Happy Friday! 

Best wishes for your weekend!

David

Featured Articles: 

• TheAtlantic – Why a Dog’s Death Hits So Hard I loved my mom more than my dog. So why did I cry for him but not for her?
• TheFreePress – Kids Are Giving Up on Elite Colleges—and Heading South  ‘Even if I could’ve gotten into Harvard, I wouldn’t have gone.’
• NewYorker – How Chinese Students Experience America – Credit ML- Covid, guns, anti-Asian violence, and diplomatic relations have complicated the ambitions of the some three hundred thousand college students who come to the U.S. each year.
• TheAtlantic – How to Be Less Busy and More Happy  If you feel too rushed even to read this, then your life could use a change.
• WSJ – Crotonville and the Death of Fun at Work  Young employees can’t imagine caring about a company and vice versa.

Business / Markets:

• WSJ – The Folly of China’s Real-Estate Boom Was Easy to See, but No One Wanted to Stop It  Developers, home buyers and Western bankers all ignored warning signs; ‘financial anomalies’ and ‘shenanigans’
• RA – Alternative to a Manic AI Market: RAFI vs Equal-Weight
• WSJ – Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit.  Detroit’s business-district transformation offers lessons to other cities struggling to revive their empty downtowns
• InvestLiketheBest – Michael Mauboussin, Bill Gurley – Putting Theory into Practice  Bill Gurley is a General Partner at Benchmark and Michael Mauboussin is the Head of Consilient Research for Counterpoint Global. We cover their thoughts on the development of AI, what the VC industry should be doing differently, and what it’s like to work with a genius.
• CapitalAllocators – Top Down Allocation At Baylor  David Morehead is the CIO at Baylor University, where he oversees the $2.2 billion endowment. David came to Baylor thirteen years ago after an eighteen-year investment career that spanned every aspect of public markets investing.

Others…

• NYT – Every new generation of eyes sees a new version of our galaxy, the Milky Way.
• Wired – They Experimented on Themselves in Secret. What They Discovered Helped Win a War – Credit ML – This is a crazy story – “The untold, top-secret story of the British researchers who found the key to keeping humans alive underwater—and helped make D-Day a success.”
• NYT – That Giant College ‘Sticker’ Price Isn’t What Most Students Pay  The share of those paying the full advertised cost has declined over the last couple of decades, a new report found. Yet many don’t understand how much they’ll really pay.