Weekly Mixtape For October 31st, 2021

Week In Review Articles

The WSJ: Delta Surge of Covid-19 Recedes, Leaving Winter Challenge Ahead

The WSJ: U.S. Economy Slowed in Third Quarter on Delta Surge, Supply Crunch

The WSJ: U.S. Prices, Wages Rise at Fastest Pace in Decades

The WSJ: Mark Zuckerberg’s Meta Pivot Is Personal as Well as Strategic

The WSJ: Mastercard Partners With Bakkt to Bring Cryptocurrency Payments to the Masses

Weekly Mixtape

Morgan House: Internal vs. External Benchmarks “If you measure your career solely relative to them – the external benchmark – you’re on the neverending path of feeling inadequate, incompetent, and poor. Nothing you do will ever feel that great because someone is always smarter than you, more popular than you, better looking than you, getting richer faster than you, and making sure you know about it.”

SurgiFi: I Am  Not Supposed To Be Here “Do not be afraid to leverage your skill/potential to increase your socioeconomic standing and gain financial security. There are a lack of opportunities for success for minorities. WE have to go out and create the success that we need to thrive. Financial independence and generational wealth is hard to build without success. My success was created via the Military.”

Khe Hy: Don’t Die With The Music Still In You Yup, I write tasks down tasks just so I can mark them as complete. Why? An optimist would say that it’s a tactic to build “momentum.” A pessimist: It’s the dopamine. It just feels so dang good.”

Kate Lucky: Letter #42 Against Work-Life Balance “We’re not in control of our lives. At least, not as much as we think. We respond to exigencies and needs and changing desires. We make sacrifices, and mistakes. We may not often feel like we’re at equilibrium, but hey: that’s life. No need to feel guilty about it.”

Packy McCormick: Sc3nius “We’re in the middle of a new Scenius now, one global in scale and broad in scope. I can feel it. To put that feeling to the test, let’s run our current situation through those eleven factors. “

Aswath Damodaran: The Billionaire Tax-The Worst Tax Ever? “The problem with the billionaire taxes is that it will be ineffective at collecting tax revenues, and I am willing to wager that a decade from now, we will find that it collected only a small fraction of its promised revenues. Good intentions about creating a better social safety net cannot excuse the writing of tax laws that are inefficient at collecting revenues, ineffective even in their punitive intent and potentially dangerous for the rest of us, in terms of side costs. “

A Wealth Of Common Sense: Ownership Inequality In The Stock Market If we’re looking for a silver lining here, it’s that there has never been a better time to be a new investor. Fees are lower than ever. Access to investing platforms now sits in the palm of your hand. The barriers to entry are lower than they’ve ever been when it comes to getting more people involved in the markets. Unfortunately, the final frontier is access to capital.’

Callie Cox: When Inflation Sticks Around “This bout of inflation may be temporary, and if that’s the case, it could just be a blip on the radar for the economy and the market. However, inflation can be a self-fulfilling prophecy, and Wall Street is coming around to the idea that this inflation surge may stick.”

Jeff Chapman: Manchester United and Patience In Investing “More than ever, we are bombarded with messages and alerts that encourage us to take action. Traditional media seizes upon any market downturn or negative earnings result. Social media provides a platform for others to advertise their latest “ten bagger” or chastise others with derogatory comments like “have fun staying poor.””

All About Your Benjamins: My Ideal Day

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