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.

Real Estate

Hamptons property sales slow as caution spreads to the wealthy by Ben Foldy (CNBC/FT)

Given state and local tax deduction changes and extremely high valuations for high-end real estate, the Tristate Area’s highest price getaway is under pressure. [Link]

The End of the Global Housing Boom (Bloomberg)

Megacity housing around the world is taking a pause after years of torrid price gains that have pushed valuations and debt levels to extremes. [Link; soft paywall]

Social Media Madness

4,925 Tweets: Elon Musk’s Twitter Habit, Dissected (WSJ)

A quantitative review of the Twitter feed of the most controversial CEO in the country. [Link; paywall]

For Tesla’s Elon Musk, Twitter Is Sword Against Short Sellers by Susan Pulliam and Samarth Bansal (WSJ)

A qualitative review of the Twitter feed of the most controversial CEO in the country. [Link; paywall]

Inside the Always Nasty, Frequently Sexist, and Often Litigious World of Financial Twitter by Michelle Celarier (Institutional Investor)

A skeptical look at the world of Finance Twitter, the rough-and-tumble online world that is replacing trading floors. [Link]

Removing Bad Actors on Facebook (Facebook)

Part of Facebook’s evolving approach to self-regulation, the social network is bringing down the hammer on accounts that are misrepresenting themselves. [Link]

Drinking

America’s Long Love Affair With Beer Is on the Rocks by Saabira Chaudhuri and Annie Gasparro (WSJ)

Last year was the first time that volumes in the alcohol market saw beer become less popular than the duo of wine and cocktails. [Link; paywall]

Driving

DUI arrests in South Florida plummet. Uber, Lyft, millennials among the reasons why by Charles Rabin (Miami Herald)

Thanks to a combination of factors, including most importantly ride sharing, DUI arrests are plunging in South Florida. [Link]

This is the deadliest day of the year for car wrecks in America (LATimes/Bloomberg)

August 2nd is the most deadly day of the calendar for car accidents, even though it isn’t a major holiday or a period of the year with bad weather. [Link]

Investing

Fidelity to launch zero-cost index funds (Reuters)

It was inevitable, we suppose, but officially hit the wires this week: it’s now possible to own an equity index fund that does not have fees of any kind. [Link]

Podcasts

Forget Photo Shoots. Why GQ and Gucci are Betting on Culty Podcasts by Jacob Gallagher (WSJ)

As podcast volumes soar and the medium becomes further-engrained in the daily routines of millions of Americans, advertisers are developing new strategies to capitalize on the audio format. [Link; paywall]

American Environments

A Toxic Tide Is Killing Florida Wildlife by Tryggvi Adalbjornsson and Melissa Gomez (NYT)

Algae blooms in both the oceans and freshwater lakes of Florida are wreaking havoc on sea life and tourist industry on Florida beaches alike. [Link; soft paywall]

Here’s How America Uses Its Land by Dave Merrill and Lauren Leatherby (Bloomberg)

A comprehensive graphical review of how the US uses its land. Some surprises: nearly as much maple syrup producing land as golf courses, similar land use for railroads and airports, and the massive slug of lands dedicated to cows. [Link; soft paywall]

Inequality

Income and Wealth Inequality in America, 1949-2016 by Moritz Kuhn, Moritz Schularick, and Ulrike I. Steins (Minneapolis Fed)

New data using the Survey of Consumer Finances dating back to 1949 reveals striking new data on the shockingly lopsided distribution of wealth in the United States. [Link]

Youth

LeBron James opened a public school in Akron for at-risk kids by James Dator (SBNation)

The truly incredible school Lebron James is funding in his home town, part of his commitment to philanthropy that has spanned a career. [Link]

Summer Camp for the Ultra-Wealthy Teaches Kids How to Stay Rich by Suzanne Woolley (Bloomberg)

A series of events styled as a summer camp is being run by the likes of UBS, Citi, and Credit Suisse in an effort to attract and keep the business of a generation of heirs. [Link; soft paywall]

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Have a great Sunday!

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