Video of the week:
Honorable mention:
Kids being asked in 1979, ‘What would you do if you were rich’. The answers are both funny and revealing as to how human desires shift:
Podcast of the week:
Peloton is about to go public and is one of the few public market debuts this year that I am actually bullish on. As such, I highly recommend listening to this ‘How I Built This’ conversation with the founder, John Foley.
Article of the week:
Investing in the Unknown and Unknowable - Richard Zeckhauser
Honorable mention:
What I learned from losing $200 Million - Bob Henderson
Statistic of the week:
Obesity rate among adults (OECD, 2017):
🇺🇸United States: 38.2%
🇲🇽Mexico: 32.4%
🇦🇺Australia: 27.9%
🇬🇧United Kingdom: 26.9%
🇿🇦South Africa: 26.5%
🇨🇦Canada: 25.8%
🇩🇪Germany: 23.6%
🇹🇷Turkey: 22.3%
🇧🇷Brazil: 20.8%
🇫🇷France: 15.3%
🇮🇹Italy: 9.8%
🇨🇳China: 7.0%
🇰🇷South Korea: 5.3%
🇮🇳India: 5.0%
🇯🇵Japan: 3.7%
Quote I’m reflecting on this week:
“All of humanity's problems stem from man's inability to sit quietly in a room alone.” - Blaise Pascal.
Related quote from Ethan Mollick, Professor at Wharton based on this study
“Reflection is critical to learning. But people really don’t like to do it. When asked to sit quietly for 15 minutes with their own thoughts or else self-administer painful electric shocks, 2/3 of men and 1/4 of women shocked themselves in this small study.” -
Book recommendation of the week:
Speed of Dark - Elizabeth Moon
Start-up of the week:
Popshop Live - online shopping via livestreams. Since we live in the era of influencers and micro-influencers, this could be an interesting trend.
Tweet of the week:
Less than 5% of all bonds yield more than 5%. Pension funds need 7% to break even, assuming they are funded (most aren’t). Thus, almost all Pension Funds are fighting an impossible battle to meet future obligations. They Broke The Entire System.
Honorable mention:
‘AI will take all the jobs..’
Image of the week:
And if you’re wondering why investors buy negative yielding debt, here’s a simple explanation.
Question of the week:
“Would you rather be the world’s greatest lover, but have everyone think you’re the world’s worst lover? Or would you rather be the world’s worst lover but have everyone think you’re the world’s greatest lover?” - Warren Buffet, Snowball
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