I go to work in the morning train WFH wrote:

• no longer in russia: Since Russia invaded Ukraine, more than 400 companies have withdrawn from Russia at least temporarily. Some have been around since the fall of communism — a symbol of the enduring power of Western culture and commerce. (New York Times)

• Biotech blues: As newly public companies find trouble, their stocks plummet Biotech has long been a boom-and-bust stock industry, and has recently been in bust mode. The SPDR S&P Biotech exchange-traded fund is down 18% this year, three times the decline of the S&P 500. It’s another down year for the biotech ETF, which is down 20% in 2021. (That is)

• Bitcoin’s synchronized march with stocks raises tough questions about its usefulness: Cryptocurrency is not the “digital gold” it is touted. Should institutional investors even bother with this? (corporate investor)

• Investors are inherently irrational.They can be trained to be more rational“Sometimes the best way to get us to act in our long-term best interest is to keep our short-term interests out of the way,” says behavioral economist Dan Ariely, who shared with Barron’s Talks about investing in turbulent times, retirement spending and saving, and our irrational impulses. (Barron)

• Car dealers charge buyers more because that’s capitalism, baby Car dealers are charging far more than the sticker price — and consumers are paying for it. (sound)

• Nobody’s first smartphone was aimed at Apple, not OnePlus Its CEO and former OnePlus co-founder Carl Pei announced in a livestream today that it won’t launch its first smartphone this summer. It will be called the Phone 1, run Android, and be powered by a Qualcomm Snapdragon processor. Yes, it was the phone that allowed Pei to get a photo of Qualcomm CEO Cristiano Amon — even though it was wrapped in a privacy-preserving case. (edge)

• The fun of protecting the immunocompromised keeps missing: Keeping people with weakened immune systems safe really helps us all. (slate)

• The poorest super emitters need a different path to net zero India’s achievement of carbon neutrality by 2070 will likely rely on home-grown measures that have improved energy efficiency and lowered the cost of living for millions (city ??lab)

• How American Culture Eats the World A new book explains why Americans know so little about other countries. (new republic)

• ‘Covid ruined storytelling!’: Judd Apatow and David Duchovny on lockdown comedy ‘Bubble’ The first mainstream movie to tackle the pandemic appears to be targeting the vanity of its actors. Directors, stars and actors explain why they might actually be heroes. (protector)

Be sure to check out our Master of Business interview This weekend, Samara Cohen, chief investment officer of ETF and index investing at BlackRock. BlackRock manages more than $10 trillion in assets, $6 trillion of which is managed by Cohen’s index/ETF group.

How long can the commodities rally last?

resource: Isabelle Nett

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