Welcome to Bespoke Brunch Reads — a linkfest of the favorite things we read over the past week. The links are mostly market related, but there are some other interesting subjects covered as well. We hope you enjoy the food for thought as a supplement to the research we provide you during the week.
Texas Is About to Create OPEC’s Worst Nightmare by Javier Blas (Bloomberg)
US production continues to surge and a large number of pipelines are opening takeaway capacity in the millions of barrels between West Texas and the Gulf Coast. [Link; soft paywall]
Wiped-Out Hedge Fund Manager Confessed His Losses on YouTube by Marvin G Perez, Isis Almeida, and Naureen S Malik (Bloomberg)
Clients of Optionsellers.com faced losses in excess of the amount they invested with the fund after large naked sales of option tied to natural gas were obliterated (and then some) after a historic rally in the futures market earlier this month. [Link; soft paywall, auto-playing video]
What was the most 😱 family gossip/secret you ever found out during the holidays? by @GeeDee215 (Twitter)
An epic thread of the most incredible and cringe-inducing family stories you’ve ever heard, some of them downright terrifying. [Link]
Somali Workers in Minnesota Force Amazon to Negotiate by Karen Weise (NYT)
Amazon heavily recruited in the Minnesota Somali immigrant community, but when the company ratcheted up pressure on workers the group started to organize and have successfully forced concessions from the company, a first in the US. [Link; soft paywall]
“I Hereby Confess Judgment” by Zachary R. Mider and Zeke Faux (Bloomberg)
The horrifying story of a New York company that exists solely to generate massive judgements against small businesses that in some cases are making timely payments. [Link; soft paywall]
Bitcoin-Rigging Criminal Probe Focused on Tie to Tether by Matt Robinson and Tom Schoenberg (Bloomberg)
“When the tide goes out, you discover who’s been swimming naked” appears to be an apt description of how things are going for the crypto space as prices plunge. [Link; soft paywall]
Kelly Criterion by Russell O’Connor (R6)
A helpful post describing the Kelly Criterion, a useful strategy for appropriately sizing investments given an expected payoff rate. [Link]
California fire: What started as a tiny brush fire became the state’s deadliest wildfire. Here’s how by Paige St. John, Anna M. Phillips, Joseph Serna, Sonali Kohli, and Laura Newberry (LAT)
A shocking tick-tock recounting the stories of Camp Fire victims as the flames surged down out of the mountains to engulf multiple small towns in California. [Link]
Why 536 was ‘the worst year to be alive’ by Anne Gibbons (Science)
In the mid-6th century, climate shifted and a volcanic eruption blotted out the sun, ruining crops just as a massive plague swept out of the Mongolian planes to crush the European population. [Link]
Read Bespoke’s most actionable market research by starting a two-week free trial today! Get started here.
Have a Happy Thanksgiving!