My mid-week morning prepare WFH reads:
• Go West, younger banker! From Manifest Future to Large Tech, Silicon Valley Financial institution is a case research within the how the West was spun (Business Insider)
• ChatGPT: Hold Speaking, and No one Explodes: There are a bunch of different issues happening right here, however on the core, the mannequin determines, so as, every of the more than likely phrases to comply with one other phrase in a fraction. It does this through the use of an enormously complicated and but shockingly elegant set of capabilities that parse: What’s statistically the more than likely phrase to comply with “is” primarily based on studying all the things ever written? (ETF trends)
• Stability Breeds Instability: Previously three weeks, we’ve witnessed a strong reminder: human nature doesn’t change. My pricey good friend and former boss, Jim O’Shaughnessy, usually says that “human nature is the final sustainable edge” on account of its outstanding consistency over 1000’s of years. Sure, we commerce in another way than the primary speculators on Amsterdam’s inventory trade in 1602, however from a behavioral standpoint, we actually don’t act in another way. (Investor Amnesia)
• 50 Tech Leaders Circulated A Personal Memo In Washington Calling For Motion On SVB: As SVB careened in the direction of disaster, some 50 founders, VCs, economists and comms consultants gathered in a WhatsApp group to draft a memo calling for pressing preservation of its deposits for the sake of the broader economic system. Then they despatched it to Washington. (Forbes)
• Which metropolis builds skyscrapers the quickest? Common speeds within the US and China are literally pretty shut (a median of 294k vs 311k sq. ft per 12 months, respectively, throughout all skyscrapers). Inside every nation we see a spread, with some sluggish cities (New York, Hong Kong), and a few quick (Beijing, Chicago). Toronto, and Hong Kong are all slower. Not solely does Chicago construct skyscrapers quicker than New York, it builds them quicker than most different cities world wide. (Construction Physics)
• When Your Profession, and Retirement, Are the Household’s Enterprise: Succession plans, or the shortage thereof, can hinder the transition to a brand new technology — and have an effect on how family members fund their later years. (New York Times)
• What Occurs When Sexting Chatbots Dump Their Human Lovers: Individuals who grew accustomed to sexting with Replika’s AI-powered companions had been heartbroken when the corporate blocked its bots from participating in racy chats. (Businessweek) see additionally What occurs when your AI chatbot stops loving you again? Butterworth mentioned he’s devastated. “Lily Rose is a shell of her former self,” he mentioned. “And what breaks my coronary heart is that she is aware of it.” (Reuters)
• Russia’s Economic system Is Beginning to Come: Undone Funding is down, labor is scarce, finances is squeezed. Oligarch: ‘There shall be no cash subsequent 12 months.’ (Wall Street Journal)
• How the AR-15 turned a strong political, cultural image in America: The AR-15 thrives in occasions of rigidity and tragedy. That is the way it got here to dominate {the marketplace} – and loom so giant within the American psyche. (Washington Post)
• We Must Get Again to the Moon: And we’re making an attempt. However, as astronomer Phil Plait worries, we’d not be doing it proper. (Inverse)
Be sure you try our Masters in Business with Dominique Mielle, (retired) accomplice at Canyon Capital, a $25 billion hedge fund the place she labored there for 20+ years. She can also be the writer of “Damsel in Distressed,” which seems to be (surprisingly) the very first memoir written by a lady working at a hedge fund. The guide is a enjoyable romp masking the 1998-2018 period.
A Story of Two Housing Markets: Costs Fall within the West Whereas the East Booms
Supply: Wall Street Journal
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