Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at how Canada is coming to terms with widespread wildfires.
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Quote of the Day
"Nearly all modern citizens are walking around in a state of bandwidth depletion, and the downstream effects of this cannot be underestimated."
(Brett & Kate McKay)
Books
- An excerpt from "The Fund: Ray Dalio, Bridgewater Associates and the Unraveling of a Wall Street Legend" by Rob Copeland. (nytimes.com)
- An excerpt from "The Dissident: Alexey Navalny, Profile of a Political Prisoner" by David M. Herszenhorn. (politico.com)
Private equity
- The private equity industry controls a growing portion of the American economy. (theatlantic.com)
- Higher interest rates are sand in the gears of the private equity industry. (on.ft.com)
- An excerpt from "The Big Fail: What the Pandemic Revealed About Who America Protects and Who It Leaves Behind" by Bethany McLean and Joe Nocera. (theatlantic.com)
Global
- Slowing economic growth in China is putting pressure on a wide swath of society. (on.ft.com)
- Casey Michel, "Russia’s colonization of Alaska — and the rampant violence, spiraling massacres and decimation of local Alaska Native populations that came along with it — is hardly well-known among the broader American body politic." (politico.com)
Media
- We are clearly on the backside of the 'prestige television' era. (newyorker.com)
- Disney's ($DIS) Marvel is in a creative crisis. (variety.com)
Technology
- Apple ($AAPL) has big ambitions in health technology that have yet to be realized. (investmentnews.com)
- Top-down restrictions on AI research are likely to backfire. (stratechery.com)
Health
- Get screened for colon cancer, whatever the method. (asteriskmag.com)
- Why it takes a while for SSRIs to work. (wired.com)
Matthew Perry
- Matthew Perry was open about his addiction struggles. (rollingstone.com)
- How people with addiction issues related to Perry's own struggles. (independent.co.uk)
Longreads
- Lessons learned from Bloomberg's business model. (mastersinvest.com)
- Why the racial wealth gap in the U.S persists. (ofdollarsanddata.com)
- Fort Meyers Beach was largely destroyed by Hurricane Ian. Homebuilders are transforming the island. (bloomberg.com)
- What ever happened to the epidemic of 'carpal tunnel syndrome'? (msn.com)
