Wednesday morning news drop
Bonds Are Getting Crushed These days people are more concerned with losing out than they are about losing money. But it wasn’t too long ago that people spent time worrying about the most boring part of their portfolio. (Irrelevant Investor)
Biden’s huge bet: the economic consequences of ‘acting big’ Joe Biden’s strategy for the US economy is the most radical departure from prevailing policies since Ronald Reagan’s free market reforms 40 years ago. With plans for public borrowing and spending on a scale not seen since the second world war, the administration is undertaking a huge fiscal experiment. The whole world is watching. (Financial Times)
Future Returns: Why Family Offices Are Drawn Toward Venture Capital Throughout the last decade, wealthy families have gravitated away from hedge funds to private investments, including private equity and venture capital. A big reason is that entrepreneurs who are comfortable with risk, and evaluating management teams and the potential success or failure of a business idea, are usually the reason a family became wealthy. (Penta)
“The United States of Amazon.” Amazon Has Transformed the Geography of Wealth and Power, Understanding America in the giant company’s shadow (The Atlantic)
How sneakerheads ruined online shopping Why shopping — for everything from the PS5 to the Nugget couch — got so competitive. (Vox)
Clash of the GOATs: Why Wayne Gretzky is the greatest team sports player ever -- not Tom Brady (ESPN)
Tales from the trenches: Mentorship lessons learned Whether you are considering how to be a valuable mentor, or how to navigate mentorship as a mentee, the following five lessons I have learned may help you make the most of mentorship activities: (On-Site)