10 Wednesday morning reading-big picture


My morning in the middle of the week train WFH wrote:

5 Pitfalls of Thanksgiving Travel – and how to deal with them It is expected that the airport will be very crowded this holiday, and the traffic will also be very crowded (Washington post)

Age of uncertainty! Uncertainty is everywhere. This happens with every rise in the S&P 500 after the racial riots aired on TV. During the mass arrest of the attack on our nation’s capital, it set a new high in every record of the Nasdaq. You can see in the prospectus of every loss-making unicorn that it has raised billions of dollars from people who can’t even spell the word prospectus, let alone read it. Every NFT issuance, every airdrop of mystery tokens, every SPAC transaction, when this country burns on our TV screen every night—whether metaphorically or practically—has a certain degree of uncertainty. As the casino goes into overdrive, everything becomes more terrifying. What should I do if I don’t play? Funcertainty, girl. Enter the game or leave me. (Reform broker)

The Conglomerate Paradox: With the Split of General Electric You can call this the end of the era of corporate groups. However, the fact is that that era ended in the United States decades ago. GE is just one of the few clumsy dinosaurs that survived an asteroid impact. However, although the established American conglomerates are extinct, a new variety is evolving to replace them at the top of the food chain: Techglomerates. Companies like Google, Facebook, and Amazon have been acquiring companies and entering industries they have not traditionally been involved in. (NPR)

Here is how institutional investors’ bets on cryptocurrencies perform Pension funds and other funds entering the cryptocurrency space are beating their peers-at least for now. (corporate investor)

Wind of change The past 20 months have been the most unusual period, mainly due to the pandemic, but during that time, many things did not feel changed. Every day seems to be the same as every other day. I mainly stay at home and deal with emails and Zoom calls-whether it is work-related or not. It feels no different on weekdays than on weekends (especially before the vaccination, we rarely go out to eat or visit others). We only had one week-long vacation once in two years. The best way to summarize it is through comparison with Groundhog Day: every day feels a lot like the day before. (Oaktree Capital)

How to avoid the world’s second largest economy in your portfolio The Chinese economy presents some unique challenges for investors. On the one hand, China is home to some of the most dynamic and fastest-growing companies on the planet, such as electric car manufacturers Xiaopeng and Weilai (NIO) and private TikTok owner Bytedance. But China’s recent crackdown on the technology industry has slowed the earnings momentum of big brand companies including Baidu (BIDU), Alibaba (BABA) and WeChat owner Tencent (TCEHY). (CNN)

To bet on inflation is to bet on human ingenuity David Rosenberg, founder of Rosenberg Research, does not expect inflation to continue to soar. In an in-depth interview, he explained how investors position themselves in a deflationary market environment and which indicators he pays particular attention to. (market)

How music created Silicon Valley Without songs, tech giants would not be able to build their own empires-now they are destroying the cultural ecosystem that made them rich (Honest broker)

The mystery of the pigeon: how do they find out their incredible long way home? From around 2000 BC, when it was thought that the ancient Sumerians discovered the amazing homing ability of pigeons, we still don’t know how these birds are positioned in the sky. Scientists have various theories, but they have not fully understood this phenomenon. “This is a mystery. This is part of the reason this sport is so interesting.” (walrus)

The office holiday party is back and smaller than ever People either love or hate office holiday gatherings. Almost everyone hates virtual office holiday parties. When we entered the second pandemic holiday, both types of activities aimed at celebrating employees and humanizing bosses were back. But they may be different from what you remember. (sound)

Be sure to check our Master of Business This week with Edwin Conway, Global Director BlackRock Alternative Investor (BAI), its total assets exceed 300 billion U.S. dollars. BlackRock’s global alternative businesses, including real estate, infrastructure, hedge funds, private equity and credit, are one of the fastest growing sectors of the investment giant.

Recovery of American Financial Health

source: Visual capitalist

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