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.
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Al Capone’s Last Haul: The Gangster’s Family Auctions His Mementos by Richard Morgan (WSJ)
A huge batch of pistols, pocket watches, and other curios like a silver-plated cocktail shaker owned by the gangster are set to hit the auction block. [Link; paywall]
Driver recruitment wars: Cowan to pay $20,000 sign-on bonus by Todd Maiden (Freight Waves)
With huge demand for freight services, drivers are an extremely scare commodity and are driving a bidding war for CDL holders; sign-on bonuses are going as high as $20k. [Link]
Yelp Reviews Fuel Fights Over Covid-19 Vaccine Requirements by Charity L. Scott (WSJ)
Small businesses which opt to require vaccination for clients or customers are being mobbed by hordes of anti-vaccine trolls, which seek to drive down their ratings. [Link; paywall]
Why Is the Supply Chain Still So Snarled? We Explain, With a Hot Tub by Austen Hufford, Kyle Kim and Andrew Levinson (WSJ)
A step-by-step walk-through of the thousands of parts and intricate assembly that goes into a hot tub, all of which has been snarled by delays and shortages across the entire global supply chain. [Link; paywall]
Exclusive-Ford doubles Lightning production target on strong pre-launch demand -sources by Ben Klayman and Joseph White (Street Insider)
Ford’s electric F-150 model is due for launch next year, and the company has seen reservations top more than 120,000. As a result, it’s targeting production of more than 80,000 by 2024 but only 15,000 next year. The contrast between total demand and what the company is planning to build is striking. [Link]
Yale Taps Matthew Mendelsohn to Succeed Endowment Chief David Swensen by Juliet Chung and Dawn Lim (WSJ)
Yale’s massive $31bn endowment will have new leadership to replace legendary investor David Swensen, who passed last May. [Link; paywall]
God, Money, YOLO: How Cathie Wood Found Her Flock by Matt Phillips (NYT)
A profile of the manager who has built a massive active ETF empire out of relentless optimism and business analysis that presses that optimism for all it’s worth. [Link; soft paywall]
Those Anti-Covid Plastic Barriers Probably Don’t Help and May Make Things Worse by Tara Parker-Pope (NYT)
Aerosolized COVID virus is best fought with air flow, not plastic barriers which prevent the turnover of air in a given space by blocking movement. [Link; soft paywall]
Baby on cover of ‘Nevermind’ sues Nirvana alleging child pornography by Nadine El-Bawab (CNBC)
The infant baby who was used in the iconic cover of Nirvana’s album is suing on the grounds that the use of his image constitutes child pornography. [Link]
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Have a great weekend!