire to live forever. Inside the strange world of cryotherapy, bioburden and fecal transplants (Toronto Life)
• The story in numbers: Is history a matter of agency and individual action, or of finding and quantifying underlying structures and patterns? (Infinite time)
• How to Summon the Devil and What to Do When He Shows Up: Complex historical lore of spirit conjuring would make for even better art than its simplified on-screen counterpart (Blood Knife)
• How Justin Tucker became the greatest kicker in NFL history: The confidence, perseverance and utter obsession required to play the least understood position on the court. (New York Times)
Be sure to check out our Master in Business next week with Kristen Bitterly Michell, Head of North America Investments for Citi Global Wealth. She is on various “Most Powerful Women in Finance” lists, including American Banker, Crains Rising Stars in Banking & Finance 2020. Citi Global Wealth manages over $800 billion in client assets, and North America represents about half of this activity.
Most Americans who have experienced extreme weather see a link to climate change
Source: Pew Research Center
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