My weekend morning train WFH reads:
• Vanguard is planning to play Disruptor again: Low prices have made the group a major passive investment powerhouse. But it's pushed into wealth management and cash accounts, so technology and services need to be improved. (Financial Times))
• American scammers who pioneered offshore finance: The way current gaze investors transformed the Bahamas into a tax shelter and laid the foundation for global plutocracy (Atlantic Ocean))
• How many adult New Yorkers are secretly assisted by their parents? Boomers transfer a down payment of $1 trillion at a time to their children. (New York Magazine))
• How Spain's economy became a European hope: The post-Covid expansion of the tourism industry is the main reason that the eurozone's fourth largest economy easily grew Germany, France, Italy, the UK and others, proclaiming an increase in GDP of 3.2% last year. In contrast, the German economy signed 0.2% in 2024, while France rose 1.1%, Italy rose 0.5%, and the UK rose 0.9%. All this helps explain why the Economist Magazine ranked Spain as the world's most performant economy. (BBC))
• Can short sellers survive Trump 2.0? Market participants predict less fraud enforcement, potential changes to the SEC whistleblower program and avoidance of Trump's friends. (Institutional Investors))
• Make America rich again: Corporate America's “quiet” campaign to change Trump's minds on mass deportation. (Business Insider))
• Who watches what on TV? Who says it? Measuring viewership ratings has become a hot topic in the industry as people are now watching so many different programs at so many different times. (New York Times))
• How did Noether's theorem revolutionize physics?:Emmy Noether showed that basic physical laws are the result of simple symmetry. A century later, her insights continue to shape physics. (Quanta Magazine))
• How Lorne Michaels biographer persuades the “SNL” chief to reveal a rare view of life from the camera: With Michaels making statements about staging, jokes, costumes and making the ultimate decisions about what the sketch puts on the air, the situation often sums up from 90 minutes between the end of the dress rehearsal and the start of the actual broadcast. It will be done. The cast members will be displayed on the screen. He is caring and yet unforgiving. (Variety)) Please refer Unjust man who believes in humor: How Lorne Michaels became an interesting arbiter. (Atlantic Ocean))
• Super Bowl 2025: How the Eagles ruled the Chief, Patrick Mahomes: Complete and complete control. On the biggest stage, the Eagles manipulated them in a comprehensive manner in New Orleans as the Chiefs dominated the headlines in their attempts to win three consecutive titles. The 40-22 final score at Super Bowl LIX was a game-wise decision before Philadelphia's defense that closed Kansas City until several quarter garbage time touchdowns, and was eventually overwhelmed by a short field It seems unfair to both the defenses of Kansas City that fought. And the enormous amount of snaps it had to play. (ESPN))
Be sure to check Master of business Interview this weekend Christine PhilpottsPortfolio Manager Ariel Investment. She manages Ariel's emerging market value strategy. It also covers consumer and real estate stocks in Asia, Latin America, the Middle East and Eastern Europe. Previously, she launched Alliance Bernstein's “Next 50 Emerging Market Funds” and their first frontier market strategy.
Last week, Tesla stock fell ~11%, overwhelmed by shocking bad sales reports from around the world
sauce: Bloomberg
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