5/29/20 Power Five

1. Banerjee and Duflo on Life After Covid – The latest Econ Nobel Laureates compare the global recovery after WWII to today’s.

2. Warren Buffett’s 20 Slot Rule – “So don’t waste your next slot. Spend time thinking about what pursuits you’re truly passionate about. Ask yourself: How important is it to me? Does it motivate me? Will I benefit from it later in life?

3. How Baseball Players Became Celebrities – “Stories in the papers about Babe Ruth visiting an orphanage, say, are good for the Babe Ruth brand. They raise the value of Ruth’s next endorsement deal. But stories about Babe Ruth also sell newspapers, which then can sell more advertising space. It’s in everyone’s interest (including the orphanages’) to make Ruth a magnet for public eyeballs. All Ruth has to do is to keep hitting home runs and winning championships. The agent takes care of the rest.”

4. Why Yo-Yo Ma Would Invite Socrates to Dinner – Some great book recommendations from one of the most interesting people on the planet. The Little Prince, In Pursuit of Disobedient Women, The Hundred Thousand Fools of God, and Kalila wa Dimna, to name a few.

5. Raphael…The Architect? – Raphael died 500 years ago at the age of 37 from a viral pneumonia that tore through Rome. Only fitting that the top museums in the world are having to postpone their celebratory exhibitions due to another viral crisis. While he is known as one of the Renaissance master painters, he was pursuing a career in architecture in the years preceding his death.