5/4/21 Power Five

1. The Price of Stuff that Makes Everything is Surging – Inflation is slowly rising but largely driven by commodity fluctuations and supply chain/transportation constraints. Will this be a blip or the new normal? “The prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life.”

2. Highlights from Berkshire Hathaway’s Annual Meeting – “I think the whole damn development is disgusting and contrary to the interests of civilization.” Munger on Bitcoin.

3. Reaching Herd Immunity Now Unlikely in U.S. – “Rather than making a long-promised exit, the virus will most likely become a manageable threat that will continue to circulate in the United States for years to come, still causing hospitalizations and deaths but in much smaller numbers.

4. Nicola Sturgeon’s Quest for Scottish Independence – “Sixty-two per cent of Scottish voters opted to remain in the European Union. The S.N.P. sees an independent Scotland taking its rightful place alongside other small states, such as Ireland, Denmark, and Finland, secure within the broader architecture of the E.U.

5. Facial Hair is Biologically Useless, Why Do Humans Have It? – “The two main explanations for male facial hair are intersexual attraction (attracting females) and intrasexual competition (intimidating rival males).” Basically, facial hair signals one thing to potential partners (namely virility and sexual maturity, hubba-hubba-type stuff) and some­thing else to potential rivals (formidability and wisdom or godliness). Taken together, these signals confer their own brand of elevated status to the men with the most majestic mustaches or the biggest, burliest beards.

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