Weekly reading – 24th July 2021

What I wrote last week

My review of From Junk To Gold

Business

An excerpt from an upcoming book on what went wrong with WeWork. This should be talked about in business schools as one of the examples of why egos and delusional ambition can lead to disasters. These guys are richer than many many people on Earth and have more money than most folks can earn in a lifetime. Nonetheless, it’s staggering to see their silly actions.

The Verge has an interesting interview with Mark Zuckerberg. The interview touches upon a lot of things but there are two that I want to quickly highlight here. Mark talks about how people shouldn’t expect that there is no transgression on his company’s platforms. That is always bound to happen. Instead, what people should expect is that Facebook is there to police the platform when it happens and puts in place integrity systems to deter bad demeanor. Secondly, I think the idea of interoperability is great, but not 100% perfect. That’s just how it is in life. There are always advantages and disadvantages to everything. Apple’s business model doesn’t involve interoperability that these guys advocate for, but in terms of net benefits to the society, has Apple been a positive force? I’d say so.

If you are not familiar with BNPL market, here is a good BNPL industry report

FICO Score’s Hold on the Credit Market Is Slipping. Not great news for the parent company of FICO score.

Grab taps Adyen to extend BNPL offering across Southeast Asia

What I found interesting

Master’s Degrees Are the Second Biggest Scam in Higher Education. My experience is that Master’s Degrees often still hold values because hiring companies value them. There are some exceptional programs that are worth the investment, but many aren’t. It’s crazy to think that so many people got into a huge debt to get something that is far less valuable

Giant tsunami from dino-killing asteroid impact revealed in fossilized ‘megaripples’. I can’t even bring myself to imagine what a 1-mile high tsunami looks like. It’s simply impossibly terrifying.

Lost world revealed by human, Neanderthal relics washed up on North Sea beaches

Stats that may interest you

20% of Americans think the U.S government uses Covid-vaccines to plant a microchip in their bodies. Use this info however you want

Lifetime emissions for an EV in Europe are between 66 and 69 percent lower compared to that of a gas-guzzling vehicle, the analysis found. In the US, an EV produces between 60 to 68 percent fewer emissions. In China, which uses more coal, an EV results in between 37 to 45 percent fewer emissions. In India, it’s between 19 to 34 percent lower.

Source: The Verge

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