{"id":7849,"date":"2022-02-14T04:20:57","date_gmt":"2022-02-14T04:20:57","guid":{"rendered":"http:\/\/egrowonline.com\/?p=7849"},"modified":"2022-02-14T04:20:57","modified_gmt":"2022-02-14T04:20:57","slug":"10-weekend-reads-the-big-picture","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=7849","title":{"rendered":"10 Weekend Reads &#8211; The Big Picture"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>The weekend is here! Pour yourself a mug of Danish Blend Frech Press, grab a seat in the front of the plane, and get ready for our longer-form vacation weekend reads:<\/p>\n<blockquote>\n<p>\u2022 <strong>Heuristics That Almost Always Works<\/strong>.Sometimes there\u2019s a Heuristic that almost always works, like \u201cthis technology won\u2019t change everything\u201d or \u201cthere won\u2019t be a hurricane tomorrow.\u201d And sometimes the rare exceptions are so important to spot that we charge experts with the task. But the heuristics are so hard to beat that the experts themselves might be tempted to secretly rely on them, while publicly pretending to use more subtle forms of expertise. \u201cMy statistical model, accounting for chaos theory, barometric pressure, and the price of tea in China, says there won\u2019t be a hurricane tomorrow. Rejoice!\u201d\u00a0 (<a target=\"_blank\" href=\"https:\/\/astralcodexten.substack.com\/p\/heuristics-that-almost-always-work\" rel=\"noopener\">Astral Codex Ten<\/a>)<\/p>\n<p>\u2022 <strong>Sequoia\u2019s invisible hand: How Roelof Botha became one of the most powerful people in venture capital<\/strong> Few know the man who\u2019s transforming one of Silicon Valley\u2019s top VC firms. Here\u2019s what founders and other insiders think of him and his plan to upend the traditions of VC. (<a target=\"_blank\" href=\"https:\/\/www.protocol.com\/sequoia-roelof-botha\" rel=\"noopener\">Protocol<\/a>)<\/p>\n<p>\u2022 <strong>How Crypto\u2019s Original Bubble Boy Rode Ethereum And Is Now Pulling The Strings Of The DeFi Boom<\/strong> OLAF CARLSON-WEE rode 2017\u2019s \u201cinitial coin offering\u201d craze to become one of crypto\u2019s top venture investors. Now he\u2019s raking in hundreds of millions, from a blockchain rage called DeFi, which promotes the fantasy of democratized financial services. (<a target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/stevenehrlich\/2022\/02\/08\/how-cryptos-original-bubble-boy-rode-ethereum-and-is-now-pulling-the-strings-of-the-defi-boom\/?sh=21396b296ebe\" rel=\"noopener\">Forbes<\/a>)<\/p>\n<p>\u2022 <strong>Price Controls, Black Markets, And Skimpflation: The WWII Battle Against Inflation<\/strong> Back during World War II, the United States took a radically different approach to fighting inflation. And the mess that ensued might explain why the Biden Administration, and most other policymakers, are reluctant to try it out again\u00a0(<a target=\"_blank\" href=\"https:\/\/www.npr.org\/sections\/money\/2022\/02\/08\/1078035048\/price-controls-black-markets-and-skimpflation-the-wwii-battle-against-inflation\" rel=\"noopener\">NPR<\/a>)<\/p>\n<p>\u2022 <strong>The Next Austin? What Companies Will Look for in a Headquarters City<\/strong> Companies will probably always want low taxes, an educated workforce and a big airport. But other factors are likely to become far more important in the future. As global warming worsens storms, wildfires and heat waves, more companies will likely look for cities that are prepared for natural disasters and offer green energy, site-selection consultants say. The rise of e-bikes, e-scooters and self-driving cars means cities looking to appeal to companies will need a new transportation infrastructure. Cheap housing, nightlife and access to nature are also bound to become more important.\u00a0(<a target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/ten-key-factors-for-headquarter-cities-of-the-future-11644426062\" rel=\"noopener\">Wall Street Journal<\/a>)<\/p>\n<p>\u2022 <strong>How Pfizer made an effective anti-covid pill<\/strong> A covid pill could cut serious illnesses and help prevent the next pandemic. But it\u2019s expensive and in short supply. (<a target=\"_blank\" href=\"https:\/\/www.technologyreview.com\/2022\/02\/04\/1044714\/pfizer-covid-pill-paxlovid-pandemic\/\" rel=\"noopener\">MIT Technology Review<\/a>)<\/p>\n<p>\u2022 <strong>Your attention didn\u2019t collapse. It was stolen<\/strong> Prof Joel Nigg, who is one of the leading experts in the world on children\u2019s attention problems, and he told me we need to ask if we are now developing \u201can attentional pathogenic culture\u201d \u2013 an environment in which sustained and deep focus is harder for all of us. Social media and many other facets of modern life are destroying our ability to concentrate. We need to reclaim our minds while we still can (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/science\/2022\/jan\/02\/attention-span-focus-screens-apps-smartphones-social-media\" rel=\"noopener\">The Guardian<\/a>)<\/p>\n<p>\u2022 <strong>What Was the TED Talk? Some Thoughts on the \u201cInspiresting\u201d<\/strong> The rhetorical style TED helped popularize was \u201cmiddlebrow megachurch infotainment,\u201d and had begun to directly influence the type of intellectual work that could be undertaken. If the research wasn\u2019t entertaining or moving, it was seen as somehow less valuable. TED\u2019s influence on intellectual culture was taking something with value and substance and coring it out so that it can be swallowed without chewing. (<a target=\"_blank\" href=\"https:\/\/www.thedriftmag.com\/what-was-the-ted-talk\/\" rel=\"noopener\">The Drift<\/a>)<\/p>\n<p>\u2022 <strong>The Waste Land<\/strong>: Two crucial and interconnected resources\u2014human feces and arable soil\u2014face crises of mismanagement. (<a target=\"_blank\" href=\"https:\/\/www.nybooks.com\/articles\/2022\/02\/24\/the-waste-land-sewage-treatment\/\" rel=\"noopener\">New York Review of Books<\/a>)<\/p>\n<p>\u2022 <strong>Our Universe is normal!<\/strong> Its biggest anomaly, the CMB cold spot, is now explained. The Universe is supposed to be the same everywhere and in all directions. So what\u2019s that giant \u201ccold spot\u201d doing out there? (<a target=\"_blank\" href=\"https:\/\/bigthink.com\/starts-with-a-bang\/cmb-cold-spot\/\" rel=\"noopener\">Big Think<\/a>)\u00a0<b>\u00a0<\/b><\/p>\n<\/blockquote>\n<p>Be sure to check out our\u00a0<a target=\"_blank\" href=\"https:\/\/ritholtz.com\/category\/podcast\/mib\/\" rel=\"noopener noreferrer\" data-web-url=\"http:\/\/www.bloombergview.com\/topics\/masters-in-business\">Masters in Business<\/a>\u00a0<a target=\"_blank\" href=\"https:\/\/itunes.apple.com\/us\/podcast\/masters-in-business\/id730188152?mt=2\" data-web-url=\"https:\/\/itunes.apple.com\/us\/podcast\/masters-in-business\/id730188152?mt=2\" rel=\"noopener\">interview<\/a> this weekend with\u00a0<a target=\"_blank\" class=\"gtrackexternal\" href=\"https:\/\/www.bailliegifford.com\/en\/uk\/about-us\/literature-library\/press-releases\/james-anderson-retires-from-partnership\/\" rel=\"noopener\">James Anderson<\/a>, partner at\u00a0<a target=\"_blank\" class=\"gtrackexternal\" href=\"https:\/\/www.bailliegifford.com\/\" rel=\"noopener\">Baillie Gifford<\/a>, the Edinburgh, Scotland investing giant that manages $470 billion in client assets. He runs FTSE-100-listed Scottish Mortgage Investment Trust, a $23.5 billion fund, where since 2001, he has generated returns of 1,700%.<\/p>\n<p>\u00a0<\/p>\n<p><strong>What Inflation Will Do to Your 2022 Taxes<\/strong><br \/><a target=\"_blank\" href=\"https:\/\/ritholtz.com\/wp-content\/uploads\/2022\/02\/2022taxes.png\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"lazy lazy-hidden alignnone wp-image-287047\" data-lazy-type=\"image\" src=\"https:\/\/ritholtz.com\/wp-content\/uploads\/2022\/02\/2022taxes.png\" alt=\"\" width=\"600\" height=\"544\" srcset=\"\" \/><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-287047\" src=\"https:\/\/ritholtz.com\/wp-content\/uploads\/2022\/02\/2022taxes.png\" alt=\"\" width=\"600\" height=\"544\" srcset=\"https:\/\/ritholtz.com\/wp-content\/uploads\/2022\/02\/2022taxes.png 1323w, https:\/\/ritholtz.com\/wp-content\/uploads\/2022\/02\/2022taxes-300x272.png 300w, https:\/\/ritholtz.com\/wp-content\/uploads\/2022\/02\/2022taxes-1024x929.png 1024w, https:\/\/ritholtz.com\/wp-content\/uploads\/2022\/02\/2022taxes-768x697.png 768w, https:\/\/ritholtz.com\/wp-content\/uploads\/2022\/02\/2022taxes-250x227.png 250w\" \/><\/a><br \/>Source: <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/2022-tax-table-inflation-adjustment-11641521853\" rel=\"noopener\">Wall Street Journal<\/a><\/p>\n<p>\u00a0<\/p>\n<p><a target=\"_blank\" class=\"gtrackexternal\" href=\"https:\/\/mailchi.mp\/005fb77d75b9\/ritholtzreads\" rel=\"noopener noreferrer\"><em>Sign up for our reads-only mailing list here<\/em><\/a>.<\/p>\n<p style=\"text-align: center\">~~~<\/p>\n<p><em>RRs will be on vacation next week; No AM Reads Monday 2\/14 to Friday 2\/18<\/em><\/p>\n<div class=\"printfriendly pf-alignleft\"><a target=\"_blank\" href=\"#\" rel=\"nofollow noopener\" title=\"Printer Friendly, PDF &amp; Email\"><img decoding=\"async\" class=\"lazy lazy-hidden\" style=\"border:none;padding:0;margin:0\" data-lazy-type=\"image\" src=\"https:\/\/cdn.printfriendly.com\/buttons\/printfriendly-button.png\" alt=\"Print Friendly, PDF &amp; Email\" \/><img decoding=\"async\" style=\"border:none;padding:0;margin:0\" src=\"https:\/\/cdn.printfriendly.com\/buttons\/printfriendly-button.png\" alt=\"Print Friendly, PDF &amp; Email\" \/><\/a><\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/ritholtz.com\/2022\/02\/10-weekend-reads-25\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The weekend is here! Pour yourself a mug of Danish Blend Frech Press, grab a seat in the front of the plane, and get ready for our longer-form vacation weekend reads: \u2022 Heuristics That Almost Always Works.Sometimes there\u2019s a Heuristic that almost always works, like \u201cthis technology won\u2019t change everything\u201d or \u201cthere won\u2019t be a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[39],"tags":[70,3726,5057,974],"class_list":["post-7849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ico","tag-big","tag-picture","tag-reads","tag-weekend"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/2022taxes.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7849"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7849\/revisions"}],"predecessor-version":[{"id":7851,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7849\/revisions\/7851"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/7850"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7849"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}