Circle of Competence Issue #75

QUOTE OF THE WEEK

"One of history's few iron laws is that luxuries tend to become necessities..." - Yuval Noah Harari

FOOD FOR THOUGHT

I've been thinking a lot about 'flywheels' and 'exponential growth' lately and how they are related to one another, so I decided to put pen to paper on a few exponential growth stories that we take for granted (innovation, economic growth, and humanity's exploding population). Open to feedback and thoughts!

Check it out here: Exponential Processes

WRITTEN WORD

TOP READ: How Elon Musk gambled Tesla to save SolarCity (Vanity Fair)

Shareholder vs. stakeholder capitalism: promises and difficulties (Aswath Damodaran, NYU)

Four portfolios that are nearly recession proof (Portfolio Charts)

Peloton's IPO filing (S-1 filing)

Many people saw the crash of this billion dollar ed tech company coming (Forbes)

Urban Land Institute's 2019 report on emerging trends in real estate (Urban Land Institute)

China's Hong Kong dilemma (New Yorker)

The strange, unduly neglected prophet: a profile on Silvio Gessell and his theory of money and negative interest rates (NPR.org)

What lies after capitalism (Plough)

A summary of Yuval Noah Harari's Sapiens (Neil Kakkar)

SPOKEN WORD

TOP LISTEN: Eric Ries on the Long Term Stock Exchange and changing corporate governance (Capital Allocators)

A deep dive on Rene Girard and Mimetic Theory with David Gornoski (Village Global)