1/25/21 Power Five

1. How LeBron Spends $1.5 Million to Stay Fit – cryotherapy, hyperbaric chambers, etc. it takes a village to keep LeBron at the top of his game at 35.

2. How Venture Capitalists Are Deforming Capitalism – “The V.C. industry has grown exponentially since Perkins’s heyday, but it has also become increasingly avaricious and cynical. It is now dominated by a few dozen firms, which, collectively, control hundreds of billions of dollars. Most professional V.C.s fit a narrow mold: according to surveys, just under half of them attended either Harvard or Stanford, and eighty per cent are male. Although V.C.s depict themselves as perpetually on the hunt for radical business ideas, they often seem to be hyping the same Silicon Valley trends—and their managerial oversight has dwindled, making their investments look more like trading-floor bets. Steve Blank, an entrepreneur who currently teaches at Stanford’s engineering school, said, ‘I’ve watched the industry become a money-hungry mob. V.C.s today aren’t interested in the public good. They’re not interested in anything except optimizing their own profits and chasing the herd, and so they waste billions of dollars that could have gone to innovation that actually helps people.’”

3. The Radicalization of Kevin Greeson – “How one man went from attending President Barack Obama’s inauguration to dying in the mob protesting Donald Trump’s election loss during the Capitol insurrection.”

4. Can We See Past The Myth of The Himalaya – “was hardly the first visitor whose view of the Himalaya was shaped by romantic fantasies, or paranoid neuroses. Ancient Indian sages wrote tales of flesh-eating demons and singing spirits (the Mahabharata makes several mentions of the Himalaya, whose name is Sanskrit for “abode of snow”). The Greeks and Romans—purportedly including Alexander the Great—were enthralled by Herodotus’ tales of giant gold-digging ants in the mountains; scholars today assume that the traveller and historian was referring to the Himalayan marmot, a nervous, furry mammal that wanders the lower altitudes. “Mountains have always been places for lowlanders to exercise their imaginations,” writes Ed Douglas near the start of “Himalaya: A Human History” (Norton), his ambitious, learned account of the ranges. ‘The abode of snow has offered a vast white screen on which to project the fantasies of all comers: exiled kings, foreign imperialists, spiritual seekers, self-important explorers, archeologists, missionaries, spies, mapmakers, artists, hippies—and climbers.’”

5. Every Warren Buffett Needs a Charlie Munger – “Mr. Buffett likes to call Mr. Munger “the abominable no-man” for his tendency to shoot down suggestions. Mr. Buffett has told me he treasures their friendship not just because Mr. Munger gives him good ideas, but because he destroys bad ones.”