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.

Social Media

The Curious Case of Bryan Colangelo and the Secret Twitter Account by Ben Detrick (The Ringer)

The President of the Philadelphia 76ers operated a series of pseudonymous Twitter accounts that criticized players, debated coaching staff decisions, leaked information about a forthcoming trade, and disclosed medical information. A very, very strange tale to say the least. [Link]

What It’s Like When Elon Musk’s Twitter Mob Comes After You by Erin Biba (The Daily Beast)

While being supportive of Tesla and its controversial CEO is one thing, Twitter users often carry things to an absurd degree when journalists speak any ill of Elon Musk. [Link]

Facebook sinking fast among US teens: survey (Phys.org/AFP)

New research from Pew shows that only slightly more than half of 13-17 year olds compared with over 70% back in 2014-2015. 85% use YouTube, 72% use Instagram, and 69% use Snapchat. [Link]

Jack Dorsey had a $700 million month by Ari Levy (CNBC)

While investors are still somewhat dubious about his ability to serve as CEO of two different companies at the same time, it has been a very good month for Jack Dorsey, CEO of surging Twitter and Square. [Link]

Labor Markets

Vermont will pay you $10,000 to move there and work remotely by Corinne Purtill (Quartz)

While Vermont has gorgeous scenery and offers a potentially bucolic lifestyle, it’s got a shrinking tax base and is hoping to attract high income remote professional workers with a significant tax credit. [Link]

Walmart Says It Will Pay for Its Workers to Earn College Degrees by Michael Corkery (NYT)

This week the nation’s largest retailer announced a plan to subsidize college classes for full- and part-time workers, offering courses in supply chain management or business for $1 per day. [Link; soft paywall]

Asian Affairs

That Calm Chinese Stock Market? It’s Engineered by the State by Shen Hong and Stella Yifan Xie (WSJ)

An excellent rundown of the various measures taken by the Chinese government to suppress volatility and share price declines. [Link; paywall]

18 Hours and 45 Minutes: Longest Commercial Flight Returns to Service by Zach Wichter (NYT)

The world’s longest commercial flight is coming back, with a direct flight from Newark, NJ to Singapore. This flight will be 67 lie-flat business seats and another 94 premium economy spots. [Link; soft paywall]

High Society

Maybe She Had So Much Money She Just Lost Track of It by Jessica Pressler (The Cut)

A remarkable story about a huckster that managed to insert herself into elite circles that float between LA, NYC, London, and the Continent; her run was fueled by confidence tricks, bank fraud, and an aggressive tipping policy. [Link]


How Kinder Morgan won a billion-dollar bailout on Canada pipeline by David Ljunggren, Liz Hampton, Gary McWilliams (Reuters)

Following a massive policy debate about how to permit a pipeline between Alberta and British Columbia, the Canadian government has bailed the project out with a massive purchase. [Link]


Wealth, Slave Ownership, and Fighting for the Confederacy: An Empirical Study of the American Civil War by Andrew B. Hall, Connor Huff, and Shiro Kuriwaki (American Political Science Review Working Papers)

A quantitative effort designed to show causal links between slave ownership and propensity to fight on behalf of the Confederacy, suggesting that protection of the institution of slavery was the overriding concern when deciding whether to fight. [Link; 58 page PDF]


I’m Ray Dalio. Ask me anything! Answering questions from 11:30 AM – 1:00 PM EDT. (Reddit)

An online question and answer section with the man that runs the biggest (and one of the best performing) hedge funds in the world. [Link]

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Have a great Sunday!

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