Weekend here! Pour yourself a cup of Bean Box coffee, grab a seat on the sofa, and get ready to read our longest weekend texts:
• Illusion of knowledge: I have been expressing indifference to forecasts for nearly the time I have been writing my memoirs, starting with the value of forecasts, or where all that rain came from in February 1993. Over the years since then, I’ve explained at length why I haven’t My interest in predictions—some of my favorite quotes echo my disdain in the sections below—but I’ve never devoted a note to explaining why useful holistic predictions are so difficult to make. So here it is. (Oaktree Capital)
• Most professionals can’t beat the market: It is still very difficult to generate returns in a stock market that has outperformed (or outperformed) a passively managed fund that tracks the S&P 500 Index. According to the S&P Dow Jones Indexes (SPDJI), 51.2% of large US stock fund managers underperformed. The S&P 500 level during the first half of 2022 – despite the fact that the S&P itself fell into a bear market during that period. (TKer)
• Market share: Understanding competitive advantage through market power “There is no more important proposition in economic theory than that under competition, the rate of return on investment tends toward equality in all industries. (Morgan Stanley)
• We talked to the last person standing in the floppy disk business Turns out the old floppy disk is more in demand than you might expect. (Ega eye on design)
• Genetically modified purple tomatoes are coming to the grocery aisles. Do you bite the United States? Most genetically modified foods have been developed to help farmers. This will try to influence health-conscious shoppers. (wired)
• Get into focusOnce thought to primarily affect ADHD boys, diagnoses of ADHD have risen among adult women. For one writer, coming to terms with her diagnosis later in life has put her history and her family’s history in a new light. (Harper’s Bazaar)
• How many people can handle the land? By the end of 2022, the Earth’s population is expected to reach eight billion. To mark the occasion, BBC Future takes a look at one of the most controversial issues of our time. Are there many of us? Or is this the wrong question? (BBC)
• Can’t we come up with something better than liberal democracy? The preferred form of autonomy in the West is creaking. Legal researcher and philosopher suggest some alternatives. (New Yorker)
• The mysterious and stubborn allure of mass-produced fried chickenWhy do so many great chefs call Popeyes fried chicken their favourite? (vice)
• Roger Federer has retired from tennis – but his mark on the sport is indelible: To understand Roger Federer is to capture athletic harmony. He talks about his strategy on fire and ice: combining intense desire for success with coolness to maintain his composure. His career was a story of mind and body working together like clockwork, to create an aesthetically pleasing state of tennis – and also a method that led to astounding success. (ESPN) see also Roger Federer as a religious experience: (published in 2006) (The New York Times)
Make sure to check out Master of Business an interview This weekend with Albert Wenger, Managing Partner at Union Square Ventures. Co-founded 5 companies; was head of del.icio.us by selling the company to Yahoo; Angel investor Etsy + Tumblr. Wenger is the author of a book The world after capitalAnd the Describe the transition to the age of knowledge + its effects on business and society.
The end of Covid-19 ‘in sight’?
To find out how to compile these readings each day, Please see this.