ET – When Narratives Go Bad. In 2008, the $10 trillion asset class of residential mortgage backed securities (RMBS) was entirely based on the Common Knowledge that it was impossible to have a nationwide decline in U.S. home prices. In 2016, the $10 trillion asset class of negative rate sovereign bonds is entirely based on the Common Knowledge that there is no limit to the greater foolishness of Central Banks.
Some of the best new content is on podcasts – just find the Podcast app preloaded on your iPhone to enjoy. Here are a few to get you started:
Revisionist History – Carlos Doesn’t Remember. Carlos is a brilliant student from South Los Angeles. He attends an exclusive private school on a academic scholarship. He is the kind of person the American meritocracy is supposed to reward. But in the hidden details of his life lies a cautionary tale about how hard it is to rise from the bottom to the top—and why the American school system, despite its best efforts, continues to leave an extraordinary amount of talent on the table.
A16Z – Fintech Revolution or Evolution. How far along are we towards the vision of a “cashless, cardless, walletless, frictionless future” for fintech? We’re not quite there yet, argued BuzzFeed News technology reporter Charlie Warzel in a recent story — for which he got a microchip implanted in his finger while trying to go cashless for an entire month.
ATK – The New Science of BBQ. An interview with Meathead Goldwyn. Meathead is the editor of AmazingRibs.com. He calls himself a Barbecue Whisperer, a Hedonism Evangelist, and a Culinary Mythbuster. We chat about his new book, Meathead: The Science of Great Barbecue and Grilling, and learn all the secrets to becoming a grill master.