Articles of the week
15 Ideas from Seth Klarman’s Margin of Safety (Part 1): Risk-Averse Value Investing Strategies for the Thoughtful Investor. Klarman wrote that he “endeavoured to make the book timeless – more about how to think about investing than about what one should buy or sell at any given moment.” (Investment Talk) see also 15 More Ideas from Seth Klarman’s Margin of Safety (Part 2): Risk-Averse Value Investing Strategies for the Thoughtful Investor. “Investors should understand not only what value investing is but also why it is a successful investment philosophy. At the very core of its success is the recurrent mispricing of securities in the marketplace. (Investment Talk)
20 Lessons From 20 Years of Managing Money: The longer I’m in the money management business the more there is to learn but these are some of the things I’ve learned thus far. (A Wealth of Common Sense)
How to Die in Good Health: The average American celebrates just one healthy birthday after the age of sixty-five. Peter Attia argues that it doesn’t have to be this way. (New Yorker)
What the Upper-Middle-Class Left Doesn’t Get About Inflation: Liberal politicians and economists don’t seem to recognize the everyday harms of rising costs. (The Atlantic)
BMW Is a Surprise Winner in Electric Vehicles: Once considered a laggard, the German luxury carmaker is one of only a few established automakers that has been able to compete effectively against Tesla. (New York Times)
Among the A.I. Doomsayers: Some people think machine intelligence will transform humanity for the better. Others fear it may destroy us. Who will decide our fate? (New Yorker)
AI hustlers stole women’s faces to put in ads. The law can’t help them. Artificial intelligence is spurring a new type of identity theft — with ordinary people finding their faces and words twisted to push often offensive products and ideas. (Washington Post)
AI ‘dream girls’ are coming for porn stars’ jobs AI will change adult entertainment forever. AI will change adult entertainment forever. The risks — for sex workers and the rest of us — are profound. (Washington Post)
People Hate the Idea of Car-Free Cities—Until They Live in One: Removing cars from urban areas means lower carbon emissions, less air pollution, and fewer road traffic accidents. So why are residents so resistant? (Wired)
Why Zillow is worried about America’s housing market shakeup. The company’s stock has dropped nearly 13% since Friday’s $418 million settlement between the National Association of Realtors and groups of home sellers which ended the standard 6% commission for Realtors. (CNN)
Reddit is going public. Will its unruly user base revolt? Reddit could become the next meme stock — or flop. (Vox)
How Does Paris Stay Paris? By Pouring Billions Into Public Housing: One quarter of residents in the French capital live in government-owned housing, part of an aggressive plan to keep lower-income Parisians — and their businesses — in the city. (New York Times)
The People Rooting for the End of IVF: An Alabama court ruling that recognized an embryo as a child has put the popular fertility treatment into the center of a national ethics debate. (The Atlantic)
How 16 Companies are Dominating the World’s Google Search Results (2024 Edition) The 16 companies in this report are behind at least 588 individual brands. Combined, estimates are they pick up around 3.5 billion clicks from Google each month. An average of 5.9 million monthly clicks per site. (Detailed)
The Oceans We Knew Are Already Gone: As far as humanity is concerned, the transformation of our seas is “effectively permanent.” (The Atlantic)
Can the Masters of Hipster Cringe Conquer Hollywood With Wall Street Cash? A24, the studio behind everything from Uncut Gems to Beef, has private equity backing, a $2.5 billion valuation and a newfound desire to go mainstream. (Businessweek)
