Saturdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look why rudeness is on the rise.
Quote of the Day
"Every stock market, in hindsight, is seen as having been “expensive” or in a “bubble” when the network of confidence that holds it together breaks down, i.e., when people panic and sell out of it, driving it sharply lower. And every stock market, in hindsight, is seen as “fairly valued” when it suffers no panic and slowly appreciates as it’s supposed to do."
(Jesse Livermore)
Economics
- Jobs retraining is great in theory, hard in practice. (nytimes.com)
- Trying to find proof of concept for a universal basic income in Kenya. (nytimes.com)
- Say whatever you will about grubby old cash, it is resilient. (aeon.co)
Farming
- A crisis in America's farm fields. (modernfarmer.com)
- Why many farmers dread the idea of retirment. (nytimes.com)
Trucks
- Why cities and states should optimize for maintenance over new infrastructure. (strongtowns.org)
- Why its a good thing truck driving jobs may be automated away. (theatlantic.com)
Longform
- Why is so much of medicine not evidence-based? (theatlantic.com)
- Ezra Klein talks with Yuval Noah Harari author of "Homo Deus" and "Sapiens." (vox.com)
- Not everyone is creative. Forcing them to be leads to misery. (ftalphaville.ft.com)
- Why so many men play video games so much. (vulture.com)
- The bluefin tuna went from trash fish to endangered in the span of a half century. (theringer.com)
- The Story of Heady Topper, America’s most loved craft beer. (longreads.com)
- Who is regulating ziplines? (outsideonline.com)
- Why Uber is doomed. (jalopnik.com)
