Super Bowl, Investing, GameStop, Jeff Bezos and Unemployment

Monday morning articles to read

  • The Winners and Losers of Super Bowl LV Tom Brady keeps winning just to prove he can, and though Patrick Mahomes lost, he made highlight-worthy throws to the very end. Plus: taunting, a failed big-man reception, and more. (The Ringer)

  • The Weeknd’s Super Bowl 2021 Halftime Show Broke Longstanding Traditions Despite speculation that he might be joined by other artists, the spotlight was focused firmly on the 30-year-old chart-topper and an array of backup dancers and singers (Vanity Fair)

  • They Stormed the Capitol. Their Apps Tracked Them. Times Opinion was able to identify individuals from a trove of leaked smartphone location data. (New York Times)

  • Wealthsimple’s membership has exploded in recent days — and its founder is alarmed Michael Katchen has one word to describe his approach to personal investing: “boring.” That’s why the CEO of Wealthsimple, the Toronto-based financial management system for young people new to investing, watched the recent trading frenzy in the stock market with some alarm. This approach, buying and selling shares of somewhat random stocks in the hopes it might sink a few hedge funds, was anything but boring. (Toronto Star)

  • The GameStop Phenomenon Is Hardly New. Here’s How a Similar Squeeze Played Out in 1923. Long before GameStop, there was Piggly Wiggly.In 1923, the supermarket company—which still does business in the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop. (Barron’s)

  • J.P. Morgan Won Active Management in 2020. Here’s How They Did It. “We took the playbook out and we executed against it,” Gatch, who took over as CEO in August 2019, told Institutional Investor during a Zoom call from his New York apartment. “We had no idea it was going to be a pandemic, but we knew that a crisis was coming,” he said, in his first media interview about about its performance last year. (Institutional Investor)

  • Jeff Bezos Doesn’t Have Time to Be CEO of Amazon “I’ll do hobbies. I’ll see movies. I’m talking about work. I’m not going to work on something that I don’t think is improving civilization. I think The Washington Post does that, I think Amazon does that, and I think Blue Origin does that. And I’m not going to put productive energy into anything that doesn’t improve civilization. Why would I? What would I be trying to do?” The shelf life of a tech executive, innovation in the Covid era. (Wired)

  • America’s deeply unequal economic recovery, explained in 7 charts The pandemic has made employment disparities in America more evident than ever (Vox)

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