Weekly Reads
Reads #94

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Jamie Dimon’s annual letter to shareholders

Jamie’s annual letters are always a must read. Beyond outlining the company's strong financial performance and strong risk discipline, Dimon provides a crucial overview of the global challenges and geopolitical tensions shaping the macroeconomic landscape, and the crossroads that America and the world find themselves in.



The Empire of Illusion

Uncover surprising perspectives on China's economic growth and its global impact. This interview challenges common narratives about China's financial rise, raising important questions about economic data and future influence. A must-watch for investors seeking a nuanced understanding of the Chinese market.



The death of the Yale Model?

Richard Ennis, in his recently published paper The Demise of Alternative Investments, argues that alternative investments, particularly illiquid investments, have brought extraordinary costs for ordinary returns. Over the past decade, the $874bn worth of endowments that report to the National Association of College and University Business Officers (NACUBO), have averaged annual gains of 6.8%. A global 70/30 has gained 6.83% in the same time frame.



The middle class, the top 10% and the bottom 50%

Ben Carlson dives into income distribution and the dynamic mobility of wealth in the U.S. Research shows over 50% of Americans will find themselves in the top 10% of earners for at least one year of their lives. More than 11% will find themselves in the top 1% of income earners at some point. And close to 99% of those who make it into the top 1% of earners will find themselves on the outside looking in within a decade.



You’re being lied to about cancer, how it’s caused, and how to stop it

Dr. Patrick Soon-Shiong has over 50 years of experience discussing concerning trends in rising cancer rates, particularly in younger individuals, and the critical role of the immune system in fighting the disease. He expresses serious concerns about how the COVID-19 vaccines are likely causing a rise in aggressive cancers due to the spike protein from both the virus and the vaccine contributing to immunosuppression. He also explores his alternative treatment approaches, and his acquisition of the LA Times to promote uncensored information.