A Office Monsters are trying to block their way back to 2019 Some corporate leaders are grabbing what they can to get things back the way they were. But they can fight culture change beyond their control. (New York Times) See more Brar! The air-conditioned office gave a warm welcome to the returning staff Employers beware: those who once turned thermostats into deep ice now want the kind of climate control they want at home. (Wall Street Journal)
A 60/40 Worst year for portfolio: 13% loss in S&P 500 year will be the 8th-worst calendar year return since 1928, it is now even worse for 60/40. If the year ends today, the current year-to-date return for a 60/40 portfolio would be -12.1%, the sixth-worst annual return in the last 100 years or more. (Common sense resource)
A Ready to buy a home? Just wait a few weeks The market is cooling, but buyers should spend time before they jump. (Bloomberg) See more Twilight of NIMBY Suburban homeowners like Susan Kirsch are often blamed for exacerbating the country’s housing crisis. That doesn’t mean he’s giving up his two decades of fighting against the 20 Condors. (New York Times)
A Russian yachts and money are going where US influence has diminished: American allies in the Middle East have emerged as magnets for Russia’s rich. (Bloomberg)
A The SPACs were all angry. Now, not so much. For a time, SPACs were the preferred way for companies to reach out to the public. But the threat of changing market conditions and controls is making Wall Street lose its appetite. (New York Times) See more Why most SPACs suck: Most “products” that can get stuck in a portfolio are not worth the price in terms of the performance they provide. Main Street investors realize that money is flowing from expensive, complex, low-performing products to cheap, easy, market-performing products. (Large image)
A Welcome to Great Reinfection Facing recurrence with Kovid was a rare occurrence. But now that Omicron has changed the game, hopefully re-infection will be the new normal. (Wire)
A Are workers more productive at home? A conversation with Stanford economist Nick Bloom on a surprising finding from the epidemic: remote work fueling economic growth. (Bloomberg) But also see Why isn’t new technology making us more productive? (New York Times)
A It’s not just you … the world is becoming an ugly place day by day Our world is overwhelmed by hate, and each of us should put it on track. (Eudymonia)
A Polling is clear: Americans want gun control: A vast majority of Americans support universal background checks, barring people with serious mental health problems from buying guns, banning assault-style weapons and high-powered magazines, and the so-called “red flag law” that allows police and family members. Seeking a court order to temporarily remove a gun from persons deemed at risk to themselves and others. (Vox) See more Gallup poll: Most Americans favor abortion and believe abortion is ‘morally acceptable’ Gallup identified 55% of those surveyed as pro-choice – the highest percentage since 1995. (49% used that label to describe themselves last year). Individuals identified as pro-life dropped from 47% to 39%, with the gap between the two groups increasing by 2 to 16 percentage points. 58% of the Supreme Court opposes the repeal of Rowe v. Wade. (USA Today)
A Oral History of ‘Enkino Man’, Brendon Fraser’s Caveman Cult Classic: “I don’t think anyone thought it would succeed.” (Reverse)
Be sure to check out our Masters in Business interview this weekend with Dan Chung, CEO and Chief Investment Officer of Alzar Management, which manages $ 35.3 billion in client assets. After graduating from Harvard Law Review, he served as Law Clerk for the Honorable Justice Anthony M. Kennedy of the United States Supreme Court. On September 11, the firm lost 35 people, including its CEO, and donated the Alger 35 ETF in their memory.
Upholding Row vs. Wade Supported by Most Americans, WSJ Poll Finds
Source: The Wall Street Journal