5/19/20 Power Five

  1. The Three Sides of Risk – Morgan Housel on losing friends in an avalanche and how to think about risk in investing and life. Recommend.
  1. The Man Feeding a Remote Alaska Town with a Costco Card and a Ship – I’ve wondered how people living in rural communities feel about being isolated from resources, in times like this. Very unlikely the current generation relocates, but maybe the next will see the impact a pandemic or emergency can have on rural hospitals, supply chains, and food shortages and consider a different lifestyle. Obviously nothing wrong with living in a rural community or indian reservation, but access to resources is vitally important.
  1. van Gogh by Car – “Art lovers will drive into the 4,000 square foot downtown industrial space and will stay inside their vehicles.” Years of work is at risk of being thrown out the window. To survive and thrive, you have to make a pivot.
  1. Heckman vs. Chetty – Chetty’s analysis certainly has flaws, but the amount of data and breadth and quality of publications is hard to ignore. Heckman is no slouch himself, but it’s always easier to criticize than create. Chetty’s body of work deserves criticism and hopefully will see continual progress in the years to come.
  1. 183 Benefits of the Coronavirus – 90,000 dead is a huge number and completely unnecessary if an appropriate response had been in place. But as with any tragedy, there is a silver lining.

4/3/20 Power Five

  1. Heather Boushey’s Five Predictions for the CV19 Recession – This will be long, painful for millions, and will require a lot more than some SBA loans and $1,200 a person to fix.
  1. Yayoi Kusama in Your Living Room – Visited the Infinity Mirrored Room last year at The Broad – highly recommend.
  1. Administration Ended Coronavirus Detection Program Two Months Prior to China’s First Case – Almost too unbelievable to be true. USAID pulled $200m from a coronavirus research for labs in…Wuhan.
  1. On Bookshop: The latest David looking to take down Goliath – Could Indie booksellers gain up to take back market share from Amazon and B&N?
  1. When Should I Rebalance? – You finally have the perfect asset allocation in place…and then suddenly the bottom falls out. Do you react and rebalance asap? Or wait it out?

4/2/20 Power Five

  1. America’s Work Obsession – “Even if Americans stayed home for the next several weeks, the average American would still finish the year having worked as many hours as Germans work in a typical year.”
  1. On Restaurant Margins – Recommended. Infographics break down financial statements from Boston’s Mei Mei.
  1. How Jay Powell’s Career Prepared Him for the Crisis – Bernanke was eminently prepared to deal with the last crisis as an expert on the Great Depression. Powell’s preparation – corporate law, Wall Street, and public service.
  1. Antoine de Saint-Exupery’s Original Watercolors for The Little Prince – “On July 31, 1944, he left on a reconnaissance mission, never to return. He was 44 years old when he perished – a biographical detail that lends eerie poignancy to the fact that, perched atop his little planet, the Little Prince watched the sun set exactly 44 times.”
  1. 15 Pastas to Make From Scratch – Quarantine is a perfect time to try something new.