New this week
Visual Capitalist
How Do Americans Spend Their Money, By Generation?
Visual Capitalist
9 min read · · In 2021, the average American spent just over $60,000 a year. But where does all their money go? Unsurprisingly, spending habits vary wildly depending on age. This graphic by Preethi Lodha us · Shared by 127, including Catherine Rampell, Marsha Collier, Dave Kellogg, Jeremiah Owyang | jowyang.eth, jowyang.sol, Dr. Marcell Vollmer 🇺🇦 #StaySafe & Carpe Diem, Scott Galloway
Vox
Billionaires get too much credit for philanthropy
Vox
~11 min read · · The ultrawealthy are donating more than ever. That doesn’t mean the rest of us are giving less. · Shared by 34, including Jean-Patrick, Philanthropy News Digest
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collabfund.com
Save Like A Pessimist, Invest Like An Optimist
collabfund.com
5 min read · · In 1984 Jane Pauley interviewed 28-year-old Bill Gates. “Some people call you a genius,” Pauley said. “I know that might embarrass you but …” Gates deadpans. No emotion. No response. “OK, I guess that… · Shared by 291, including Arturo Rebolledo
Brain Pickings
How Money Was Born: The Small Seashell and the Fierce Maldivian Queen That Made the Modern World
Brain Pickings
6 min read · · How humanity turned another species into its first specie. · Shared by 251, including Charles Duhigg
Vox
Effective altruism’s most controversial idea
Vox
20+ min read · · Longtermism is influencing billionaires and politicians. Should it guide the future of humanity? · Shared by 133, including Philanthropy News Digest, William MacAskill
UnHerd
Effective altruism is the new woke
UnHerd
6 min read · · It is impossible to hack the ethical world · Shared by 131, including Liam Bright, Chris Bertram, Kathleen Stock, David Frum
Visual Capitalist
How Do Americans Spend Their Money, By Generation?
Visual Capitalist
9 min read · · In 2021, the average American spent just over $60,000 a year. But where does all their money go? Unsurprisingly, spending habits vary wildly depending on age. This graphic by Preethi Lodha us · Shared by 127, including Catherine Rampell, Marsha Collier, Dave Kellogg, Jeremiah Owyang | jowyang.eth, jowyang.sol, Dr. Marcell Vollmer 🇺🇦 #StaySafe & Carpe Diem, Scott Galloway
Vox
The “fairness” debate over student loan forgiveness, explained
Vox
9 min read · · Why economists are fighting over whether canceling debt is a good idea. · Shared by 83
Financial Times
What we keep getting wrong about inflation
Financial Times
· Inflation needs a monetary response, whereas the energy crunch should be met with support for struggling households · Shared by 78, including Tim Harford, Francesco Saraceno
FORTUNE
We’re entering the next stage of the housing market downturn—3 things to expect heading forward
FORTUNE
4 min read · · The housing market downturn will spread beyond housing. · Shared by 75
The Economist
Why investors are reaching for the astrology of finance
The Economist
3 min read · · That technical analysis is in vogue indicates a certain uneasiness · Shared by 72, including Barry Ritholtz, Ben Lorica 罗瑞卡
gmo.com
Entering the Superbubble’s Final Act
gmo.com
10 min read · · So far this summer’s bear market rally perfectly fits the pattern of the three superbubble precedents. · Shared by 71, including Paul Kedrosky, Michael (मुकेश) 🇺🇦💪🏻
All-time favorites
Harvard Business School
When Negotiating a Price, Never Bid with a Round Number
Harvard Business School
5 min read · · Investors who offer “precise” bids for company shares yield better outcomes than those who offer round-number bids, according to research by Petri Hukkanen and Matti Keloharju. · Shared by 1632, including Mario Clemente, Moses, Leo Polovets
Collab Fund
Endless Uncertainty
Collab Fund
3 min read · · The night before the D-Day invasion, a nervous Franklin Roosevelt asked his wife Eleanor how she felt about not knowing what would happen next. “To be nearly sixty years old and still rebel at… · Shared by 1011, including Eghosa Omoigui, Morgan Housel, Lord of the idiots, Pascal Sulser
Noah Smith 🐇🇺🇦
Where does the wealth go when asset prices go down?
Noah Smith 🐇🇺🇦
7 min read · · It vanishes into nothingness. · Shared by 901, including Jeff Richards, Logical Analysis, Marvin “Polymath but really Just Generalist” Liao, Christo Meid, Steve "ardalis" Smith
The Atlantic
NFTs Are an Art Project Gone Awry
The Atlantic
8 min read · · When we invented non-fungible tokens, we were trying to protect artists. But tech-world opportunism has struck again. · Shared by 805, including Dan Gillmor, Anil, Mike Monteiro🌹, Jer Thorp, James Gingerich, @Expeflow #WorkEasier #RPA, William Gibson, Rand Fishkin, Tom Muller, Eithiriel DeMeré 🏴🏳️🌈, Mathew Ingram, Tony Parisi.eth🇺🇦#SpecialMaster of the Metaverse, Cem Sertoglu 🤖, Scott Monty, Mark Kaigwa, LARRY ELKAN, Rhizome, Kyle McDonald, Evan Kirstel the $B2B Techfluencer, Brian Rinaldi, Hiroko Tabuchi
Collab Fund
Wealth vs. Getting Wealthier
Collab Fund
2 min read · · Will Smith writes in his biography that: Becoming famous is amazing. Being famous is a mixed bag. Losing fame is miserable. The amount of fame almost doesn’t matter. It’s the trajectory that people… · Shared by 760, including Morgan Housel
Farnam Street
Understanding your Circle of Competence: How Warren Buffett Avoids Problems
Farnam Street
3 min read · · Understanding your circle of competence allows you avoid problems. As we can learn from Warren Buffett, avoiding problems is easier than solving them. · Shared by 737, including George Waititu
Visual Capitalist
Visualizing the $94 Trillion World Economy in One Chart
Visual Capitalist
~14 min read · · View the expanded version of this infographic. Just four countries—the U.S., China, Japa · Shared by 666, including Damien de France 🌍 🕊️🇺🇦, timoreilly, LARRY ELKAN, 🟣 Antonio Vieira Santos #FutureOfWork #InnoTrans2, Dr. James Canton, Bob Gourley, Chris Gledhill | gledhill.eth, Helen Yu, Antony Peyton, Liam Bright, Elinor Stutz, Brian Laung Aoaeh, CFA, Yves Mulkers, Andreas Staub, David Wessel, BrendanEich, Michael (मुकेश) 🇺🇦💪🏻, Terence Mills, Olúfẹ́mi O. Táíwò, Noah Smith 🐇🇺🇦
Collab Fund
Once In A Lifetime
Collab Fund
3 min read · · I want to try to explain part of why the world seems so crazy these days. Evelyn Marie Adams won $3.9 million in the New Jersey lottery in 1986. Four months later she won again, collecting another… · Shared by 634, including Dom Zuend, Morgan Housel, Nico Müller 🇺🇦
Collab Fund
The Psychology of Money
Collab Fund
20+ min read · · Let me tell you the story of two investors, neither of whom knew each other, but whose paths crossed in an interesting way. Grace Groner was orphaned at age 12. She never married. She never had kids.… · Shared by 608, including Stammy, Thomas Power, Michael R. Nall, Dominik Grolimund, Nir Eyal, Will Hoag 🏔‼️, Jose Paul Martin, Tomas Pueyo, Liliane Ferrari ™, Sachin Rekhi, Ricky Yean, Mathias Böhm, Liv 😷, Auf der Isar gibt es keine Matrosen, nur Flößer., Jonathan Kogan, Tom Howard ✈️ Cosmoverse, Simon Carless, Gabriele, Nando 💪🇦🇺🇦🇷, tjalve
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