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The Best Articles of the Week – 07/15/16

Food for Thought:

  1. TheAtlantic – How the Dallas Police Department Reformed Itself.  Under Chief David Brown, the force made substantial progress—although tensions persist.
  2. 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.
  3. USAToday – Could you live on just $32,000 per year? Most retirees do
  4. NYP – This school teaches you how to fight back during a mass shooting.  A sad reflection on our times that this article is of interest.
  5. 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.
Business/Economics:

  1. 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.
  2. 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.
  3. RA – Death of the Risk-Free RateThe 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
  4. NYP – How Pokémon Go might become a billion-dollar business
  5. 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.
Culture/Tech/Science:

  1. 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!”
  2. BusinessWeek – The Ugly Battle Over the Wildenstein Art Empire. Once the world’s richest and most influential dealers, the family is trying to fight off a half-billion dollar tax bill.
  3. Slate – Taylor Swift Ghostwriting Hits as “Nils Sjoberg” Is a Genius Jab at Sexist Critics
  4. NewYorker – The Suit that Couldn’t Be Copied.   A profile of the head cutter at Gieves and Hawkes.
  5. NYT – Four Seasons, Lunch Spot for Manhattan’s Prime Movers, Moves On
Interesting Podcasts:

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:

  1. RevisionistHistory – Food FightMalcolm 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.
  2. 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?

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