10 Friday AM Read – big picture

Happy Friday the 13th! End your week strong with our mornings The train WFH reads:

A For millions of Americans, now is a good time: Piggy Bank, their home, their retirement accounts are up and they want to make their living happier. When this roar ends, everything will change. (New York Times)

A The ethics of indexing redox Is the current dominance of passive strategies in the flow disturbing how markets work? Does pooled ownership (whether in CIT, MF, CEF, or ETF) create a “winner or loser” in a way that does not represent that ownership? (ETF Trends) See more Low cost indexing: for scapegoat (fill in the blanks) It is worthwhile to discuss the impact of the index on investors, their portfolio and the market and explain why – despite the best efforts of a crew of tenants to try to show otherwise. At low cost, passive indexing is not the root of all evil. (Larger image)

A Private credit has grown in low yields – and is now set to improve Managers have pushed the benefits of floating rates year after year. Only now are investors finally noticing. (Institutional Investors)

A How Gillette embraced the beard to conquer the Scruffy millennium A new line of mustache wax, heated razors and other decor products has helped the company reverse a decade-long decline. (Business Week)

A Bitcoin, NFT, SPAC, meme stocks – all these epidemics are hurting investment loved ones Over the past few weeks and months, almost every financial asset has returned to Earth after high-altitude flights. This includes conventional stocks and bonds, which spent most of 2022 in red. But meme stocks, such as cryptocurrency, non-fungible tokens (NFTs), blank-check companies, or SPAC, and Gamestop, have hit hardest. (Los Angeles Times) See more How $ 1 trillion crypto disappeared in just six months Helium is exiting Bitcoin and other cryptocurrencies as investors move away from risk (Wall Street Journal)

A The highest inflation in America is punishing a Texas city and its inhabitants Used to make Midland, Texas, Boom and Boost. But even here, prices are hurting the local economy – and the Fed may not be able to help. (Bloomberg)

A With a population of 1.4 billion, Africa is the least connected continent: Google and Meta are now investing heavily in building huge subsidy cables, bringing Internet infrastructure to millions. But the cables will also give US-based technology giants an unprecedented level of control. (Rest of the world)

A There is a cheap solution to the problem of charging electric vehicles: What we really need is a system that takes advantage of the power of an EV: most importantly, it has the ability to charge anywhere and anytime. And it doesn’t have to be that expensive. (Slate)

A The abortion providers that Republicans are struggling to stop “Google’s algorithms are suddenly becoming de facto gatekeepers for accessing safe abortion services in the United States.” (Vox)

A The strange afterlife of George Carlin Nearly 14 years after his death, his provocative humor has taken people across the political spectrum. What happens when comedy goes beyond the era when it was made? (New York Times)

Be sure to check out our Masters in Business next week with Boaz Weinstein of Saba Capital. Hedge Fund specializes in credit default swaps, tail protection and volatility trading. Saba 5 is one of the largest SPAC investors. Previously, Weinstein was co-chairman of Deutsche Bank’s Global Credit Trading and a member of the Global Markets Executive Committee. Against JPM, Weinstein became infamous as a trader on the other side of the London whale trade, losing ঙ্ক 2B to Bank and সাব 100 million to Saba.

The great resignation is becoming a “middle life crisis”

Source: Vox

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