What we’re reading (8/6)
“From Class Rooms To Class Zooms: Teaching During Covid Times!” (Musings on Markets). A new post from the “Dean of Wall Street,” NYU finance prof. Aswath Damodaran, that includes links to much (all?) of his teaching materials/class videos. Also, some good commentary on what covid is doing to universities: “In 2020, COVID may have accomplished what hundreds of years of competitors and critics have not, and exposed the underbelly of the university model.”
“More Farmers Declare Bankruptcy Despite Record Levels Of Aid” (Wall Street Journal). ~580 farmers filed for chapter 12 bankruptcy protection year ended June 30, 8 percent than a year earlier.
“The Stock Market Will Be Flying High In A Year — For 2 Simple Reasons” (MarketWatch). A bullish perspective on U.S. equities based on (1) a plausible path to a covid vaccine and (2) unprecedented government stimulus transmitting through markets.
“The Robinhood Craze Is Now Moving Stocks Everywhere” (Bloomberg). “Retail’s [i.e., retail investors’] tentacles are everywhere. In the U.K, tax-free savings account openings at Interactive Investor jumped 238% for investors between 25 and 34 years of age in April and May…Small-time investors in Moscow bought almost twice as many Russian shares in June than in April. In Malaysia, individual buyers are at least partially behind giant rallies in medical glove makers -- one gained more than 1,500% this year. In Japan, tiny investors boosted an obscure biotech venture with seven straight years of losses by almost 11-fold on optimism for an unproven coronavirus treatment.”
“We Read Hundreds Of Pages Of Emails That Congress Collected From The Biggest Tech Companies In the World — Here Are The Most Revealing Things We Found” (CNBC). Congress released “a curated selection” of the ~1.3 million documents produced for discovery in its investigation into competition among the tech giants that culminated in last week’s hearing.
