Saturdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at America’s decline in religiosity.
Quote of the day
“To paraphrase the book, the job of an executive is: to define and enforce culture and values for their whole organization, and to ratify good decisions. That’s all.” (apenwarr)
Book excerpts
- How Steve Schwarzman met Sam Zell: an excerpt from Steve Schwarzman's new book "What It Takes." (institutionalinvestor.com)
- Steve Schwarzman on the challenges he and Pete Peterson had in raising their first fund: an excerpt from Steve Schwarzman's new book "What It Takes." (institutionalinvestor.com)
Oversight
- The New York Fed operates largely outside of the spotlight. Critics want to change that. (institutionalinvestor.com)
- Fannie, Freddie and the FHA now guarantee way more mortgage debt than they did before the housing crisis. (washingtonpost.com)
Technology
- What Amazon ($AMZN) and Facebook ($FB) learned from the failure of their smartphones. (stratechery.com)
- NIMBY-ism defined: Silicon Valley neighborhoods don't want self-driving cars. (washingtonpost.com)
Food
- How Ireland's Kerrygold butter became a mainstay in US kitchens. (bloomberg.com)
- A big profile of Dave Chang and hit outsized impact on the food world. (washingtonpost.com)
Sports
- There is a big gulf between the fans of Atlanta United and the Atlanta Braves. (si.com)
- The NBA wants a toehold in India. (espn.com)
Mindset
- An honest assessment of what you do after you sell your company for more money than you could ever spend. (marker.medium.com)
- Lessons on interpersonal dynamics learned from a Touchy Feely workshop. (casnocha.com)
Longreads
- The three most important forces changing the world. (collaborativefund.com)
- An investigation into the implosion of the Chicago taxi market. (nytimes.com)
- Who's right on GE ($GE)? Shawn Tully weighs in. (fortune.com)
- Why the communication of health data is so controversial. (annals.org)
- A profile of actor Alan Ruck. (theringer.com)
