My homecoming morning form The WFH reads:
• What exactly is your problem with stock index concentration? Ever since artificial intelligence was invented eight months ago, people have been writing about the increasing concentration of stock indices. The usual way to start is to observe that the trillion-dollar computer club is about a quarter of the S&P 500 index by weight – due to the hype of AI, or perhaps the result of rotation by investors after the sale of the same shares. one year earlier. Everyone says that so much concentration is bad, because obviously. But there is not much agreement on the specific reasons for this nastiness. (FinancialTimes)
• The New 1970s: The United States is a confused and unstable nation. But green shoots grow quietly. (Noahpinion)
• Three maintenance philosophies fought for control in the automotive industry: A fundamental question that will come up again and again is: what are the best ways to design for maintenance? In the early days of the automotive industry, no less than three radically different maintenance design philosophies clashed. One lost, but not due to maintenance issues. The other two won big by rejecting the other’s approach to maintenance. (Work in progress)
• As greed begins to fade, wage inflation sets in: Weaker demand, higher supply and rising labor costs are stifling profit margins. (the wall street journal)
• Q&A with Robert McCauley on Manias, Panics, and Crashes: A History of Financial Crises: In 1978, Charles Kindleberger published what would become the classic text on financial bubbles, Manias, Panics, and Crashes: A History of Financial Crises. Although Kindleberger passed away in 2003, his work has never seemed more relevant. Economists have described recent economic conditions as the “everything bubble,” where the prices of all asset classes are simultaneously overvalued. (London School of Economics)
• Meta’s new Threads app is terrible. It might just bury Twitter. It has a killer feature that is a nightmare for Elon Musk. after less than a day, a new warrior has clearly taken the lead in the wars on Twitter. It’s Threads, Meta’s Twitter copier. The app rolled out on Wednesday, and within seven hours Mark Zuckerberg said it wiped out 10 million users. Thursday morning it was north of 30 million. (Zuckerberg and Meta are a little more limited than Musk in their ability to lie about the success of their initiatives because Meta is a public company and Musk’s Twitter is not.) (Slate)
• As city centers struggle, businesses are learning to love bike lanes: From Manhattan to San Francisco, the need to rethink the urban core is prompting business districts to change their minds about the priority given to the car. (CityLab)
• fierce rivals. Beloved friends. survivors. After 50 years, Chris Evert and Martina Navratilova understand each other like no other. When the cancer came, they knew where to turn. (Washington Post)
• Spider-Man’s Pavitr Prabhakar, Based On Peter Parker, Drives India Wild: The craziest movie country in the world is thrilled with what is considered India’s first superhero from an American blockbuster. (the wall street journal)
• Shania Twain’s goal is to let her be Shania Twain: Even though her current concert tour isn’t exactly what one might expect, the country-pop legend has defied odds for decades by doing exactly what she wants. (Washington Post)
Be sure to check out our Masters in Business this weekend with Franklin Templeton CEO Jenny Johnson, who manages $1.5 trillion in client assets. She has been with FT since 1988 and has held senior positions in investment management, distribution, technology, operations and high net worth clients. Franklin Templeton oversees more than 9,000 employees and 1,300 investment professionals. Johnson is on the list of the most powerful women (Barron’s, Forbes, American Banker, etc.). She was CEO in February 2020.
Used vehicles (2 to 6 years), Weekly wholesale and retail price indices
Source: black book
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The post office 10 Monday morning readings appeared first on The big picture.
