Saturdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at the prospects for psychedelics to take the path marijuana did toward legalization.
Quote of the Day
"The market is endlessly interesting to me, in the illustrations it gives of indeterminacy and uncertainty, of the limitations of predictions based on past regularities, of the strange layers of abstraction our species has added to its transformation of the natural environment. The market has this peculiar quality of being both an obvious illusion and the most real thing there is."
(Justin E. H. Smith)
Book excerpts
- An excerpt from Jonah Berger's "The Catalyst: How to Change Anyone’s Mind." (wsj.com)
- An excerpt from Matthew Cobb's "The Idea of the Brain: The Past and Future of Neuroscience." (theguardian.com)
Work
- The cost of thriving is different than the cost of living. (manhattan-institute.org)
- The story of Gravity, the company that put every employee on a minimum $70k salary, is a happy one. (bbc.com)
- Robots aren't replacing us, but they are making us worker harder than ever. (theverge.com)
Business
- Corporate sabotage seems like something out of a movie, but at Softbank's Vision Fund it was real. (wsj.com)
- Opportunity Zones are rife with opportunities to reduce capital gains taxes. Just don't expect a lot of urban renewal. (ft.com)
- How America's universities became wholly-owned subsidiaries of corporate America. (newrepublic.com)
Longreads
- Is the end of Moore's Law near? (technologyreview.com)
- We will likely never know what happened with the boat fire off Santa Cruz Island last year. (outsideonline.com)
- The story of the "chief content adviser" to the Dr. Phil show is just weird as you would expect. (hollywoodreporter.com)
- How to tell useful self-help advice from the less helpful. (tjcx.me)
- The meaning of Starbucks ($SBUX) has changed over time. (vox.com)
- How human feet evolved. (nature.com)
