BusinessWeek – Sanders’ Influence Fades Ahead of Clinton Endorsement – Good political strategy would have Sanders taking his momentum and leveraging it to greater influence in a potential Clinton White House. Instead, he seems to be committing politcal malpractice and skewing back towards irrelevance on the Hill.
SM – Dear White Parents Of My Black Child’s Friends: I Need Your Help. I’ve been wrestling with talking to you about some things I think you need to know. I’ve wrestled with it because I feel my own sense of shame—shame that I didn’t know or understand these issues before they touched my family. I’ve felt fear that you’ll respond in subtle ways that make it clear you aren’t safe for my child.
NYTimes – Lifting the Second-Generation Curse. Looming over family businesses is the statistic that only 30 percent make it through the second generation. That data is from 1987, but experts say it still holds true today. It is known as the second-generation curse.
ReformedBroker – Caesar’s Wife Must Be Above Suspicion– Credit SF – With 1 trade, Valeant, Ruane Cunniff and the Sequoia Fund decimated one of the best long-term track records in investing.
RA – Death of the Risk-Free Rate. The risk-free rate is central to both finance theory and investment practice. Today, however, we are confronted with growing evidence that the real world is so far away from offering a meaningfully positive risk-free rate that much of this finance theory is of doubtful merit
Forbes – How To Find Your Portfolio Cost. Retirement savers: If you don’t have a fairly precise idea of your number, you’d better work on getting it. I’m not talking about the number of dollars you’re planning to pile up by age 66. I’m talking about the dollars you spend every year on money management.
CN – Aziz Ansari Ignores His Email “Like, here’s a test, OK. Take, like, your nightly or morning browse of the Internet, right? Your Facebook feed, Instagram feed, Twitter, whatever. OK if someone every morning was like, I’m gonna print this and give you a bound copy of all this stuff you read so you don’t have to use the Internet. You can just get a bound copy of it. Would you read that book? No!”
Podcasts are like your own custom NPR, without the monotone announcer. Just open the podcast app on your iPhone. Some suggestions of where to start:
RevisionistHistory – Food Fight – Malcolm Gladwell continues his look at low-income academic achievement this week in an unusual place – the cafeteria. Bowdoin College in Maine and Vassar College in upstate New York are roughly the same size. They compete for the same students. Both have long traditions of academic excellence. But one of those schools is trying hard to close the gap between rich and poor in American society—and paying a high price for its effort. The other is making that problem worse—and reaping rewards as a result.
Freakonomics Radio – Confessions of a Pothole Politician. Eric Garcetti, the mayor of Los Angeles, has big ambitions but knows he must first master the small stuff. He’s also a polymath who relies heavily on data and new technologies. Could this be what modern politics is supposed to look like?