My 4-day week Monday reads:
• The Business of Betting on Catastrophe: World Bank pandemic bonds paid out only after death tolls passed a threshold. They’re part of a booming market where investors turn calamity into capital. (The MIT Press Reader)
• The Stock-Market Rally Is Moving Beyond Big Tech and Investors Are Thrilled. One measure of market breadth recently touched a new high, as financial and industrial names fuel stocks’ climb. (Wall Street Journal) see also Bonds Have Underperformed. Why You Should Own Them Now. Barron’s has long favored dividend-paying stocks for those seeking income. But bonds now deserve a hard look because they are so attractively priced. (Barron’s)
• Why gold prices are forecast to rise to new record highs: “We have seen this before in 2008, 2020, and even in August 2024. Times like these are good buying opportunities, because gold typically rebounds shortly afterwards as investors seek safe assets. The same thing played out in April.” (Goldman Sachs)
• Lucky Breaks: Skilled management can take the limited resources and luck they’ve been given and multiply it. Mediocre management can’t. (Micro Cap Club)
• A Recipe for Doubling Your Stock Returns, Again and Again: Time is the secret ingredient of investing, a market veteran says. Over many decades, diversified stock index funds have produced extraordinary results. (New York Times)
• The Global A.I. Divide: Where A.I. Data Centers Are Located Only 32 nations, mostly in the Northern Hemisphere, have A.I.-specialized data centers. (New York Times)
• The Future of Abundance and the Left: Left-wing commentators say abundance is their opposition. Left-wing politicians say it’s a credit to the Democratic Party. What if they’re both right? (Derek Thompson)
• How the Universe Differs From Its Mirror Image: From living matter to molecules to elementary particles, the world is made of “chiral” objects that differ from their reflected forms. (Quanta Magazine) see also The Largest Camera Ever Built Releases Its First Images of the Cosmos: The Vera C. Rubin Observatory is poised to discover billions of new astronomical objects, revolutionizing understanding of everything from the history of the solar system to the workings of dark energy. (Wired)
• How one program is changing surf culture in San Francisco: City kids in SF spend their Fridays learning to surf through this cool project. (The San Francisco Standard)
• The essential listening guide to Bruce Springsteen’s ‘Tracks II: The Lost Albums’ It’s a great day when your favorite artist releases a new record. But what if they released seven new records at once, recorded across almost three decades, full of music you didn’t even know existed? (NPR)
Be sure to check out our Masters in Business this week Velina Peneva, where she manages more than $100 billion of Swiss Re‘s internal cpaital as the firm’s Chief Investment Officer: Previously, she was Private Equity practice leader in Zurich for Bain & Company.
What does it cost the IRS to collect taxes?
Source: USA Facts
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