What I have been reading - 5th February 2021
Here’s what caught my eye this week:
The GameStop story you think you know is wrong: A great piece by Derek Thompson at The Atlantic that explains why it wasn't quite the 'righteous revolution' the media portrayed . "Waging war against Big Finance by becoming a day trader is like waging war against the casino industry by becoming a gambling addict."
Inside the Reddit army that's crushing Wall Street: "I went from a rational investor to some sick irrational desperate gambler." This is the piece that you need to read if you really want to understand the underlying dynamics.
Why it's usually crazier than you expect: Morgan Housel explains feedback loops with his normal adroitness.
What will happen in 2021? Here's what people in 1921 predicted: Interesting short article that goes back to 1921 and looks at what people thought the world might be like 100 years later.
The future of the Coronavirus? An annoying childhood infection: Once immunity is widespread in adults, the virus rampaging across the world will come to resemble the common cold, scientists predict.
The crazy things we do with money - explained: "No one is crazy - we all make decisions based on our unique experiences that seem to make sense to us in a given moment."
FINALLY:
Opinion: What is Death? How the pandemic is changing our understanding of mortality: This article is very profound. "Even if we can't change what we're looking at, we can change how we look at it." "Death is the force that shows you what you love and urges you to revel in that love while the clock ticks."
ENJOY!
Georgie
georgie@libertywealth.ky