The Digest #225
A Dangerous Interregnum, Trump's Energy Policy, Damodaran on ESG, Buffett in 1970, Inflation's Role in Trump's Victory, Taxes in Retirement, James J. Hill, IKEA, F. A. Hayek, Shakespeare, and more ...
Quote of the Week
“For the most part, false and harmful opinions are distributed and supported by influence. We are too likely to accept the views and thoughts of other people without trying to investigate them deeper and further ourselves. Unimportant people are those who accept other people’s thoughts without developing them themselves.”
— Leo Tolstoy, A Calendar of Wisdom
Articles
A Dangerous Interregnum, November 18, 2024. President Biden's decision to allow Ukraine to fire American missiles deep into Russian territory risks plunging the world into crisis in the finals months of his administration. We need to consider shortening the period between the election and inauguration. (The Rational Walk)
, November 18, 2024. Doomberg endorses President-elect Trump’s nomination for Secretary of Energy: “Should he win approval in the Senate, Wright has the opportunity to be a historic and transformational figure. His talent, knowledge, leadership attributes, and track record of success make him more than qualified for the job. Count us among those excited at the prospect.” (Doomberg)The Siren Song of Sustainability: The Theocratic Trifecta's Third Leg by
, November 14, 2024. This article is a critical examination of “ESG” by a longtime skeptic of the movement. (Musings on Markets), November 16, 2024. Reflections on Warren Buffett’s activities during 1970 at the start of a decade of great economic turbulence for the United States. (Becoming Berkshire)How Inflation Ended Neoliberalism—and Re-Elected Trump by Jennifer Burns, November 15, 2024. Many wealthy people do not understand how inflation hammers people on the lower rungs of the socio-economic ladder. Alternate Link. (WSJ)
A Taxing Retirement by Jonathan Clements, November 16, 2024. This is a useful article covering many of the pitfalls and opportunities in retirement. (Humble Dollar)
, November 16, 2024. “What I find in conversations is that people usually have at least a few titles like this. Rereading books is one of life’s joys, and for many of us it’s a necessary part of our literary experience, even our growth as human beings.” (Miller’s Book Review)A Sex Strike isn't Going to Work by
, November 17, 2024. “Why is the legacy media so hyped about promoting a fringe movement from a country [South Korea] with cratering birthrates? Because many of the people who staff these organizations are sad and want to spread their misery.” (Rob Henderson’s Newsletter)Walking Japan (again): From Fukuoka to Nagasaki by
, November 15, 2024. “I don’t think it is a stretch to say the Japanese approach being a citizen as a craft to master, with their elders as the guild leaders, which makes sense because I believe the most salient cultural feature of Japan is a dedication to craftsmanship that extends to almost every part of life.” (Chris Arnade Walks the World)Podcasts and Videos
James J. Hill: The Empire Builder, November 18, 2024. 59 minutes. David Senra examines the life and career of James J. Hill, a railroad pioneer. (Founders Podcast)
IKEA, November 18, 2024. 3 hours, 22 minutes. “IKEA may be the most singular company we’ve ever studied on Acquired. They’re a globally scaled, $50B annual revenue company with no direct competitors — yet have only ~5% market share.” (Acquired)
Hayek’s The Road to Serfdom, November 14, 2024. 53 minutes. Friedrich Hayek's The Road to Serfdom warned that the central planning required in a wartime economy would not work in peacetime and could lead to tyranny. (In Our Time)
How Shakespeare Bought His Way into the Upper Class, November 16, 2024.
interviews Stephen Greenblatt about social mobility during Shakespeare's time and how he acted to realized his ambitions. (YouTube)
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