10 Weekend Reads – The Massive Image

• That is probably the most consequential know-how 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 gas. (Washington Put up)

• What I Discovered from Daniel Kahneman. What’s the easiest way to get higher funding returns? Must you examine markets extra deeply and analyze each asset extra rigorously? Must you attempt to anticipate different individuals’s errors and exploit their stupidity? I consider that’s crucial, however not adequate. You have to 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 Road Journal)

• What Makes Housing So Costly? housing prices mainly via the lens of single-family properties, we see the prices of constructing them largely map to US housing prices usually. There’s additionally a considerable amount of knowledge obtainable on single-family dwelling building that doesn’t exist (or is way much less accessible) for different forms of housing. And most multi-family residence buildings within the US shall be constructed utilizing the identical fundamental know-how, light-framed wooden, used to construct single-family properties, a lot of what we find out about single-family prices, notably on the development facet, will apply to multi-family residences as nicely. (Building Physics)

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

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

• Behind the Curtain: America’s actuality distortion machine: What if we’ve been deceived into pondering we’re extra divided, extra dysfunctional and extra defeated than we really 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 Warfare and Shook the Gods Perpetually: Thales, a Greek thinker 2,600 years in the past, is widely known for predicting a well-known photo voltaic eclipse and founding what got here to be referred to as science. (New York Instances)

• Is Jackson Holliday one of the best baseball prospect we’ve got ever seen? His stats —at each stage — are, frankly, superb. In his senior 12 months of highschool — in Stillwater, Oklahoma — Holliday had 89 hits in 40 video games. He hit .685. He hit 17 dwelling runs and had 79 RBI. In 40 video games!!! After being the #1 total decide within the 2022 Main League Baseball draft, Holliday performed at a number of ranges of the minors. Right here had 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 12 months in 2023. This 12 months, he hit a house run in his first at-bat for the Orioles AAA affiliate. (The Replay)

• Larry David’s Rule E book for How (Not) to Reside in Society: He’s a wild, monomaniacal jerk. He’s additionally our biggest interpreter of American manners since Emily Put up. (New York Instances)