Tuesday morning news drop
Three Types of Investors The first investor is always looking for signs of a bottom; The second group always thinks we’re going lower and is convinced that every rally is of the bear market variety; The third group goes back and forth between the two. Hopeful on up days and despondent on down days. (Irrelevant Investor)
Americans Are Building Vacation-Home Empires With Easy-Money Loans Selling risky mortgages based on volatile per-night Airbnb income could end badly for communities, borrowers, and investors. (Bloomberg)
The Data Shows Taxing Empty Homes Works BC’s speculation and vacancy tax returned 20,000 empty units to the rental market, says economist Tsur Somerville. (Tyee)
Silicon Valley’s Horrible Bosses: Dispatches From the Elon Musk School of Management (The Atlantic)
‘If you work hard and succeed, you’re a loser’: Can you really wing it to the top? Forget the spreadsheets and make it up as you go along – that’s the message of leaders from Elon Musk to Boris Johnson. But is acting on instinct really a good idea? (The Guardian)
The land of the free leads the world in incarceration. Why? Reform advocates say there are other ways to respond to crimes — from rehabilitation to trauma treatment. (Vox)
Merrick Garland’s impossible choice: Whether or not to prosecute Donald Trump The Jan. 6 committee is making the case that Trump is part of a criminal conspiracy, but there are many things to consider in a case against the former president. (Grid)
What if there had been no adults in the room on January 6? Thursday’s January 6 committee hearing explored the scary alternate universe if Mike Pence hadn’t stood up to Trump. (Vox)
Inside the Golden State Warriors’ return to glory: Stephen Curry & Co. all had their moments of doubt along the way, but they never stopped believing. (Sports Illustrated)
