My two Tuesday morning trains (yes, trains!) read:

• Omicron needs 3 evolutionary surprises to cause havoc The basic principles of biology indicate that the worst is possible, but unlikely. This fact should help distinguish caution from panic. (Bloomberg) But watch U.S. Covid-19 deaths in 2021 exceed 2020 Despite the spread of Delta variants, the pandemic continues to cause huge losses (Wall Street Journal)

• With the bankers’ in-depth research, Wall Street reluctantly allows remote work Finance employees who could not imagine working from home before the pandemic are now reluctant to return to the office. Their boss didn’t know how to bring them back. (New York Times)

• Workers have resigned to become bosses Seeking flexibility or getting rid of corporate bureaucracy, employees find their inner entrepreneur (Wall Street Journal) You can also take a look Who quit and why? It is not a “great resignation”-it is looking backwards. A better description of what is happening now: “Upset. “(Big picture)

• The shocking truth about today’s price-to-earnings ratio: The price-earnings ratio is not in line with the argument that the stock market is overvalued. (Fisher Investment)

• Is cryptocurrency nonsense? I regret to inform you that it is completely legal, and encryption/blockchain networks can really be technologically, economically, and politically transformative. what. (Model citizen) You can also take a look WisdomTree CEO: I fully support Defi We started as a financial media company, and when I saw how transformative they are to the investment process, I transformed into an ETF. I believe that DeFi will meaningfully change the economy of financial services. (wisdom Tree)

• The holiday shopping season is here, but is it back? The number of shoppers returning to the store is much higher than last year, but the atmosphere is not as carefree as before the 2019 pandemic. (New York Times)

• Correctly responding to inflation is a moment of success or failure for Wall Street For a generation of investment professionals, stable prices are a fact of life. What do you do when the old assumptions no longer make sense? (Work Week) You can also take a look Inflation is not a tide that can lift all ships equally The prices of goods and services generally do not increase at the same time or at a rate, even during periods of rapid growth. (Bloomberg)

• In the Charlottesville trial, jurors learned to decipher the secret slang of white supremacists In the past four weeks, the plaintiff’s lawyers tried to prove their point by carefully decomposing the jokes and slogans liked by far-right extremists, so as to teach jurors how to interpret the secret vocabulary of hatred by white supremacists. (Washington post)

• Priceless Roman mosaics have served as coffee tables in New York apartments for 50 years During World War II, the long-lost mosaic commissioned by Emperor Caligula disappeared from the Italian museum (guardian)

• Reese Witherspoon is not afraid to say she is the best: With her recent nine-figure funding changes and a full set of upcoming projects, this morning show star is like LeBron James in Hollywood-she will be the first to tell you. (very cool)

Be sure to check our Master of Business Meet with Steven Fradkin, president of Northern Trust Wealth Management, a division of the insurance giant, this weekend. The group manages $355 billion in assets and serves one-fifth of the wealthiest households in the United States. Fradkin served as Chief Financial Officer and Head of NT International Business.

Half of this year’s large IPOs are trading at a price lower than the listing price

source: Financial Times

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