10 Monday Morning Readings – Overview

My homecoming morning form The WFH reads:

Most pros can’t beat the market: 2021 is the 13th consecutive year in which the majority of fund managers in this category have lagged the index. (TKer)

The exodus of people aged 55 and over from the labor market is a statistical mirage People in their late 50s and early 60s did not stop working, and for those over 65, the decline in labor force participation was smaller than generally portrayed. (Bloomberg) see also Silent shutdown is a fake trend: What people now call “quietly quitting smoking” was, in previous decades, known simply as “having a job”. (Atlantic)

Inside the World’s First No-Coiner Conference The Crypto Policy Symposium in London was a historic gathering of crypto skeptics – and no one tried to sell me anything. (Decrypt)

Four reasons why GDP is a useful number: Critics have exaggerated their case. (Noahpinion)

Electric vehicles have taken off. Automakers weren’t ready: More buyers are lining up for electric vehicles, catching automakers off guard and sparking a race for more batteries, factories and materials (Wall Street Journal)

Why do we always focus on the wrong things? Bad things make us feel worse than good things make us feel good. Complaining seems more natural than gratitude to most people because it’s easier. And I’m sure there is some survival of the fittest trait that was passed down from our ancestors. Paying attention to bad things kept you alive. (A wealth of common sense)

Xi Jinping’s Weakness: How hubris and paranoia threaten China’s future (Foreign Affairs)

Life is an accident of space and time: Even if life existed on all the planets that could support it, living matter in the universe would amount to only a few grains of sand in the Gobi Desert. (Atlantic)

Checkmate: Something crazy is going on in the chess world right now, and I’ll tell you right now that I don’t really understand it. But I still want to talk about it because it’s about something bigger that’s going on in all sports, something confusing and alluring and perilous. (JoeBlogs)

When Duke Ellington set a record for one person: Queen Elizabeth The jazz legend pressed a single gold record, and secretly sent it to Buckingham Palace. (The Honest Broker)

Be sure to check out our Master in Business this week with Albert Wenger, Managing Partner at Union Square Ventures. He co-founded 5 companies; served as president of del.icio.us until the company was sold to Yahoo; angel investor Etsy + Tumblr. Wenger is the author of World After Capital, describing the shift to the knowledge age + its implications for business and society.

Gold should have been a safe haven in 2022, but year-to-date it’s down around 8%

Source: WSJ

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