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My tomorrow train The WFH says:
• The pandemic did not alter the geography of the US.: Three years after Covid began, the big cities are still standing. But changes in work and housing are resulting in some lasting changes. (city laboratory)
• So do you want to launch a hedge fund? The first thing you need to do as a new fund is to raise some seed capital. Having a wealthy benefactor helps; failing that, it can be hard work. Dan Loeb of Third Point, a New York-based hedge fund focused on event-based, value-oriented investing with $16 billion in assets under management, describes how he spent six months in the early 1990s driving Across the country opening savings accounts in mutual funds he had savings and loan associations that he later demutualized, providing the seed capital for his fund. (net interest) See also The super-rich are nervous about the economy. Should you be? Don’t be fooled by the abundance of high-end designer clothes that grace Wall Street wives. Despite a rally in stocks in the first quarter, it’s not like the environment is any easier to navigate now. Markedly higher interest rates and the recent collapse of the banking sector are making life difficult not only for ordinary people but also for the masters of the universe. (Barron’s)
• Short- and long-term inflation trends: It’s not going down as fast as some people would like, but at least the trend is down. And once those 8-9% readings start to drop, I wouldn’t be surprised to see 2-3% inflation by the end of the summer. (A wealth of common sense)
• We’ve been measuring the economy all wrong: Questionable theoretical assumptions lead economic models to approve disastrous policy changes. (the atlantic)
• Fox News won. Dominion won. The rest of us lost. Rupert Murdoch’s company doesn’t like paying for the $787 million deal. But now it’s back to normal. (vox)
• What your favorite personality test says about you: Are you a Myers-Briggs person, an Enneagram person, or something else? The Atlantic put together a quiz to help you find out. (the atlantic)
• Ticks are bringing disease to a backyard near you: Bites and infections increase as temperatures rise and deer populations increase. (Wall Street Journal)
• The Colorado River meanders through the Grand Canyon, America’s most endangered waterway: Unique ecosystem on the brink of collapse due to climate crisis and mismanagement, says conservation group American Rivers (The Guardian)
• Why it’s important that Trump leads the 2024 primary in endorsements: Leaders in FiveThirtyEight endorsement points and national primary polls the day before Iowa caucuses, and eventual nominees, in every Democratic and Republican presidential primary without an incumbent since 1972. Endorsements are as predictive of primaries as the polls. (five thirty-eight)
• The 100 Best Restaurants in New York City: NYT critic Pete Wells ranks his favorites across all five boroughs. (New York Times)
Be sure to check out our Master of Business interview this weekend with Brian Hamburger, founder of MarketCounsel and Burger Law Firm. He is an entrepreneur, lawyer, consultant, and advocate for independent investment advisers, which is a $97 trillion industry. MarketTip and the Hamburger Law Firm are the leading business and regulatory compliance consultancy for the nation’s preeminent corporate independent investment advisers in the securities and investment industry.
Most Americans are not completely sold on electric vehicles
Fountain: gallup
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