Influential Reads – September 2020

Reading Time: 2 minutes

As an antidote to current events, I was forced to go on a Carl Hiaasen binge.  

Updated stats through September:

Here are my most influential reads – in no particular order:

  1. Pandemic trends – “Really, if we are going to get through this without psychological damage, we need to maintain some semblance of social contact. In other words, would it kill you to say, “It’s a beautiful day, eh? Have a good one.”
  2. It’s Time to Narrow the Income Gap. Future Prosperity Depends On It. – “The answer is debt. The only way that workers can sustain consumption growth when their incomes are stagnant is by borrowing, either directly or through the government’s budget deficit—which is exactly what the data show.”
  3. Credit Is Tightening. Why That Matters for the Economic Recovery – “But away from the capital markets, there are signs of tightening credit, according to a report from Macro Intelligence2 Partners. Banks have been imposing more stringent standards for borrowers, especially for consumers, a change borne out by the Fed’s Senior Loan Officer survey.” – How does this end you ask?  The answer lies somewhere with credit.
  4. Small-Business Failures Loom as Federal Aid Dries Up – ““Why didn’t we use the time that P.P.P. bought us to design the kind of program that would be commensurate with the national challenge that we’re facing?” Mr. Lettieri, of the Economic Innovation Group, asked. “That’s all P.P.P. was. It was a mechanism to buy time. It was never the long-term solution.”
  5. The Next Frontier – “We argue that before World War II dramatic reductions in transport costs expanded the supply of land and suppressed land prices.”
  6. What comes after Zoom? – “I think this is where we’ll go with video – there will continue to be hard engineering, but video itself will be a commodity and the question will be how you wrap it.”
  7. This Meditation Exercise Builds Mental Muscle and Cures Procrastination () – “The reason this meditation exercise will work for many of you is because it trains a really specific mental skill, the Awareness-Focus Loop.”
  8. Foreign Stocks’ Lost Decade – “As it turns out (and as should be no surprise) differences in earnings growth explain most of this gap.” – Wait, earnings matter?  Tell that to  Oh wait…checks notes…uh oh, I think I’ve been doing this wrong.
  9. Simple trick can deliver outperformance in emerging markets ETFs – “Active emerging market equity managers are potentially able to systematically beat the flagship indices by using one simple trick — avoiding state-owned enterprises.”
  10. A Lesson From TR & Taft on Pursuing a Life You Like – “Throw off your Taftian insecurities and fully own and embrace what you personally enjoy.”

Note: This is based on when I read the article, not necessarily when it was first published.  Unfortunately, my backlog of things I would like to read always seems to dwarf the amount of time I can devote to reading.