I go to work in the morning train WFH wrote:

• U.S. companies have best year since 1950, profits soar New figures show earnings will rise 35% in 2021, while workers’ earnings will rise 11%. (Work Week)

• Block stock sales should be kept secret.Numbers show they are not. A Wall Street Journal analysis found that shares fell more than 58% on bulk sales. Regulators are investigating. (Wall Street Journal)

• Five things I know about investing Dartmouth finance professor Kenneth R. French explains the five principles he uses as the basis for his holistic approach to portfolio design. French has developed a flexible and comprehensive framework for portfolio design using the global average of all investors and the global portfolio of all stocks, bonds and other financial assets as reference points. (Dimension Fund Advisor)

• From Volkswagen to JPMorgan, the unlikely actors behind the big nickel squeeze The nickel market remains paralyzed after this month’s crisis. (Bloomberg)

• How One Man Helped Create an Investor Nation Fidelity’s longtime leader, Ned Johnson, has changed the way the middle class thinks about its money. (trading book)

• Unlimited use of cryptocurrenciesWorse yet, the “HODL” mantra of cryptocurrencies can mean that people are faithfully keeping their money in the system, and now there is no money to return to them. It’s not a Ponzi scheme because the money somehow exists, but it suffers the same fate – no money to pay anyone. (where is your education)

• Bill Ackman drops public fight for quieter investing approach The founders of activist hedge fund Pershing Square intend to work with the company behind the scenes (Financial Times)

• Facebook pays GOP firm to defame TikTok The company, Targeted Victory, pushed local agents across the country to post messages that TikTok was a threat to American children. “The dream is to get headlines like ‘From Dance to Danger,'” said one campaign director. (Washington post)

• Where does the fire go: virus hunters in Wuhan market For years, Edward Holmes worried that animal markets would lead to a pandemic. Now, he finds himself at the center of the debate over the origin of the coronavirus. (New York Times)

• A glimpse into the world of fear, anger, imagination Ginni Thomas’ text provides a window into the dark and conspiracy mentality. (atlantic organization)

Be sure to check out our Master of Business interview This weekend with Bill Gross, co-founder of PIMCO who manages the Total Return Fund, the largest mutual fund in the world at $293B. Gross advised the Treasury on the role of subprime mortgage bonds and was named Morningstar’s ten-year fund manager in 2010.

Balance between soaring inflation and slowing growth should lead to monetary policy compromise

resource: Bloomberg

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