10 Weekend Reads – The Massive Image

• This Isn’t Your Father’s Marijuana Use: A brand new examine reveals pot use has exploded—surpassing every day alcohol use in 2022. Efficiency is method up, too. Ideas on the brand new age of weed and what to do. (Washington Month-to-month)

• The Algorithm Behind Jim Simons’s Success: Until you’re a quant, the precious classes are about how Simons did what he did (and why), not what he did particularly. Whereas a guide containing Renaissance’s secretive algorithms can be an immediate bestseller, its worth would vanish nearly instantly as a horde of rivals exploit the identical inefficiencies. (Alchemy of Cash)

• The 84-Yr-Outdated Man Who Saved Nvidia: It’s a $2 trillion firm right now. It wouldn’t exist with out somebody referred to as Irimajiri-san. (Wall Avenue Journal)

• An Open Letter to Vanguard CEO, Salim Ramji: You’ve bought an unimaginable alternative to be much less boring (Echo Seaside)

• How Does the Inventory Market Carry out in an Election Yr? Each 4 years we hear that “this is likely to be an important election of your life.” However with hovering debt, rising geopolitical instability, and continued financial uncertainty, this time they might simply be proper. However, earlier than we take a look at how U.S. shares may carry out after a Biden or Trump victory, let’s take a look at how shares are likely to carry out earlier than and after a U.S. presidential election usually. (Of {Dollars} and Information)

• Slippery Slope: How personal fairness shapes a ski city: The forces which might be remaking the Mountain West—the consolidation of land and wealth within the arms of some, the circulation of world capital, the substitution of company energy for civic authority—are uniquely seen in Massive Sky, the place personal pursuits have an effect on the very construction of the group. Tucker Roundy, who moved to Massive Sky eleven years in the past and commenced stocking cabinets on the Hungry Moose Market and Deli, used a typical phrase when describing the group’s dynamics to me. “With Lone Mountain shopping for the City Middle space, it’ll be attention-grabbing to see what the following 5 to 10 years maintain for Massive Sky,” he stated, “and the way a lot of an organization city it turns into.” (Harper’s)

• Homes Up, Condos Down. What’s Promoting within the Hamptons These Days? Costs, gross sales and accessible properties have all elevated in the course of the yr, largely pushed by high-end properties. However condominium costs are sagging. (New York Occasions)

• Weird Spinosaurus makes historical past as first recognized swimming dinosaur: A newfound fossil tail from this large predator stretches our understanding of how—and the place—dinosaurs lived. (Nationwide Geographic)

• Fasten Your Seatbelts: What You Must Know About Turbulence. Latest incidents with turbulence throughout air journey increase questions on this difficult climate phenomenon. Right here’s what we find out about it and methods to keep secure. (New York Occasions)

• Studio Musicians Are Nonetheless Ready For Credit score In The Streaming Period: The music business has been promising music credit on the streaming providers for greater than a decade. They’re having one other convention about it in Nashville this week, the place some well-meaning folks will as soon as once more focus on the nerdy, vexing problem of “metadata.” To be honest, it’s not a straightforward drawback, and the enterprise can level to some progress. However this report finds that in a world the place public-facing databases can monitor 20 million UPS packages a day, baseball profession statistics from 100 years in the past to final evening, and thousands and thousands of world Bitcoin transactions, musician credit stay incomplete and laborious to entry. (WMOT)