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Sea Change
Boardrooms are used to responding to microeconomic threats—new competitors, shocks in supply and demand, more complex markets. But today’s biggest threat is of a different order. It’s glaring down from the macroeconomic heights: prosperity itself has reached sharply diminishing returns.
Umair Haque • The New Capitalist Manifesto: Building a Disruptively Better Business
Could Index Funds Be ‘Worse Than Marxism’?
theatlantic.com
As I’ve written before, the world I remember of 50, 60 and 70 years ago was a pretty static place. Things didn’t seem to change very much or very fast. The homes, cars, reading matter, business technology and general environment of 1970 weren’t very different from those of 1950. We were entertained by broadcast TV and radio, drove gasoline-powered ... See more
Howard Marks • Howard Marks Memo - The Winds of Change
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