The weekend is a great time to catch up on some of the reading you skipped during the week. We hope you enjoy this set of long-form links.
Investing
Stocks are riskier than you think. (WSJ)
On the unintended consequences of increasing index fund popularity. (The Psy-Fi Blog)
Most people are afraid to go “all in” in life. (I Heart Wall Street)
Economics
Roger Lowenstein’s profile of the underrated Ben Bernanke. (The Atlantic)
Jevon’s Paradox: on the inherent tension in free market economics. (The Psy-Fi Blog)
Understanding the new price of oil: spare capacity is almost gone. (Gregor Macdonald)
The US manufacturing revival is coming in right to work states. (WSJ)
Satyajit Das, “China’s economic structure is deeply flawed and fragile. The Chinese growth story may be ending. As an old Chinese proverb, probably apocryphal, holds: “There is no feast that does not come to an end.” (naked capitalism, part 2, part 3)
Gambling
How Foxwoods casino went wrong. (NYTimes)
How one gambler won $15 million playing blackjack in the Atlantic City casinos. (The Atlantic contra Kid Dynamite)
The unraveling of the casino marriage of Steve Wynn and Kazuo Okada. (WSJ)
Technology
An interview with lead Apple designer Sir Jonathan Ive. (Evening Standard)
The man who dreamed of the tablet computer well before the iPad. (WashingtonPost)
An interview with Drew Houston, founder of Dropbox. (Technology Review)
Politics
The power of the Presidency is persuasion, and that is often not enough. (New Yorker)
Can Rahm Emanuel reform the most corrupt big city in America? (The Atlantic)
Book excerpts
An excerpt from Vijay V. Vaitheeswaran’s Need, Speed and Greed: How the New Rules of Innovation Can Transform Businesses, Propel Nations to Greatness and Tame the World’s Most Wicked Problems. (Freakonomics)
Mixed media
Whit Stillman is back with another WASP-centric film. (NYTimes)
Five lessons learned working for Courtney Love. (Dynamic Hedge)
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