10 Weekend Reads – The Massive Image

• This Isn’t Your Father’s Marijuana Use: A brand new research reveals pot use has exploded—surpassing day by day alcohol use in 2022. Efficiency is means up, too. Ideas on the brand new age of weed and what to do. (Washington Month-to-month)

• The Algorithm Behind Jim Simons’s Success: Except you’re a quant, the dear classes are about how Simons did what he did (and why), not what he did particularly. Whereas a ebook containing Renaissance’s secretive algorithms could be an on the spot bestseller, its worth would vanish virtually instantly as a horde of opponents exploit the identical inefficiencies. (Alchemy of Cash)

• The 84-12 months-Outdated Man Who Saved Nvidia: It’s a $2 trillion firm in the present day. It wouldn’t exist with out somebody referred to as Irimajiri-san. (Wall Road Journal)

• An Open Letter to Vanguard CEO, Salim Ramji: You’ve acquired an unbelievable alternative to be much less boring (Echo Seaside)

• How Does the Inventory Market Carry out in an Election 12 months? Each 4 years we hear that “this is perhaps an important election of your life.” However with hovering debt, rising geopolitical instability, and continued financial uncertainty, this time they might simply be proper. However, earlier than we take a look at how U.S. shares would possibly carry out after a Biden or Trump victory, let’s take a look at how shares are inclined to carry out earlier than and after a U.S. presidential election generally. (Of {Dollars} and Knowledge)

• Slippery Slope: How non-public fairness shapes a ski city: The forces which can be remaking the Mountain West—the consolidation of land and wealth within the palms of some, the circulation of worldwide capital, the substitution of company energy for civic authority—are uniquely seen in Massive Sky, the place non-public pursuits have an effect on the very construction of the neighborhood. Tucker Roundy, who moved to Massive Sky eleven years in the past and commenced stocking cabinets on the Hungry Moose Market and Deli, used a typical phrase when describing the neighborhood’s dynamics to me. “With Lone Mountain shopping for the City Heart space, it’ll be attention-grabbing to see what the subsequent 5 to 10 years maintain for Massive Sky,” he mentioned, “and the way a lot of an organization city it turns into.” (Harper’s)

• Homes Up, Condos Down. What’s Promoting within the Hamptons These Days? Costs, gross sales and obtainable houses have all elevated throughout the yr, largely pushed by high-end properties. However rental costs are sagging. (New York Instances)

• Weird Spinosaurus makes historical past as first identified swimming dinosaur: A newfound fossil tail from this big predator stretches our understanding of how—and the place—dinosaurs lived. (Nationwide Geographic)

• Fasten Your Seatbelts: What You Must Know About Turbulence. Current incidents with turbulence throughout air journey elevate questions on this difficult climate phenomenon. Right here’s what we find out about it and find out how to keep secure. (New York Instances)

• Studio Musicians Are Nonetheless Ready For Credit score In The Streaming Period: The music business has been promising music credit on the streaming providers for greater than a decade. They’re having one other convention about it in Nashville this week, the place some well-meaning individuals will as soon as once more focus on the nerdy, vexing problem of “metadata.” To be honest, it’s not a simple drawback, and the enterprise can level to some progress. However this report finds that in a world the place public-facing databases can monitor 20 million UPS packages a day, baseball profession statistics from 100 years in the past to final evening, and tens of millions of worldwide Bitcoin transactions, musician credit stay incomplete and exhausting to entry. (WMOT)