10 Weekend Reads – The Big Picture – Barry Ritholtz

• Chain of Misery: The Business of Civil Aircraft Manufacturing: Manufacturing commercial aircraft (large jetliners purchased by commercial airlines) is in some ways similar to other manufacturing industries. A company develops a product and attempts to sell it at a price sufficient to cover the costs of its development and production. If we are successful and profitable, we will continue to develop new products. Otherwise, we will go out of business. What makes the aircraft industry unique is the scale at which these things take place. (construction physics)

• A Quant’s Winter Tale: Traversing the Multi-Element Quantum Universe with AQR. Clifford Asness’s office is an odd combination of a financial veteran and a teenage bedroom. Books about Churchill sit alongside his DC Comics encyclopedia, a sea of ​​family photos are dotted with islands of vintage Marvel memorabilia, and a jar of Pepcid and a jumbo bottle of Sriracha sit next to his computer. It is placed. (financial times)

• The US economy is doing well. So why do tech companies lay off employees? Google, Amazon, Microsoft and dozens of other companies laid off thousands of employees in January, continuing a wave of layoffs that began in 2022. (washington post)

• Facebook at 20: 4 ways apps changed the world: The world’s most popular social network has been redesigned dozens of times. But its purpose remains to connect people online. And they make a huge amount of money through advertising. As the platform celebrates his 20th anniversary, here are his four ways Facebook changed the world. (BBC)

• Why New York City apartments are currently on sale for 50% off: Tighter rent controls spread around the world, destroying $75 billion in property value. Cash-strapped tenants are cheering to maintain a foothold in the city. (bloomberg)

• The precipice of fear: A freerider who pushes his skis to the limit: Jeremy Heitz has taken freeriding to new extremes of breathtaking beauty. But as the risks grow, so do the questions. (guardian)

• Everyone hates cocomelon: An infectious disease that strangles infants? Or is it just an exaggerated pandemonium over extremely excruciating content?off topic)

• Increased connection between microbes, mood, and mental health: New research suggests you need to balance your gut microbiome to maintain a healthy brain. The best way to do that right now is to eat better foods rather than pills or supplements. (know)

• No, aliens have never visited Earth: Why do so many smart people claim otherwise? (new york magazine)

• The 49ers take on modern football.That’s why they’re in the Super Bowl. Thanks to a strategic twist that changed the NFL, the San Francisco 49ers made it to the Super Bowl. (wall street journal)