10 Weekend Reads – The Large Image

• That is probably the most consequential expertise in America: (Spoiler alert: It’s YouTube.) It’s the preferred social app and music service, the healthiest financial system on the web and AI coaching gasoline. (Washington Publish)

• What I Realized from Daniel Kahneman. What’s the easiest way to get higher funding returns? Do you have to research markets extra deeply and analyze each asset extra fastidiously? Do you have to attempt to anticipate different individuals’s errors and exploit their stupidity? I consider that’s mandatory, however not adequate. You should additionally attempt to predict, reduce and study out of your errors. Blindness to our personal blunders is the most important single impediment to investing success. (Wall Avenue Journal)

• What Makes Housing So Costly? Taking a look at housing prices mainly by means of the lens of single-family houses, we see the prices of constructing them largely map to US housing prices usually. There’s additionally a considerable amount of information accessible on single-family house development that doesn’t exist (or is far much less accessible) for different forms of housing. And most multi-family residence buildings within the US can be constructed utilizing the identical primary expertise, light-framed wooden, used to construct single-family houses, a lot of what we study single-family prices, notably on the development facet, will apply to multi-family flats as effectively. (Building Physics)

• How a Pioneering Blackjack Grasp Beats the Odds of Growing old: Legendary gambler and hedge fund supervisor Edward Thorp, 91, shares what he’s realized about train, weight loss program and managing threat in all areas of life. (Businessweek)

• The Podcast Host Who Additionally Manages a $1.6 Trillion Funding Fund: High CEOs discuss to Norway’s sovereign-wealth fund supervisor. This week’s visitor was Elon Musk on the way forward for AI. (Wall Avenue Journal)

• Behind the Curtain: America’s actuality distortion machine: What if we’ve been deceived into considering we’re extra divided, extra dysfunctional and extra defeated than we truly are? (Axios)

• Darkish Matter: For twenty years, PostSecret has broadcast suburban America’s hidden truths—and revealed the boundaries of limitless disclosure. (Hazlitt)

• The Eclipse That Ended a Struggle and Shook the Gods Without end: Thales, a Greek thinker 2,600 years in the past, is well known for predicting a well-known photo voltaic eclipse and founding what got here to be often known as science. (New York Occasions)

• Is Jackson Holliday one of the best baseball prospect we have now ever seen? His stats —at each stage — are, frankly, superb. In his senior yr of highschool — in Stillwater, Oklahoma — Holliday had 89 hits in 40 video games. He hit .685. He hit 17 house runs and had 79 RBI. In 40 video games!!! After being the #1 general decide within the 2022 Main League Baseball draft, Holliday performed at a number of ranges of the minors. Right here have been his mixed stats: 477 AB , 154 Hits, 113 Runs, 12 HRs, 51 XBH, 75 RBIs, 101 Walks, .323 AVG, .442 OBP, .499 SLG, .941 OPS. He was voted minor league participant of the yr in 2023. This yr, he hit a house run in his first at-bat for the Orioles AAA affiliate. (The Replay)

• Larry David’s Rule Ebook for How (Not) to Dwell in Society: He’s a wild, monomaniacal jerk. He’s additionally our best interpreter of American manners since Emily Publish. (New York Occasions)