My homecoming morning form The WFH reads:
• 6 rules to know before hanging an American flag this 4th of July: Did you know that the MLB and the NFL regularly violate one of them? (the wall street journal)
• The Multibillion-Dollar Lawsuits That Could Radically Reshape How We Buy and Sell Homes Forever: As the money reaches everyone involved in the transaction, you may be wondering: why does it work like this? According to plaintiffs in two massive class action lawsuits, this backdoor method of paying real estate agents is part of a sweeping scheme that defrauds home sellers of billions of dollars every year. (Business Intern)
• The “funflation” and pessimism of disbelief: Why splurging on high-priced tickets and hotels isn’t an economic horror story. (Fisher Investments)
• The Legacy of Harry Markowitz: Reflecting on the man who built the foundations of investing: modern portfolio theory. (the morning star)
• ‘Hot money’ is piling up in banks and starting to wreak havoc: Investors scrutinize the cost of increased traded deposits and FHLB loans as mid-sized banks bear the brunt of rising interest rates. (Bloomberg)
• Bank robbers who steal their own money: Lebanon’s central bank has plunged the country into a financial crisis that has left millions of depositors without access to their savings. Some take to extreme measures and become folk heroes in the process. (business week)
• Those who insist the pandemic is man-made ignore the known facts: People who think the novel coronavirus was the result of a lab experiment have no evidence to support their theory. (MSNBC) see also What do you think? For what? Any good investor must regularly – even constantly! – ask yourself these questions: What do I believe in and why? How do I know when I’m wrong? What will I do? (The big picture)
• People Hire Phone Bots To Torture Telemarketers: Artificial intelligence software and voice cloners simulate distracted saps ready to stay on the phone forever – or until callers eventually drop. (the wall street journal)
• Why Canada’s wildfires will affect air quality for weeks to come: The fire season in Canada is particularly bad and could cause smoke to drift south for the rest of the summer. (Voice)
• The man who broke the bowling alley: Jason Belmonte’s two-handed technique has made him an outcast. Then it made him the greatest and changed the sport forever. (QG)
Be sure to check out our Masters in Business interview with Ilana Weinstein, Founder and CEO of IDW Group, the leading recruiter of fund managers and traders for many of the biggest hedge funds. She previously worked at Goldman Sachs and Boston Consulting Group, and is a graduate of the University of Pennsylvania and Harvard Business School.
$100 Billion Wealth Migration Shifts US Economy’s Center of Gravity South
Source: Bloomberg
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