What we’re reading (4/24)
“U.S. Manufacturing, New Homes Sales Underscore Booming Economy” (Reuters). “U.S. factory activity powered ahead in early April, though manufacturers increasingly struggled to source raw materials and other inputs as a reopening economy leads to a boom in domestic demand, which could slow momentum in the months ahead.”
“History Offers Only Rough Guide To The Coming Economic Boom” (Wall Street Journal). “The U.S. economy is poised to grow at its fastest pace in decades, carried along by a wave of pent-up demand built during the pandemic and the trillions of dollars of support the government has provided over the past year. But what that boom will look like—how long it will last, what it might do for employment, how much inflation it might generate—isn’t clear.”
“A New Lawsuit Could Weigh In On Who’s The Real Inventor Of Bitcoin—Why Its Creation Is Still Shrouded In Mystery” (CNBC). “A copyright lawsuit brought by Craig Wright — the man who has claimed to be Satoshi Nakamoto, the pseudonym used by the creator of bitcoin — could finally put to bed the years-long mystery over who actually invented the multibillion-dollar cryptocurrency.”
“Imagining Berkshire Hathaway After Buffett: Who Will Be CEO, What Else Will Change — And What Won’t” (MarketWatch). “The passage of time guarantees that Berkshire Hathaway will one day be without the man synonymous with creating one of the world’s most valuable and admired businesses…[t]he most important role to fill will be CEO, one of three jobs now held by Buffett (he is also chairman and chief investment officer). While the actual name remains a secret, the background and skillset of Greg Abel suggests the board will choose him.”
“Billionaire Investor Reveals The Secret To His Success: Shrooms” (Daily Beast). “German investor Christian Angermayer—a 42-year-old billionaire who bears a not-negligible resemblance to Jared Leto in Blade Runner 2049—has made a fortune betting on a host of sci-fi-sounding finance fads. Among them: space travel, crypto, psychedelics, movies, weed, SPACs, and ‘life extension.’ […] in a recent profile, Angermayer cited a single experience as having paved the way for his billions: doing hallucinogenic mushrooms.”
