What I read this week...
Disney coup, TikTok spying, and YouTube's big win
What I read this week…
Why the U.S. middle class is feeling squeezed (Noahpinion)
How Amazon uses AI to automate work in its corporate headquarters (Big Technology)
Meet the Florida English teacher trying to ban 150 books from school libraries (Popular Information)
Why YouTube is paying the NFL $2B annually for Sunday Ticket (Huddle Up)
Inside Big Plastic’s faltering $1.5B global cleanup effort (Bloomberg)
Silicon Valley is coming for your gut biome (NBC News)
11 times this year when politics was funny (The Atlantic)
On Twitter…
If you’re gonna claim that the Federal Reserve is “destroying your company” then you should probably go ahead and admit that it built it too.
Anyone teaching a value investing class or one on investment psychology should use this memo as a treatise to study the mindset of stonk hodlers. Note the disparaging comments on luddites who look at archaic measures of value like cash flow as short term traders. @mjmauboussin
Cathie Wood @CathieDWood
Another stunning graphic showing how racially disproportionate the surge in gun violence has been. nyti.ms/3W0ts9Q
🚨BREAKING: The European Union just introduced the first step of a personal carbon credit system.
Every citizen will have to start paying for their carbon emissions in an effort to cut emissions by 55% by 2030.
Do you see now why banks & airlines etc were already tracking it?
Chamath, I read this and listen to All-In weekly. I'd like to think the breadth of my thinking has expanded because of it. I've now started blogging, with a focus on the intersection of my work in psychiatry and modern implications. For instance, I've talked a little bit about the over-prescribing of stimulants, a topic you've brought up on All-In. I have kids and don't want this to be their future! I'm working on growing my audience. Would you consider recommending my blog, Olio of Thoughts? I'd be eternally grateful for the reciprocity!
Thanks for the work you do!
Amazon is incredible.