My morning train WFH wrote:

• A wild, emotional year that changed investment-maybe forever Everyone seems to have become a trader, taking risks in the weird ideas of excitement and infatuation mixed with fear and greed. (Work Week)

• The 15 most influential crypto cities in the world Encryption has gone global. Below are the top 15 cities that have had an impact on the evolving industry, for better or for worse. (Decrypt) But watch Why Bitcoin is worse than Madoff’s Ponzi scheme A Ponzi scheme is a zero-sum enterprise. But Bitcoin is a negative sum phenomenon, and you can’t even file a claim. (Financial Times)

• Come take the train I deliberately allocated half of the plan to cryptocurrencies and will invest more in one of two situations. First, if my account drops by 50% from the beginning, I will buy more. If this does not happen, I will increase my investment in the second half of the year around this time next year. It may not be the perfect solution, but as far as the market is concerned, there is no perfect answer. After all, the market is still human. (Beautiful curve)

• Where are the workers?Millions of people are ill due to chronic CovidBecause of the lingering symptoms of Covid, it is difficult to quantify the number of unemployed. This is not only because the pandemic has caused many economic changes, but also because Covid has remained a medical mystery for a long time. The impact of the pandemic on the labor market may be more complicated than policy makers and investors imagine. In turn, expectations of the company’s ability to meet customer needs and the outlook for inflation may become more confusing. (Barron’s)

• You are vaccinated and strengthened. How should omicron affect your plan? “For many of us — I don’t think we need to cancel the plan,” responded Darlene Bhavnani, an assistant professor in the Department of Population Health at the University of Texas at Austin Dell School of Medicine. “If we use the tools we have, we can do this safely.” They all admit that different people balance the risks and rewards of each activity in different ways. (Washington post)

• Why it’s too early to be excited about Web3 Repeat with me: neither venture capital investment nor easy access to high-risk, highly inflated assets can predict the lasting success and impact of a particular company or technology. Remember the Internet boom and subsequent depression? Charlie Munger, a legendary investor in Berkshire Hathaway, recently pointed out that we are in an “age crazier than the Internet age.” (O’Reilly)

• Four ancient truths to help you live a modern life This is why you should be a stoic, skeptical, cynical and hedonist. (Bloomberg)

• I pointed out that our host was not vaccinated. Airbnb deleted my comment. I wrote a five-star review and I wrote the following line: “When we moved in in October 2021, the landlord told us that they were not vaccinated against COVID-19. “Four hours later, I received a message from Airbnb: My review has been deleted because it “does not have enough relevant information to help the Airbnb community make informed booking decisions.”slate)

• A growing army of hackers helps Kim Jong-un take power North Korea relies on cybercrime to fund its nuclear weapons program and support a weak economy. (Work Week)

• Carrie-Anne Moss plays the 50-something action hero in the “Matrix” movie When she reunited with Keanu Reeves and Lana Wachowski for the new sequel, the actress, synonymous with the Trinity, faced huge expectations. (New York Times)

Be sure to check our Master of Business This week, Max Chafkin is a feature editor and technical reporter for BusinessWeek. His work has also appeared in “Fast Company”, “Vanity Fair” and “New York Times” magazines. His most recent book is “Contrarian investors: Peter Thiel and Silicon Valley’s pursuit of power. “

Residential real estate accounts for nearly half of global net asset value in 2020

source: McKinsey

Sign up for our read-only mailing list here.