Top Reads, Listens, Follows & Takeaways of the week
Thoughts from the list:
-The 60s saw growth stocks outperform and low commodity prices. The 70s & 80s saw value stocks and commodities as the favored assets. The 90s saw the resurgence of growth stocks and the rise of the internet. The 2000s was the time for EM (BRICS nations), value, and commodities. The 2010s was a period of easy money and growth stocks at any cost. The 2020s? After years of significant underinvestment in energy infrastructure and investors acting as if rates would never rise again, the fiscal response to COVID and geopolitical strife seem to have set the stage for persistent inflation volatility and the cycle favoring value stocks and real assets this decade.
Reads:
The road ahead for the S&P 500 (here)
Opinion: Higher Education Can Rediscover Its Purpose (here)
How a mysterious tech billionaire created two fortunes - and a software sweatshop (here)
The Crypto Geniuses Who Vaporized a Trillion Dollars - Three Arrows Capital (here)
Interest rates & growth stocks (here)
When it makes sense to have a mortgage in retirement, and when it doesn’t (here)
Lyn Alden’s August update (here)
Schools Are Confronting Severe Learning Losses (here)
ESG investors shun sin companies, but the research shows divesting has little impact (here)
Listens:
Clifford Asness on record-high inflation, rising interest rates, and recession fears (here)
Antti Ilmanen is Flirting with Models - Unexpected Returns (here)
Joe Tsai, co-founder of Alibaba, and owner of the Brooklyn Nets, on life and his journey (here)
Sam Bankman-Fried on his life and crypto (here)
Ezra Klein on the Future of Supply-Side Liberalism (here)
John Doer speaking to GSB (here)
Follow, Watch & Other great content:
Yo-Yo Ma: NPR Music Tiny Desk Concert
Notes on the week ahead by David Kelly