Finding Value in Writing

7   Over the years, I have discussed my publishing about investing and related topics. (See this, this, this, or this). Many of us began doing this before monetizing content was a thing. Spend time reading any of the RWM Mafia and you a pattern as to why we put words to page emerges. We… Read More The post Finding Value in Writing appeared first on The Big Picture. 7   Over the years, I have discussed my publishing about investing and related topics. (See this, this, this, or this). Many of us began doing this before monetizing content was a thing. Spend time reading any of the RWM Mafia and you a pattern as to why we put words to page emerges. We write to: Figure out what we think Explore a topic or idea Memorialize an investment position (or potential trade) Share expertise Educate readers Publicize a concept Express outrage Signal interest in a topic Influence decision-makers Debate / argue around an issue Defend an idea or position Educate ourselves about a thing Resolve a noisy internal dialogue I am going to share a few examples, and I want you to look for the consistent thread that runs through all of them: They each add value, search for truth, expound on deeply held beliefs, are sincere, and reflect curiosity about the world. If only everything we read had those 5 attributes. Michael Batnick is Head of Research at RWM, a founding principal, and a crucial component of our investment committee (he does the heavy-lifting, I get all of the credit). This post is a perfect example of teaching readers even as he admits what he doesn’t understand: I Don’t F*ckn Get It All of this stuff is incredibly confounding. On the one hand, you have normal people speculating on Doge, which is cute and mostly harmless. I mean, it says right there on the website that “Dogecoin is an open-source peer-to-peer digital currency, favored by Shiba Inus worldwide” Silly, sure, but hard to get too worked up over this. And then on the other side are wealthy people who buy pet rocks as status symbols. I understand this drawing your ire, but I hope now, or at least after reading Packy’s piece, that you understand people’s motivations. And then, in the middle, you have brilliant investors like Chris Dixon who swear that this is web 3.0. Blair duQuesnay is a triple threat: She is a CFA who sits on our investment committee, advisor/CFP, and also manages RWM’s UHNW practice. A recent discussion reveals her curiosity and insight: Pluto is a Planet I find myself rebelling against this change like a cranky old man. Back in my day, Pluto was a planet! I refuse to call it a silly dwarf planet. Bah humbug! I’ll probably get angry again when my kids start learning the solar system in school. I notice this tendency among professional investors. The sands of time shift the way the world of money works, if only ever so slightly. What worked in investing 40 years ago, may not work today. We cling to the groundbreaking academic papers of yonder days – mean-variance optimization, the small-cap premium, the value premium, and book value. We read the masters – Ben Graham, Modigliani, Miller, Fama, French, and Merton – and we deem their work Gospel. Has anyone pursued the financial well-being of teachers more than Tony Isola? That is what he and Dina Isola do for RWM. This is first-rate: How To Escape Your Financial Cocoon Self-deception is a raging epidemic. A myriad of factors influences our point of view. Genes, family life, friends, experiences, and other items determine perceptions. Why do we believe our experiences are reality? James Low reinforces this concept. These stories have a tilt or bias. This generates a selectivity in our attention which blocks many of the other possibilities we might entertain. Delusion becomes fact. The worst part- We aren’t aware. Neither is anyone else. Nobody wants to rock the U.S.S. Delusion. Everyone’s wearing tinted sunglasses. Viewing reality in different shades turns fantasies into reality. Nick Maggiulli is our resident quant/data wonk/COO. This post is classic “Nickie Numbers” – take generally accepted wisdom, crunch the numbers, prove it is bullshit: Why Buying the Dip is a Terrible Investment Strategy But today, I’m going to change all that. Because today I’m going to give Buy the Dip the proper burial that it deserves and demonstrate without a reasonable doubt why it is a terrible investment strategy. Ben Carlson may be the best financial writer today who regularly uses data to demonstrate points on investing strategies. He works with our institutional clients. I could show you countless examples but let me simply go his most recent: The Worst Stock and Bond Returns Ever The U.S. stock market is up 13.5% per year since 2009. Valuations have been well above historical averages this entire time and moving ever higher. Interest rates are about as low as they’ve ever been. Add all this up and it’s hard to argue with the idea that investors should lower their return expectations going forward. The problem with this equation is you could have said this very same thing in 2012, 2013, 2014, 2015 and so on yet it hasn’t happened. The low return environment that seemed like a sure thing has been nothing but high returns. There are few people in the world who can identify connections between disparate ideas like my partner and co-founder Josh Brown does. His ability to see what everyone else misses is unprecedented. And his writing is so sincerely beautiful. Like this piece: I Collect Cashflows I collect shares of businesses. Been doing it since my late teens. Not always successfully. I use a certain type of non fungible token called a stock certificate for this. I never lay hands on the certificate, it’s in digital form, living somewhere in the multiverse. A company called DTC makes sure the shares I’ve bought are the shares I get. And then I hold them. Sometimes I will trade them for digital dollars that I also don’t ever see or touch, but then soon after I am trading those dollars for another pile of virtual stock certificates. People will say “You’re crazy, why would you want to buy a fraction of a company you will never touch and hold in your hands?” And I’m like “You just don’t understand.” When ideas come together in a way that is informative, entertaining, and educational it is a thing of joy. Beautiful.   The post Finding Value in Writing appeared first on The Big Picture......»»

Category: blogSource: TheBigPictureOct 13th, 2021

5 ways to silence your inner critic at work

A business coach who specializes in helping sensitive high achievers shares her tips to avoid spiraling thoughts about work performance. Taking work too personally can manifest in a preoccupation with small mistakes, judging yourself harshly, or over analyzing your weaknesses.iStock / Getty Images Plus Ambitious people often reflect critically on their work performance to push themselves to be better. Too much pressure, however, can be counter-productive and lead to anxiety and spiraling thoughts. Business coach Melody Wilding shares five ways to stop hyper-fixating on your performance at work.  Do you find it incredibly difficult to stop beating yourself up at work?I have a client named Keisha, who works at a biomedical company as a research analyst. She showed up for one of our coaching sessions in a state of distress."I can't stop thinking about something that happened at work this morning," Keisha told me.She'd spent hours getting ready for an important staff meeting with attendees scattered across four continents. Keisha studied the agenda, prepared talking points, and arrived early, ready to participate.But the meeting didn't go according to plan. Keisha had trouble being heard over more assertive co-workers. When her time came to speak, she felt so anxious that she tripped over her words.Keisha was obsessed over what happened during the meeting. She kept replaying the incident in her mind and being hard on herself. Why didn't she speak earlier, and why couldn't she assert herself more effectively? Why did she ramble on and over-explain when she meant to "stick to the script" with her talking points?Keisha is a perfect example of a sensitive striver, my term for high achievers who think and feel everything more deeply. She's ambitious and holds herself to high standards.But Keisha's unrealistic expectations of herself can send her into a tailspin of overthinking. She takes work personally.If this pattern sounds familiar, you might also have the bad habit of beating yourself up. This can manifest in a variety of ways, including worry, judging yourself harshly, preoccupation with small mistakes, over analyzing your weaknesses and blaming yourself.Maybe you've assumed your self-criticism is productive because it keeps you on your toes. Keisha and other sensitive strivers try to use it as motivation, in the hope of being so tough on themselves that they perform well.However, research has proven that self-criticism, in excess, is counterproductive. It leads to increased procrastination along with lower self-control and motivation. In reality, self-criticism puts your brain into an inhibited state, which stops you from achieving your goals.Being hard on yourself is a difficult habit to break. It takes practice and persistent attention to stop the cycle of self-criticism. Below are the techniques I shared with Keisha. They can also help you view yourself in a more balanced, emotionally objective way.1. Give your inner critic a namePersonification can create mental distance from self-criticism, so give your inner critic a name. Select one you think is funny, or choose a silly character from a book or a TV show. I call mine "Goofus," but you might enjoy calling yours "killjoy" or "the goblin."A client of mine named his Lord Voldemort, after the villain in the Harry Potter stories. My client kept a little statue of Lord Voldemort on his desk as a reminder to temper his self-critical tendencies.By naming the critic within, you're using cognitive defusion — a way of separating your thoughts from yourself. Defusion has been proven to decrease plausibility, discomfort, and the stress that comes from negative thinking. It also fosters psychological flexibility, which is the ability to manage your feelings, calm your mind, and stay open, adaptive, and alert to demands.2. Steer clear of generalization When I asked Keisha to go into more detail about the meeting, it became apparent that her anxiety was not noticeable to anyone other than Keisha herself.The chief operations officer messaged her after the call to say that her remarks showed more insight than anyone else's. Keisha was shocked to hear this since it was so far removed from her own perceptions.This was a good example of something called the spotlight effect, which is a tendency to magnify and misjudge the amount of attention your behavior attracts from other people.The spotlight effect can be counteracted by viewing your performance as a whole rather than focusing on one negative episode. It's just like being graded on a bell curve – most times, you'll probably earn an average grade or higher. Once in a while, you'll get a grade that's below average, which is normal.Keep the big picture in mind. Keisha came to realize that while her performance in the meeting was not a personal best, she was inhibiting herself from moving forward by turning her memory of this meeting into a generalization of her overall abilities.I guided her to stay away from exaggerated statements like "Everything I do is wrong," "I'll always be overlooked," and "Why does this happen every single time?"3. Turn the "what if" narrative on its headThe brain excels at looking for meaning and at finding answers to questions. The minds of unusually sensitive people are particularly gifted when it comes to anticipating future events and making connections. Studies of sensitive people have shown that brain regions associated with decisions, focus, planning to take action, and having strong internal experiences are more activated in sensitive people. As a sensitive striver, this means you have a special ability to direct your thinking more precisely. You can make the most of this by asking yourself better questions. Be just as curious about what could go well in the future as you are about what could go poorly.Try posing questions like these:• What if upper management adores my new proposal?• What if the change I suggest is not just well-received but catalyzes this project into something groundbreaking?• What if my innovations elevate and transform how our team works together?4. Set a timer along with a goal When you're too hard on yourself at work, it can wreak havoc on your focus, productivity, and emotional wellness. Shame and humiliation go hand-in-hand with self-criticism. Fortunately, it's been proven that these feelings only last about 30 to 50 minutes.Make this work to your advantage by time-boxing your emotions: set a timer on your phone, and give yourself permission to process those feelings and experience them fully. Some find it helpful to practice release writing, which is a three to five free-writing exercise to release negative thoughts and frustrations.When the timer rings, create a deliberate plan for where you'll go from there. Articulate your desired emotional state, and strategize how to shift your feelings in that direction. Keisha made the decision to feel calm. Together, we came up with a game plan to help her reach that goal, including a breathing exercise and a few minutes of yoga.5. Redefine success to include additional outcomesIf you're a sensitive striver, you probably have a narrow, specific definition of achievement, which it's probably close to perfection at all times. You're more likely to flourish if you expand the scope of what constitutes a "win" in your book.You can't always control the outcome of your efforts, so redefine success to encompass additional results like these:• Pushing through fear or resistance• Taking a stand for your beliefs• Finding a creative approach by changing your mindset• Hitting a small milestone on the way to a larger goalSchedule a few minutes at the end of your time at work to contemplate your career achievements – accolades, recognition, advancement – and moments when you felt proud of something you did. When you act with integrity and make choices in alignment with your values, you are succeeding brilliantly.Read the original article on Business Insider.....»»

Category: worldSource: nytMay 27th, 2022

I spend $400 a month on freelancers for my small business. Here"s who I hire and why it"s worth the extra cost.

Hiring freelancers to conduct research, plan ad campaigns, and do low-lift tasks saves hours every week, says Jen Glantz. Hiring freelancers to help with low-lift tasks can save small business owners hours every week.GoTo Jen Glantz is an entrepreneur and the founder of Bridesmaid for Hire. She budgets $400 a month to hire freelancers to do work for her small business. The expense is worth it, Glantz says, because it saves her time to spend on more important tasks. As a solopreneur, I make money through multiple income streams: from services offered by my business, from coaching and courses, through revenue from my podcast and newsletters, and from books and seasonal products launches.Author Jen Glantz.Daphne YoureeBut one of the biggest and most long-running mistakes I made was refusing, for years, to hire anyone to help me out. I thought I could do it all and I did, but it left me overworked and exhausted.Not only did it feel impossible to keep up with day-to-do tasks, but I didn't have the time to innovate or think of new ways to scale my businesses. So at the end of last year, I decided I'd start finding people to help me, and began budgeting $400 a month to spend on hiring freelancers. While the kind of help I need every month varies, I typically find freelancers on Facebook groups or through websites like Fiverr and Upwork. Here are the kind of freelancers I usually hire, how much they cost, and what they bring to my business. 1. ResearchersDuring any given month, I'd spend two to three hours a week doing outreach to secure speaking engagements at conferences, press segments, or brand sponsorships. While I already had different email templates ready to personalize and send out, it still took too much time researching every opportunity and hunting down the correct contact information.So, I started hiring a research assistant who I pay to create lists of contacts for me to send my pitch emails to. For example, last week I hired someone for $25 for an hour to put together a list of 50 conferences I could apply to speak at. This saved me at least three hours of work. On average, I spend around $75 a month hiring researchers to create these lists for me. 2. Google Ads specialistsWhen it comes to acquiring new customers and subscribers for my newsletter or podcast, running Google ads has been an effective way to make that happen. Since I'm not an expert at setting up these ads or doing keyword research, I hire a freelancer to set these campaigns up for me on a monthly basis. This saves me at least two hours a week, and results in more effective ad campaigns because they're done by a specialist and optimized for success. I usually pay between $40 and $60 per campaign, and budget $125 a month for two to three campaigns. 3. Personal assistantsWhen I took inventory of how I spent my workday, I noticed that I was spending a lot of time on low-impact tasks, like formatting a presentation deck, scheduling social media posts, or writing podcast show notes. These things had to get done, but they took up hours of my time and pulled me away from taking important meetings, strategizing ways to grow my business, and other tasks that only I could do.Now, I budget around $200 a month to hire personal assistants to help me with the tasks that I don't have to do myself. This amount gets me anywhere from three to five hours a week of extra help, which has made a noticeable difference in the amount of time I need to work every day after I finish my high-priority to-dos. I understand the hesitation as a small business owner or entrepreneur to spend money on freelancers and delegate tasks to someone else. But if it'll save you time to spend on more important needs, it's worth it.Read the original article on Business Insider.....»»

Category: worldSource: nytMay 24th, 2022

The 46 best fantasy books to escape into this summer, from the classics to new highly anticipated sequels

Whether you like fantasy books with a dash of drama, historical fiction, romance, or science fiction, these novels are sure to become favorites. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Whether you like fantasy books with a dash of drama, historical fiction, romance, or science fiction, these novels are sure to become favorites.Amazon; Alyssa Powell/Insider Fantasy books are delightfully filled with magic, creatures, and new worlds. This list ranges from classic fantasy novels to exciting new releases. We looked at bestsellers, award-winners, and reader recommendations to find the best fantasy books. Fantasy books are a blissful escape from reality into worlds of magical creatures, mythological heroes, and folklore come to life. They are where we can discover new worlds where heroes and heroines face brutal beasts, travel across distant lands, and unearth forgotten kingdoms. From epic high fantasy to magical realism, the fantasy genre is expansive. Fantasy can include countless different types of magic, characters, and adventurous pursuits and many of these novels intertwine with other genres, especially science fiction and romance. To compile this list of best fantasy books, we looked at all-time fantasy bestsellers, award-winners, and new releases about which readers are raving. So whether you're looking to find a magical first fantasy read or delve deeper into a sub-genre you already love, here are some of the best fantasy novels to read this summer. The 46 best classic and new fantasy books to read in 2022:A historical fantasy retelling of an ancient Indian epicAmazon"Kaikeyi" by Vaishnavi Patel, available at Amazon and Bookshop, from $16.54For fans of "Circe," "Kaikeyi" is the historical fantasy tale of a young woman who discovers her magic while looking for deeper answers in the texts she once read with her mother. When Kaikeyi transforms into a warrior and a favored, feminist queen, darkness from her past resurfaces and the world she has built clashes with the destiny the gods once chose for her family, forcing Kaikeyi to face the consequences of resistance and the legacy she may leave behind. A new exciting fantasy sequelAmazon"Fevered Star" by Rebecca Roanhorse, available at Amazon and Bookshop, from $23.49"Fevered Star" is the highly anticipated sequel to "Black Sun," and continues as sea captain Xiala finds new allies with the war in the heavens affecting the Earth. Meanwhile, avatars Serapio and Naranpa must continue to fight for free will despite the wave of destiny and prophecy they face in this fantasy novel loved for its unique cast of characters and incredible world-building. The first epic fantasy novel in an upcoming trilogyAmazon"The Woven Kingdom" by Tahereh Mafi, available at Amazon and Bookshop, from $12.99"This Woven Kingdom" intertwines fantastical Persian mythology and rich romance in the first novel of an upcoming fantasy trilogy about Alizeh, the long-lost heir to the kingdom for which she works as a servant. Kamran, the crown prince, has heard the prophecies his kingdom is destined to face but couldn't imagine the strange servant girl would be the one to uproot everything he's ever known. The most classic fantasy you can getAmazon"The Hobbit" by J. R. R. Tolkien, available on Amazon and Bookshop, from $10.37An introduction to the mystical world of "The Lord of the Rings," "The Hobbit" is one of the most charming adventure fantasies in history. It's the timeless story of Bilbo Baggins meeting Gandalf as they set out to raid the treasure guarded by a dragon — indisputably a classic fantasy novel, and a must-read for any fantasy lover. A fantastical retelling of Chinese mythologyAmazon"Daughter of the Moon Goddess" by Sue Lynn Tan, available at Amazon and Bookshop, from $16.19Inspired by the legend of Chang'e, the Chinese moon goddess, "Daughter of the Moon Goodess" follows Xingyin as her existence is discovered by the feared Celestial emperor and she must flee her home and leave her mother behind. In this mythological retelling, Xingyin must learn archery and magic in the very empire that once exiled her mother and challenge the Celestial Emperor with her life, loves, and the fate of the entire realm at stake. A steamy fantasy retelling of "Beauty and the Beast"Amazon"A Court of Thorns and Roses" by Sarah J. Maas, available at Amazon and Bookshop, from $14.49In this wildly popular series, Feyre is brought to a magical kingdom on the crime of killing a faerie where both she and the secrets of her captor are closely guarded. This series is known for its careful pacing, beautiful romance, and nightmarish fantasy creatures. The final book was just released, so now you can binge-read straight to the end. A historical fantasy that you won’t soon forgetAmazon"The Invisible Life of Addie LaRue" by V.E. Schwab, available at Amazon and Bookshop, from $16.19In 1714, Addie LaRue accidentally prays to the gods that answer after dark and curses herself to a life in which she cannot be remembered. This book spans 300 years as Addie lives without a trace until one day, she meets a boy who remembers her name. Contrary to the premise, Addie's story is one that stays with you long after you finish this book. This was my favorite book of 2020 and remains in my top five of all time. A fantasy book that begins with "It was a dark and stormy night"Amazon"A Wrinkle in Time" by Madeleine L'Engle, available on Amazon and Bookshop, from $5.35This is one of the few books from my childhood that has stood the test of time and remained on my bookshelf to this day. Meg Murry — along with her mother and brother — rushes downstairs in the middle of the night to find a strange visitor in the kitchen, launching an adventure through space and time to save Meg's father and the world. I was whisked away by the magic in this story, along with so many other readers. A fantasy story that will take you to a new worldAmazon"The Lion, The Witch, and The Wardrobe" by C.S. Lewis, available at Amazon and Bookshop, from $7.64Though chronologically second, this was the first "Chronicles of Narnia" book to be published and therefore should be read first. It tells the story of three siblings who step through the door of a wardrobe and find themselves in the magical land of Narnia, enchanted by the evil White Witch. They team up with a lion and join the battle to save Narnia. C.S. Lewis wrote: "Some day, you will be old enough to start reading fairy tales again," and that resonates with so many readers who pick this book up and hold it close to their hearts forever.A fantasy series that's quickly become a modern classicAmazon"A Game of Thrones" series by George R. R. Martin, available at Amazon and Bookshop, from $26.93The "Game of Thrones" series is hailed as an undeniable classic even though it was just published in 2005. The entire series is iconic. It's about families caught in a never-ending war over who rules over the seven kingdoms. In these books, the good guys don't always win and the heroes don't always live. There are highly complicated characters, tons of subplots, and every kind of conflict imaginable. A powerful and diverse fantasy with contemporary issuesAmaozon"Legendborn" by Tracy Deonn, available at Amazon and Bookshop, $16.29"Legendborn" has quickly become a favorite amongst fantasy readers since it was published in September 2020. It weaves issues of grief, racism, and oppression with Arthurian-inspired magic. Bree enrolls in a college program for gifted high schoolers after an accident that left her mother dead. When an attempt to wipe Bree's memory after she witnesses a magical attack fails, her own magic and memories begin to return to her and leave her wondering if her mother's death was truly an accident. An enchanting, magical fantasy adventureBookshop"The Girl Who Fell Beneath the Sea" by Axie Oh, available at Amazon and Bookshop, from $16.99Mina's homeland has been devastated by storms for generations so every year, a maiden is sacrificed to the sea in the hopes the Sea God will take a true bride and end the villages' suffering. When Shim Cheong, her brother's beloved, is chosen for the next sacrifice, Mina throws herself into the sea in her place and is swept into the Spirit Realm where she seeks to wake the Sea God, confront him — and save her homeland before her time in the realm runs out. A feminist fairy tale classicAmazon"Ella Enchanted" by Gail Carson Levine, available at Amazon and Bookshop, $7.35Whether or not you've seen the hilarious Anne Hathaway movie, this is one to pick up. It's the story of Ella, enchanted as an infant with the "gift" of obedience. It quickly turns into a curse as Ella can't help but do what she's told no matter who orders her or how silly (or dangerous) the order may be. When Ella finds she might be in danger, she sets out to undo the curse and ends up on an adventure with ogres, elves, even the classic pumpkin carriage. I thought this book was just as amusing as the movie and I probably read it a dozen times as a teen. A deadly fantasy tale of three royal sistersAmazon"Three Dark Crowns" series by Kendare Blake, available at Amazon and Bookshop from $14.99In every royal generation on the island of Fennbirn, a set of triplets is born. They are each equal heirs to the throne and possess one of three magics: control of the elements, affinity to nature and animals, or immunity to poison. When the girls turn sixteen, the fight for the crown begins and will only end once only one queen remains. In this dark series about strong women, the tension and twists build with each novel until the action-packed and intensely satisfying ending. The magic in these books is easy to understand and really entertaining to read. I loved seeing this sisterhood grow and change over the four books.A bloody fantasy epic of warrior womenAmazon"The Gilded Ones" by Namina Forna, available at Amazon and Bookshop, from $15.39Deka is already different from the rest of her village, but when she bleeds gold — the mark of a demon girl — during a ceremony, she faces consequences worse than death. She is soon offered a choice: to stay and face her fate or leave and fight in an army of girls like her. This story moves swiftly with a mix of dystopian fantasy, horror, and a touch of romance. It can be quite violent at times, as demon girls suffer death after gruesome death. If you've ever been hesitant about picking up YA fantasy, this is one that won't disappoint. A dark fantasy that's perfect for a rainy dayAmazon"Neverwhere" by Neil Gaiman, available at Amazon and Bookshop, from $13.29While you are probably more familiar with "Coraline," "Neverwhere" is a Neil Gaiman book that just can't be passed over. On the streets of London, Richard Mayhew stops to help a bleeding girl and ends up in Neverwhere — a dark version of London where monsters lurk in the shadows. After finishing this, you'll ask yourself why you haven't read more of his novels. Gaiman also has a series on MasterClass that deconstructs his storytelling yet somehow adds more magic to every book. A classic fantasy novel full of magicAmazon"A Wizard of Earthsea" by Ursula K. Le Guin, available at Amazon and Bookshop, from $6.79When Ged was young, he was the reckless Sparrowhawk. Now he's grown into the most powerful sorcerer in Earthsea, but he must face the consequences of the power-hungry actions of his younger self. This book (and the entire six-book series) continues to enchant fantasy readers 50 years after its first publication. Through graceful writing and impeccable character development, Le Guin challenges us to know and embrace our true selves.A high seas pirate adventure storyAmazon"Fable" by Adrienne Young, available at Amazon and Bookshop, from $14.69Fable is a trader, a fighter, and a survivor. Four years ago, she watched her mother drown in a ruthless storm and her father abandon her on an island of thieves. Relying on the skills her mother taught her, Fable enlists West to help her confront her father and demand a place on his crew. When she finally makes it off the island, Fable learns how much more dangerous her father's work has become and finds that the island may have been the safest place for her after all. This is a gritty story with a strong feminist lead and (thankfully) a sequel that was just released.A fantasy series where light and dark magic exist in parallel worldsAmazon"A Darker Shade of Magic" by V.E. Schwab, available at Amazon and Bookshop, from $8.99Kell is a smuggler and one of the last magicians able to travel between parallel Londons: red, white, grey, and (long ago) black. After being robbed and then saved by Delilah Bard, the two set out on an adventure to save themselves and the worlds through which they travel. Schwab is a masterful world-builder and you will absolutely travel right along with this pair. Because of this series, I have become a sucker for a parallel universe trope. The fantasy story of a forced marriage between a witch and a witch hunterAmazon"Serpent & Dove" by Shelby Mahurin, available at Amazon and Bookshop, from $10.59In Belterra, witches are feared and burned at the stake by ruthless witch hunters. For two years, Louise hid her magic to stay alive until one mistake set in motion a story of impossible choices, an enemies-to-lover romance, and a tangled battle between right and wrong. With how compelling the writing is, you'd never guess it is a debut novel. I bought this one just for the gorgeous cover and had no idea how extraordinary it would be.A criminal account of a steampunk band of anti-heroesAmazon"Six of Crows" by Leigh Bardugo, available at Amazon and Bookshop, from $7.99Kaz is a professional criminal, offered an alluring heist that he can't pass up, but he can't pull off alone. This story is completely brilliant, gritty, and a little messy. With six main characters, "Six of Crows" is a fast-paced heist, a story that leaves you constantly surprised as you'll never fully know any one character's intentions due to its third-person point of view.The fantastical tale of a magical unicornAmazon"The Last Unicorn" by Peter S. Beagle, available at Amazon and Bookshop, from $13.99This is a beautiful fairy tale with poems and songs set throughout the pages. In this book, a unicorn who lives alone in a forest protected from death decides to find what happened to the others. Helped by a magician and a spinster, the unicorn sets out on a journey of love and destiny, faced with an evil king who aims to rid the world of the final unicorn. The life lessons woven throughout this book are bittersweet, but also real and honest. A cherished chronicle of magical children and guarded secretsAmazon"The House in the Cerulean Sea" by T.J Klune, available at Amazon and Bookshop, from $15.29This is one of the few books I refer to as "beautiful." Linus Baker is a quiet caseworker for the Department of Magical Youth — and has just been charged with investigating a highly secretive case that requires him to travel to an island where six dangerous magical orphans (including the actual son of Satan) live under the care of Arthur Parnassus. This book is all about family, filled with comforting magic as you come to care for fictional characters. Plus, reading about a child who is trying to be a good kid while also being the literal Anti-Christ is absolutely hysterical and was the highlight of this book for me.A dark, horror-fantasy book about occult magicAmazon"Ninth House" by Leigh Bardugo, available at Amazon and Bookshop, from $16.55Alex Stern is recovering in the hospital after surviving an unsolved homicide when she's mysteriously offered a full ride at Yale University. The only catch: she has to monitor the activities of the school's secret societies that practice dark magic. Alex, a high school dropout from LA, has no idea why she's been chosen but by the time she finds out, she'll be in too deep. This book won the Goodreads Choice Awards "Best Fantasy" category in 2019 and it absolutely lives up to the hype. It's intense, bloody, and powerful as dangerous magic weaves itself into an everyday school setting. A truly fun Greek mythology storyAmazon"The Lightning Thief" by Rick Riordan, available at Amazon and Bookshop, from $5.98Deeply loved, the Percy Jackson books are just as regarded as "The Hunger Games" or "Divergent." Percy has no idea that he is a demigod, son of Poseidon, but he's having trouble in school, unable to focus or control his temper. Percy is sure that his teacher tried to kill him and when his mom finds out, she knows she needs to tell him the truth about where he came from. He goes to a summer camp for demigods and teams up with two friends to reach the Underworld in order to prevent a war between the gods. Percy makes a great hero and it's so easy to root for him as he pushes through his journey, the pages filled with Grade-A characters, action scenes, and monsters. A West-African inspired fantasy world of danger and magicAmazon"Children of Blood and Bone" by Tomi Adeyemi, available at Amazon and Bookshop, from $12.99After a ruthless king left the world without magic and her mother dead, Zélie finds she has only one chance to save her people. On a dangerous journey to restore magic to the land before it is lost forever, Zélie's greatest danger may be herself. Readers agree that the best parts of this book are the characters, who all go on a transformative journey as they fight for peace. This is in TIME's Top 100 Fantasy Books of All Time, which is a huge deal. A captivating vampire fantasy novelAmazon"Crave" by Tracy Wolff, available at Amazon and Bookshop, from $11.51It's easy to draw a comparison between "Crave" and "Twilight," especially since the moment "brooding vampires" is mentioned, everyone's first thought is Edward Cullen. Plus, the cover looks like it's part of Stephanie Meyer's famous saga. But the "Crave" series is more sophisticated and literary while embracing the inherent cringe that now seems to accompany any vampire story. This is an engaging read because it blends nostalgia with something fresh and new. Open this book when you're ready to have fun with reading — the cheesy moody vampire moments are absolutely present amongst turf wars, a gothic academy, and dragons. A dark urban fantasy where people hunt the godsAmazon"Lore" by Alexandra Bracken, available at Amazon and Bookshop, from $14.99Greek mythology meets "The Hunger Games" in this world where every seven years, nine Greek gods are forced to walk the earth as mortals, hunted by those eager to steal divine power and immortality for themselves. Lore wants to leave this brutality behind when her help is sought out by two opposing participants: a childhood friend she thought long dead and a gravely wounded Athena. The world created in this standalone is thorough and complex. But if you love crazy twists and that "just one more chapter" feeling, you should give this a shot.An iconic fantasy book that checks every boxAmazon"The Princess Bride" by William Goldman, available at Amazon and Bookshop, from $10.11"The Princess Bride" is a modern classic that has something for everyone: action, beasts, true love, and a whole lot of fighting. A beautiful girl, Buttercup, and her farm boy, Westley, have fallen madly in love. Westley sets off to claim his fortune so he can marry her before he's ambushed by pirates. Thinking he's dead, Buttercup marries an evil prince as Westley plans to return to her. It's riddled with narration from the author that really adds to the passion and humor of this book.A 200-years-later fantasy sequel to "Cinderella"Amazon"Cinderella is Dead" by Kalynn Bayron, available at Amazon and Bookshop, from $15.63200 years after Cinderella found her prince, girls are required to appear at the annual ball where men select their wives. If a girl is not selected, she is never heard from again. Sophia would much rather marry her love, Erin, so she flees the ball where she runs into Constance, the last known descendant of Cinderella. Together, they decide to bring down the king once and for all. This book gathered attention for its Black and queer lead characters that have no intention of waiting for a night in shining armor to save them. It's a story of bravery, anger, and fighting for love.A fantasy that's all about booksAmazon"Inkheart" by Cornelia Funke, available at Amazon and Bookshop, from $9.29Meggie's father is reading to her from a book called "Inkheart" one night when an evil stranger from her father's past knocks on their door. When Meggie's dad is kidnapped, she has to learn to control the magic to change the story that's taken over her life, creating a world that she's only read about in books. It's a story about magic, for sure, but also about the unwavering bond between Meggie and her father — a truly heartwarming love that you'll feel as a reader.  A darker collection of fairy talesAmazon"The Complete Grimm's Fairy Tales" by Jacob and Wilhelm Grimm, available at Amazon and Bookshop, from $4.95The German brothers who wrote this book aimed to collect stories exactly how they were told. This led to a collection of fairy tales that we all know and love, minus the obligatory "happily ever afters." It has all the classics like "Cinderella" and "Rapunzel" that haven't been softened or brightly colored for younger audiences. This is great for anyone who loves the feeling of discovering all the secrets behind the stories or movies we loved when we were young.A fantasy re-telling of "Romeo and Juliet," set in 1920s ShanghaiAmazon"These Violent Delights" by Chloe Gong, available at Amazon and Bookshop, from $14.99In 1926, a blood feud has left the city starkly divided, Juliette the heir to the Scarlet Gang and Roma the heir to the White Flowers. They were each other's first love, separated by their families and long ago (but not forgotten) betrayal. Now, as a mysterious illness is causing the people to claw their own throats out, Roma and Juliette must put aside their differences to save their city. This one features a river monster, a serious amount of blood and gore, and nods to the original "Romeo and Juliet" throughout. A fantastical tapestry of legends and rivalriesAmazon"The Priory of the Orange Tree" by Samantha Shannon, available at Amazon and Bookshop, from $16.24Told from four points of view, Queen Sabran IX must conceive a daughter, for the legends say that as long as a queen rules, the monster beneath the sea will sleep. But as the assassins close in, the eastern and western kingdoms of Virtudom refuse to unite, even against an ancient and monumental threat that could kill them all. This is 800 pages of high fantasy, charged by dragons, queer representation, and a large cast of characters — but don't worry, you can find a glossary and character list in the back to help you keep it all straight. It's been hailed as "A feminist successor to 'The Lord of the Rings'" and decidedly embraces that praise.A fantasy novel hailed for its romanceAmazon"From Blood and Ash" by Jennifer L. Armentrout, available at Amazon and Bookshop, from $13.67While this absolutely falls into the fantasy genre, it actually won the Goodreads Choice Awards for "Best Romance" in 2020. Poppy is the Maiden, chosen to fulfill a destiny that has never been fully explained to her, living the life of a recluse and awaiting to ascend to prove she is worthy to the gods and can protect her land from the curse. When she can't stand it anymore, she sneaks away from the kingdom and meets Hawke, spurring a desperate secret romance. The beginning of the first book is slow, but the momentum builds quickly. It ends on a huge cliffhanger but the second one has already been released and the third is out on April 20, 2021. A classic Arthurian taleAmazon"The Sword in the Stone" by T. H. White, available on Amazon and Bookshop, from $15.50Before the famous King Arthur, there was a boy named Wart, a wizard named Merlin, and a sword stuck in a stone. In this story, Merlin helps Wart learn valuable coming-of-age lessons as he grows up. It feels both medieval and modern, with an emotional ending as Wart finally faces the sword. If you loved the Disney movie, you should still read this, since they're very different. The witchy prequel to “Practical Magic”Amazon"The Rules of Magic" by Alice Hoffman, available at Amazon and Bookshop, from $10.30Franny, Bridget, and Vincent are growing up in the 1950s, aware that they are different but held under strict parental rules to keep them safe and away from magic. When they visit their Aunt Isabelle in Massachusetts where their family name holds great history, the Owens siblings learn to embrace their magical sides. You don't need to have read "Practical Magic" to love this story of sibling love and finding your identity. The book is simply delightful and the whole thing feels like a cool autumn in Salem. A fantasy series that you'll hold close long after the final bookAmazon"Throne of Glass" series by Sarah J. Maas, available at Amazon and Bookshop, from $6.59This entire eight-book series has insanely high reviews, with a ton of fantasy readers picking up anything Sarah J. Maas writes. It follows Celaena Sardothien, an assassin who is offered a chance to serve as the King's Champion and earn her freedom after serving in a camp for her crimes. Celaena is drawn into a series of battles and a deeply woven conspiracy, discovering secrets about the kingdom and herself. This is an epic, powerful, and brilliant journey that might just become your new favorite series.The first in a new "Shadowhunter" seriesAmazon"Chain of Gold" by Cassandra Clare, available at Amazon and Bookshop, from $12.49Cordelia is a Shadowhunter, a warrior who has trained all her life to battle demons. On a mission to prove her father's innocence, she travels to London where she meets James, a childhood friend. She's whisked into his secret and dazzling life when a series of demon attacks hit London. These new monsters seem impossible to kill as they hide in plain sight and close off the city. The characters are what drives this book and if you've read other "Shadowhunter" novels by Cassandra Clare, you'll love getting to know family members you've heard about before. A portal fantasy that all begins with a girl finding magic in a bookAmazon"The Ten Thousand Doors of January" by Alix E Harrow, available at Amazon and Bookshop, from $14.99While serving as the ward to a wealthy man, January finds a strange book that tells a story of secret doors, adventure, and danger. As she reads, January is taken on an imaginative journey of discovery as a book she thought was fiction elaborately bends her reality. It's a portal story of love and enchanting adventure, a book about a book that will mercilessly break your heart but gracefully put it back together. A wintery fairytale story, loosely based on “Rumpelstiltskin”Amazon"Spinning Silver" by Naomi Novik, available at Amazon and Bookshop, from $10.99Miryem quickly earns a reputation for being able to spin silver to gold after setting out to save her family from poverty, capturing the attention of the Ice King. This is a woven story of three women, three mothers, and three marriages. Naomi Novik does an incredible job of helping you follow each story, creating some amazingly strong female protagonists. This is not your typical fairytale, but it's still full of whimsical writing, familial bonds, and tons of charm.  A deep-sea fantasy journey with seven kinds of magicAmazon"All The Stars and Teeth" by Adalyn Grace, available at Amazon and Bookshop, from $9.89In a kingdom where you can choose your magic, Amora knows that to be queen, she must master the dangerous but fickle soul magic. When her demonstration fails, Amora flees and strikes a deal with a pirate: she will help him reclaim his magic if he can help her prove that she's fit to rule. "All the Stars and Teeth" is an epic adventure-driven fantasy featuring mermaids, sea monsters, and a kingdom in danger. A fantasy book that will pull you in from the first lineAmazon"A Curse So Dark and Lonely" by Brigid Kemmerer, available at Amazon and Bookshop, from $9.89Set in the parallel land of Emberfall, a cursed Prince Rhen has become a destructive, murderous monster. Harper, a regular girl with cerebral palsy, was mistakenly kidnapped and is now the prince's only hope. Yes, this is the second "Beauty and the Beast" retelling in this roundup but they are both so different and so loved. Readers come for the complexity of Rhen and Harper and stay for the snarky, hysterical bickering between the two.A fantasy story of a darkly magical school where you graduate or dieAmazon"A Deadly Education" by Naomi Novik, available at Amazon and Bookshop, from $17.41At Scholomance, magically gifted students must survive to graduate — and failure means death. There are no teachers, no breaks, and only two rules: don't walk the halls alone, and beware of the monsters that lurk everywhere. El has no allies, just incredibly strong dark magic that could save her — but might kill all the other students. El's evolution and hilarity during this story plus Novik's thoughtful world-building and extremely diverse cast of characters are what make this a favorite. A fae-centered high fantasyAmazon"The Cruel Prince" by Holly Black, available at Amazon and Bookshop, from $10.9910 years ago, Jude and her sisters were kidnapped after their parents' murder and taken to the land of Faerie, where they are mortal humans amongst fantastical but cruel creatures. In order to belong, Jude must win a place in the high court which will require her to defy the youngest prince. Holly Black (crowned the supreme Faerie-world writer) creates a world so real, you'll forget its magic. A new fantasy duology of a world of enchanted injusticeAmazon"Spellbreaker" by Charlie N. Holmberg, available at Amazon and Bookshop, $8.49There are two kinds of wizards in the world: those who pay for the power to cast spells and those born with the ability to break them. Elise was born a spellbreaker but her gift is a crime. While on a mission to break the enchantments of aristocrats, Elise is discovered and must strike a bargain with an elite wizard to protect herself. It's a fun fantasy mystery with plenty of twists and danger that are sure to keep you intrigued.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 23rd, 2022

19 great books for recent college grads that"ll guide them through their next chapter

From inspiring memoirs and self-help bestsellers to important career and money how-to guides, these books will set your college grad up for success. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.From inspiring memoirs and self-help bestsellers to important career and money how-to guides, these books will set your college grad up for success.AmazonAs college graduates ready themselves for the next chapter in their lives, books can provide insightful advice and research-driven tips on how to best move forward. Whether they're starting their first job or fellowship, paying the brunt of their own expenses for the first time, or unsure of what they want to do next, there are countless people who have been in their shoes before and have some wisdom to impart. Below, we rounded up some of the best books to gift recent college grads, from relatable memoirs, straightforward financial guides, and self-help books on everything from forming healthy habits to finding one's ideal career path. And if you want to pair a book with another gift, be sure to check out our guides to the best college graduation gifts. The 19 best books to gift college graduates in 2022:"Congratulations, By the Way: Some Thoughts on Kindness" by George SaundersAmazon"Congratulations, By the Way," available at Amazon and Bookshop, from $12.99Best for: The grad who wants a short, inspirational readAdapted from author George Saunders' commencement address at Syracuse University (where he teaches writing), this book is essentially a short, incredibly well-written speech that can be finished in one sitting. As a bonus, the core theme isn't about common graduation topics like career goals or perseverance, but about something even more important: kindness and empathy for others."Designing Your Life: How to Build a Well-Lived, Joyful Life" by Bill Burnett and Dave EvansAmazon"Designing Your Life: How to Build a Well-Lived, Joyful Life," available on Amazon and Bookshop, from $18.92Best for: The grad who has no idea what they want to do for a careerWritten by two faculty members of Stanford University's Design Program, this book uses design thinking to help the reader break down what they love to do and forge a life path that balances work with everything else. It's particularly great for grads who feel uncertain about what they want to do in their career and can help them discover new possibilities.You can read our review of the "Designing Your Life" online course on the same topic here."Speak: How to Find Your Voice, Trust Your Gut, and Get From Where You Are to Where You Want to Be" by Tunde OyeneyinAmazon"Speak: How to Find Your Voice, Trust Your Gut, and Get From Where You Are to Where You Want to Be," available on Amazon and Bookshop, from $18.21Best for: The grad who wants to grow into themselves moreWritten by popular Peloton instructor Tunde Oyeneyin, this memoir doubles as a self-help book that teaches readers how to live a life with purpose. Oyeneyin chronicles her journey to figuring out what she wanted to do in life and how to pursue her dreams to live her most authentic life, leaving readers with a framework to do the same."The Defining Decade: Why Your Twenties Matter—and How to Make the Most of Them Now" by Meg Jay, PhDAmazon"The Defining Decade," available at Bookshop and Amazon, from $7.98Best for: The grad who feels nervous about their 20sFrom graduating college to finding that first job or relationship, one's 20s pack a lot of change in a short amount of time. Weaving stories of hundreds of 20-something clients and students, Meg Jay's book is full of advice on how to navigate all these new developments to set oneself up for success later in life."Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones" by James ClearAmazon"Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones," available at Amazon and Bookshop, from $11.98Best for: The grad who wants to self-improve by doesn't know where to startWhether your graduate wants to be better organized or stop procrastinating as much, this bestselling book offers clear, tangible tips on how to build tiny, approachable habits that snowball into larger, life-changing ones down the road."Untamed" by Glennon DoyleAmazon"Untamed," available on Amazon and Bookshop, from $14.99Best for: The grad on the precipice of some exciting-but-scary changes This bestselling memoir reads more like a self-help book, offering lots of encouragement in being true to one's authentic self and most honest desires. It can especially be helpful to a graduate with big changes looming ahead, such as a cross-country move or a career path switch.You can read our review of "Untamed" here."Get Good with Money: 10 Simple Steps to Becoming Financially Whole" By Tiffany Aliche (The Budgetnista)Amazon"Get Good with Money: Ten Simple Steps to Becoming Financially Whole," available at Bookshop and Amazon, from $14.71Best for: The grad who needs to learn how to budgetWhether your grad is dealing with student loan debt or difficulty finding work, they're sure to find meaningful advice from Tiffany Aliche, who dealt with the aftermath of the 2008 recession and a shady advisor who put her into a huge financial hole. Written in a straightforward way, this book offers simple, tangible ways for young graduates to save money, pay off debt, and plan for a financially secure life."Never Split the Difference: Negotiating As if Your Life Depended on it" by Chris VossAmazon"Never Split the Difference: Negotiating As if Your Life Depended on it," available at Amazon and Bookshop, from $17.99Best for: The grad who will have to negotiate their salary soonWritten by a former FBI hostage negotiator, this book offers fascinating tips on how to negotiate everything from a raise at work to a compromise with a family member. It can especially be useful to grads going into fields where persuasion will be a big part of their job, such as law, politics, or non-profit work. You can read our review of Chirs Voss's MasterClass on the same topic here."Quiet: The Power of Introverts in a World That Can't Stop Talking" by Susan CainAmazon"Quiet: The Power of Introverts in a World That Can't Stop Talking," available at Amazon and Bookshop, from $13.89Best for: The grad who's self-conscious about being an introvertAs "Quiet" explores, much of American culture rewards those who are extroverted and talkative, which can make it difficult for more introverted people to feel like they can stand out. Written as part-memoir, part-self-help, this book offers inspiring anecdotes and tips on how to channel one's quiet side, instead of feeling forced to change it.You can read our full review of "Quiet" here."Tiny Beautiful Things: Advice on Love and Life from Dear Sugar" by Cheryl StrayedAmazon"Tiny Beautiful Things," available at Bookshop and Amazon, from $13.38Best for: The grad who doesn't just want career adviceCheryl Strayed, author of the bestselling memoir "Wild," also worked for years as the writer of a column called "Dear Sugar," where she offered advice to strangers by being incredibly vulnerable and honest about her own life experiences. This book is a collection of some of her best columns, tackling topics from grief and cheating lovers to pursuing your wildest dreams."The Art of Gathering: How We Meet and Why it Matters" by Priya ParkerAmazon"The Art of Gathering: How We Meet and Why it Matters," available on Amazon and Bookshop, from $14.49Best for: The grad moving away from all their friendsThe nice thing about college is how easy socializing is when you all live in the same dorm or apartment, have school-organized events to attend, and generally live by similar schedules. As we get older, making new friends (or hanging with existing ones) can get more challenging. This book teaches simple but mind-blowing tips on how to make gatherings more meaningful and bonding, from sending out an event invite to deciding who to invite.You can read our review of "The Art of Gathering" here."I Will Teach You to Be Rich" by Ramit SethiAmazon"I Will Teach You to Be Rich," available at Bookshop and Amazon, from $12.87Best for: The grad already interested in building their savingsThis book gives grads some good news: they can spend all they want on lattes, so long as they still have money to invest and grow over time. It's a straightforward guide to building a robust savings account, and one of our personal favorite books to recommend (especially to those new to managing their money)."What You're Really Meant to Do: A Road Map For Reaching Your Unique Potential" by Robert Steven KaplanAmazon"What You're Really Meant to Do," available at Bookshop and Amazon, from $14.39Best for: The grad who doesn't know what to do nextIn this book, Robert Steven Kaplan, a leadership expert and bestselling author, shares specific exercises and advice on how one can know themselves more deeply, from figuring out their true passions to setting goals to reaching them. "What I Know Now: Letters to My Younger Self" edited by Ellyn SpraginsAmazon"What I Know Now," available at Amazon, $12.77Best for: The grad who wants all the advice they can getIf you don't want to commit to one book by one author, this anthology features letters from 41 famous women to their past selves, with writers ranging from Madeleine Albright to Maya Angelou. Beyond offering invaluable advice, it's also just a fascinating glimpse into these iconic women's lives."Ask a Manager: How to Navigate Clueless Colleagues, Lunch-Stealing Bosses, and the Rest of Your Life At Work" by Alison GreenAmazon"Ask a Manager," available at Bookshop and Amazon, from $14.40Best for: The grad who already has a difficult jobAlison Green, an internet-famous work advice columnist, is known for giving empathetic, straightforward, and honest career advice, whether you have an annoying coworker or have no idea how to ask for a raise. If your grad already has a job (or is struggling with the interview process), this book can serve as a guide through all stages of their work life."Make Your Bed: Little Things That Can Change Your Life...and Maybe the World" by Admiral William H. McRavenBookshop"Make Your Bed," available at Bookshop and Amazon, $11.94Best for: The grad who wants some simple, straightforward life adviceBased on a commencement speech that Admiral William H. McRaven gave to the University of Texas, Austin in 2014, this book covers his career as a Navy Seal and what it taught him about which habits and outlooks make the most impact. It's a book that offers honest, direct tips on how to live a more successful life, no matter what you do for a living."The Gift: 14 Lessons to Save Your Life" by Edith Eva EgerAmazon"The Gift: 14 Lessons to Save Your Life," available on Amazon and Bookshop, from $11.37Best for: The grad who's gone through a rough patch latelyRecently updated to reflect on the COVID-19 pandemic, this book shares the story of Edith Eva Eger, a world-renowned psychologist and Holocaust survivor who argues that the only thing worse than living in a concentration camp was feeling imprisoned by her own fear, guilt, and anger. The core lesson of the book teaches readers that while we can't control our experiences, we can always change our perspectives."Option B: Facing Adversity, Building Resilience, and Finding Joy" by Sheryl Sandberg and Adam GrantAmazon"Option B," available at Bookshop and Amazon, from $13.67Best for: The grad who wants to be more resilientWhen Sheryl Sandberg's husband suddenly died, she worried she'd never feel joy again. She worked on this book with her friend Adam Grant, a Wharton psychologist — together, they share tips on how to build resilience even in the most trying times. It's a skill every graduate needs, whether they're facing big changes or even just dreading big changes in the future."The Beautiful Chaos of Growing Up" by Ari SatokAmazon"The Beautiful Chaos of Growing Up," available at Amazon, $14.99Best for: The grad who loves poetry"The Beautiful Chaos of Growing Up" is a beautiful poetry collection about young adulthood. it covers everything from college friendships and graduation to all the firsts of adulthood: first romances, first jobs, first apartments — all helping a recent grad get excited about what's to come next.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 20th, 2022

The Washington Post"s premier advice columnist reflects on her 25-year career, giving advice, and finding your voice

In an interview with Insider, Hax, who's celebrating 25 years at The Washington Post this month, said some people still mystified her. Carolyn Hax is celebrating 25 years at the helm of her eponymous advice column for The Washington Post.Carolyn Hax For the past 25 years, Carolyn Hax has written a syndicated advice column for The Washington Post. Known for her blunt but compassionate counsel, Hax is one of The Post's most popular writers. In an interview with Insider, Hax spoke about her career, life, and what still mystified her. How can I get my spouse to take on more household chores? How do I sever ties with a friend whose company I no longer enjoy? How can I overcome my job-interview anxiety? How can I keep it together amid a terrifying health scare? These questions are, you might say, the stuff of life. They're also the life's work of Carolyn Hax, who this month celebrates 25 years at the helm of her eponymous advice column for The Washington Post. The syndicated column appears in 118 newspapers around the US, including The Sacramento Bee, Detroit Free Press, and The Dallas Morning News.Hax's quarter century on the job is not unusual for the genre: Pauline Friedman Phillips, aka Abigail Van Buren, wrote "Dear Abby" for 46 years, while her sister Eppie Lederer, aka Ann Landers — affectionately known as "America's mother" — was at it for 47 years.But Hax is undoubtedly a force in the otherwise insipid self-help industrial complex. America's mother, she ain't. She's more like America's savvy older sister: a tad bossy, quick to point out your blind spots, but compassionate and knowing, too. If it weren't for a twist of scheduling fate, she might never have gotten the job. It was spring 1997, and Hax, a news and copyeditor at The Post, was filling in for the day on the Style Plus desk, which ran lifestyle articles. In a casual conversation with Peggy Hackman, then the section editor, Hax learned The Post was in the market for an advice column to attract younger readers."And I said, 'What you really need is a snotty 30-year-old writing one of these things,'" Hax, who incidentally was 30 at the time, said.Hax, who describes herself as "mouthy and opinionated," took matters into her own hands: Using questions from the sample column, she wrote her own version of answers, which were promptly circulated among the paper's brass. Within weeks, she was in business.Over the course of her career, she's written thousands of columns and hosted hundreds of live chats where she provides hot takes on readers' personal challenges. She's consistently one of The Post's most read authors, according to the paper's internal data.There's both voyeuristic pleasure and moral satisfaction in reading Hax. You not only peer into other people's lives and problems, you also get Hax's sharp-eyed observations and often mordantly entertaining counsel. To the religious mom who doesn't want to allow her 24-year-old son to sleep in the same room with his long-term girlfriend at her house, Hax was gentle but forthright: Your son is an adult, and your relationship could suffer when he tires of your moral righteousness, she said."Whatever you decide — and it is your decision — please preface it with, 'I am deciding this for a grown man,'" she added.But Hax has a sensitive side, too. To the daughter who lost her mother to cancer and can't fathom how she'll push through the grief, Hax said: "Feeling the pain — the unrelenting flood of it now, then in waves as the waters start to recede, then intermittently throughout your life, whenever it feels like washing over you — is how you get through it."Hax is, after all, human and has experienced her fair share of tragedies, disappointments, and joys. She lost her mom to ALS in 2002. That same year, she divorced her husband, Nick Galifianakis, the artist who draws the cartoons for her column to this day, and remarried a childhood friend. They are the parents to three teenage sons.In a wide-ranging interview with Insider, Hax, 55, spoke from her home office in coastal Massachusetts about her career, her life, and the reader questions that still mystify her.This interview was edited and condensed for clarity.Out of the hundreds of questions you receive for your column every week, you answer roughly a dozen. How do you decide which ones to tackle? What makes you think, 'I have something to say here'?Provocation of some sort. My reading day is Monday, and I just sit there and read, and if I have some gut reaction or visceral response — either I'm upset or I'm angry or I'm amused, or I have that, "Wait, I know that one!" feeling — I copy and I paste it into a writing file. I don't answer it right then, I just keep reading and compile a big file of questions. When I'm ready to start writing, I go to that file.I start with the top one, and I edit the question into some usable form, and then I try to write an answer. I put it into a column, and then I go to the next one. It's really an assembly line. Do you always know your answer right away?Sometimes I have to turn it over in my head for a couple of weeks. I have questions running in the background constantly that I come back to when I have something. Do you ever suffer from imposter syndrome or feel you're doing the work that a trained therapist ought to do?Sure. But the history of advice columns does not include a bunch of people who are therapists. It is a from-the-hip medium. It is the kitchen-table conversation put into column form. I've never felt like I had no business doing this. How did you find your voice?By not looking for it. One of the things that helped me is that I don't necessarily like to write. I don't journal. I don't write poetry. I like to read. I love words. But I don't like to generate them myself. And so the way my style came about was I just didn't try that hard to have one. Your job seems like so much fun, but I imagine it's also deeply taxing.It is mentally taxing. You're in people's problems, and they can be upsetting. And I feel very responsible even though what I'm doing is very much a layman talking at the kitchen table. I want to make sure that I've covered everything. Because if I miss something the day after it's published, I hear about it from readers in such volume. These are people's lives, and I don't want to be cavalier.What have these past two years been like for you — both personally and professionally? I never lose sight of the fact that I've gotten off easy. I was already working from home. I didn't lose anybody, knock wood, close to me. The biggest losses I've had are my kids, who are all in high school, having lost a bunch of experiences. Their world suddenly got circumscribed in a way that it just seemed so wrong and unfair. Professionally, I'd say I used to get a variety of questions and then, suddenly, I got variations of the same question: "I can't do this anymore. I'm home with my kids, and I can't see a way out. I can't." That helplessness and hopelessness was unrelenting for a long time. But again, I can't lose sight of the fact that it was somebody else's; it was not mine.How did you cope?[At the beginning of the pandemic] I would sometimes have these panicky moments or these moments of absolute debilitating rage. That surprised me. I was just so angry. I would have to take a walk. Or, unfortunately for me, I would bake something. I'm still wearing it. You endured a mini public flogging in 2003 after you and your husband separated, and some readers were scandalized (and openly cruel) when you appeared in a gossip column engaged to someone else and pregnant with twins. What do you make of that today?    I don't think about it. There are people out there who believe that I left my marriage for somebody. I didn't. This was over the course of years. I just reported it all at once.But I made a conscious decision at the time that I wasn't going to counter every accusation because that takes pieces of your soul away. I could only say what was going on and move on with my life. The most useful thing that experience taught me is that you just have to detach your well-being from what other people think of you.I've heard that therapy is a success when you hear your therapist's voice in your head soothing you, countering your negative thoughts, and guiding you toward healthier behaviors. Who's in your head?I have the readers' voices in my head constantly. I come across questions and I think, "OK. I went through something like this. It didn't look like that to me. But this person saw it very differently, and I will incorporate that into my answer." The part of this work that has been so good is that, in all of that feedback from readers, I have gotten an incredible education on what it is to be a person who isn't me. Where do you fall on the nature of the human race? Are we born evil? Or are we basically good people who are deeply flawed? There are still people who mystify me. I look at what some people believe, even though it's been disproven over and over again, and I think, "Where do you come from? Where do you get your worldview?" I feel like it's part of my responsibility as a writer, as a citizen, and as a human to try to understand other people. But sometimes, I think I'm not making any progress.That said, I think in general people are trying their best to get through whatever in their life is mystifying and difficult and complicated. And that is probably true when people were out there hunting and gathering. Survival and emotions are complicated things. I give people the benefit of the doubt that they're working out their own ways of getting through. I think some people lose their battle with their worst impulses. All of us have them. I don't think anybody is uniformly good. But I feel better about people, and I feel better about my day-to-day life if I look at everyone as doing their best to figure all this stuff out, just like I'm trying.After two-plus harrowing years of pandemic, social strife, economic uncertainty, and international unrest, do you have any words of wisdom for us?Stay out of the middle distance because that can be overwhelming. If you're looking at the near distance — what you need to get done on your to-do list so you get to the end of the day — you'll stay on course. And if you look into the far distance, and you recognize that humanity has been dealing with stuff for its entire run, usually worse than this, you'll be OK. But the middle distance — when you try to figure out where you're going to be two months from now, or if you're ever going to have steady childcare again, or if you're ever going to be able to go on an airplane without the existential terror of contracting something — can mess with your head. So I always say, "Think in really small baby steps. Or go so big that you go to the mountains, and you look at the sky and the stars, and you realize, 'I am insignificant. This doesn't matter. I'll be fine.'"Last question: You've been doing this for 25 years. Are you tired of it? Do you think about retirement at all? I am about to send three kids through college, so I plan to retire when I'm 150.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 19th, 2022

These Were The Five Best And Worst Performing Small-Cap Stocks In April 2022

Small-cap stocks are companies with market capitalizations of less than $2 billion. These stocks can be very volatile, and thus, could offer impressive returns in the short-term as well. Additionally, what makes these stocks even more tempting is the Goldman Sachs data that small-cap stocks have outperformed the large-cap stocks over the past two decades, […] Small-cap stocks are companies with market capitalizations of less than $2 billion. These stocks can be very volatile, and thus, could offer impressive returns in the short-term as well. Additionally, what makes these stocks even more tempting is the Goldman Sachs data that small-cap stocks have outperformed the large-cap stocks over the past two decades, and the trend is expected to continue this year as well. Let’s take a look at the five best and worst performing small-cap stocks in April 2022. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Series in PDF Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more Five Best Performing Small-Cap Stocks In April 2022 We have used the April return data from to come up with the five best and worst performing small-cap stocks in April 2022. First, let’s look at the five best performing small-cap stocks in April 2022: BlackBoxStocks (116%) Founded in 2011 and headquartered in Dallas, this company makes available real-time proprietary analytics and news to stock and options traders. BlackBoxStocks Inc (NASDAQ:BLBX) shares are down over 51% YTD and over 10% in the last year. Its shares are presently trading at over $1.80, while it has a 52-week range of $1.49 and $8.00. As of writing, BlackBoxStocks’ market cap was more than $22 million. Redbox Entertainment (127%) Founded in 2002 and headquartered in Oakbrook Terrace, Ill., this company produces, acquires and distributes movies through its Redbox Entertainment Inc (NASDAQ:RDBX) brand. Redbox Entertainment shares are down almost 64% YTD and almost 73% in the last year. Its shares are presently trading at over $2.40, while it has a 52-week range of $1.6101 and $27.22. As of writing, Redbox Entertainment’s market cap was more than $145 million. Veru (136%) Founded in 1996 and headquartered in Miami, this company develops medicines for the management of prostate cancer and breast cancer. Veru Inc (NASDAQ:VERU) shares are up over 53% YTD and over 19% in the last year. Its shares are presently trading at over $9.60, while it has a 52-week range of $4.34 and $17.50. As of writing, Veru’s market cap was more than $650 million. Checkmate Pharmaceuticals (222%) Founded in 2015 and headquartered in Cambridge, Mass., this company deals in developing proprietary technology to use the immune system's power to combat cancer. Checkmate Pharmaceuticals Inc (NASDAQ:CMPI) shares are up over 260% YTD and over 50% in the last year. Its shares are presently trading at over $10.40, while it has a 52-week range of $2.00 and $10.48. As of writing, Checkmate Pharmaceuticals’ market cap was more than $220 million. Cyngn (275%) Founded in 2013 and headquartered in Menlo Park, Calif., it is an autonomous vehicle technology company that focuses on finding industrial uses for autonomous vehicles. Cyngn Inc (NASDAQ:CYN) shares are down over 15% YTD but are up over 140% in the last three months. Its shares are presently trading at over $3.60, while it has a 52-week range of $1.08 and $9.91. As of writing, Cyngn’s market cap was more than $90 million. Five Worst Performing Small-Cap Stocks In April 2022 Following are the five worst performing small-cap stocks in April 2022: Agile Therapeutics (-76%) Founded in 1997 and headquartered in Princeton, N.J., this healthcare company develops and commercializes transdermal patches. Agilent Technologies Inc (NYSE:A) shares are down over 90% YTD and over 95% in the last year. Its shares are presently trading at over $1.60, while it has a 52-week range of $1.58 and $69.60. As of writing, Agile Therapeutics’ market cap was more than $6 million. Iveda Solutions (-77%) Founded in 2003 and headquartered in Mesa, AZ, this company enables cloud video surveillance through its Sentir data and video management platform. Iveda Solutions Inc (NASDAQ:IVDA) shares are down over 90% YTD and over 80% in the last year. Its shares are presently trading at over $1.10, while it has a 52-week range of $0.9709 and $19.52. As of writing, Iveda Solutions’ market cap was more than $12 million. Genocea Biosciences (-78%) Founded in 2006 and headquartered in Cambridge, Mass., this company develops and commercializes cancer vaccines. Genocea Biosciences Inc (NASDAQ:GNCA) shares are down over 85% YTD and over 90% in the last year. Its shares are presently trading at over $0.18, while it has a 52-week range of $0.1601 and $2.68. As of writing, Genocea Biosciences’ market cap was more than $9 million. Blue Water Vaccines (-93%) Founded in 2018 and headquartered in Cincinnati, this biotechnology company focuses on developing transformational vaccines to prevent infectious diseases worldwide. Blue Water Vaccines Inc (NASDAQ:BWV) shares are up over 70% in the last five days. Its shares are presently trading over $6.50, while it has a 52-week range of $3.26 and $90.90. As of writing, Blue Water Vaccines’ market cap was more than $70 million. Kaleido Biosciences (-97%) Founded in 2015 and headquartered in Lexington, Mass., this clinical stage healthcare company leverages the microbiome organ to treat disease and improve human health. Kaleido Biosciences Inc (OTCMKTS:KLDO) shares are down over 97% YTD and over 99% in the last one year. Its shares are presently trading over $0.04, while it has a 52-week range of $0.0411 and $9.470. As of writing, Kaleido Biosciences’ market cap was more than $2 million. Updated on May 13, 2022, 10:35 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 13th, 2022

Bonobos cofounder Andy Dunn describes how he changed his unstylish ways to run a top fashion brand: "We needed a fashion-startup front man, not a neon orange liability"

In "Burn Rate," Andy Dunn says Brian Spaly, his more fashionable Bonobos cofounder, bought clothes for him and advised him on clothing choices. Scott Eells/Bloomberg via Getty Images Andy Dunn is the cofounder and former CEO of menswear brand Bonobos. In his new memoir "Burn Rate," he details one paradoxical challenge he faced while leading the fashion company: He wasn't fashionable. Dunn says his cofounder, Brian Spaly, bought him clothes, writing, "We needed a fashion-startup front man, not a neon orange liability." How do you run a fashion company if you're not fashionable yourself?Andy Dunn recalls finding himself in this very predicament as cofounder and former CEO of menswear brand Bonobos in his new memoir "Burn Rate: Launching a Startup and Losing My Mind," which hit shelves Tuesday.In the book, Dunn recalls meeting his Bonobos cofounder Brian Spaly while the two were students at Stanford's Graduate School of Business."We became fast friends and decided to room together at Schwab, the dorm where most first-year Stanford business school students lived," Dunn wrote. "I admired Spaly. He was better at sports. He was funnier. He had more money. He was self-reliant, disciplined, and frugal. I was none of those things."As for the most important difference between them, Dunn writes, "What defined our future, though, was this difference: he was fashionable and I was not."The two went on to launch Bonobos online in 2007, at first only selling pants before offering other clothing items. Spaly was skeptical about Dunn being CEO of the company because of his approach to clothing, according to the book."Spaly and I were on a run," Dunn recalled. "He made a comment that should have served as a bit of a warning. 'My only problem with you running this company is you're just not that fashionable.' It was cutting and true.""But Spaly was right: for a guy running a fashion company, fashion was not my strong suit," Dunn wrote. "I wore weird combinations. We had a thicker orange corduroy pant, with fatter wales, called the F. Scotts. I paired those with a tight-fitting T-shirt I'd bought on eBay, a replica Walter Payton Chicago Bears jersey, matching the orange pop of the Bears' stripes to the pants. As Spaly would say: 'Oh boy.'"As the two started building Bonobos, Spaly stepped in to lend a hand with Dunn's sartorial style, the book says."Spaly started buying me clothing," Dunn wrote. "We needed a fashion-startup front man, not a neon orange liability. He went to a Ralph Lauren sample sale and came back with a light purple cashmere sweater, a half-zip cotton pullover, and a prep school black-and-red embroidered jacket. He'd suggest which pants I should wear with each item and advise me on compatible shoe purchases."Outside of the book, Dunn has previously spoken about not being particularly stylish. In fact, Bonobos was built partly for men who find themselves in the same boat, he says."I'm kind of the least likely person that you could imagine to be a CEO of a fashion company, and yet at the same time I think it's almost perfect, because Bonobos is really built to make it easier for guys to get great clothes," he told the Associated Press in 2017. "We built the brand not only for guys who have great fashion sense, but for guys who need a little bit of help."In "Burn Rate," Dunn also recounts his experience running a business as someone with bipolar disorder and shares his advice for other business leaders who also have mental illness.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 11th, 2022

How To Double Your Savings Account in 12 Months (Do this One Thing)

Nearly 1 in 5 Americans didn’t save any money in 2021. If you’re one of them and determined to double your savings account by next year, there’s one thing you need to do. First, though, visualize success. Imagine for a moment that you wake up to see your savings account is double the amount it […] Nearly 1 in 5 Americans didn’t save any money in 2021. If you’re one of them and determined to double your savings account by next year, there’s one thing you need to do. First, though, visualize success. Imagine for a moment that you wake up to see your savings account is double the amount it was a year ago. You instantly feel the money stress that used to be so familiar melt away. With a solid savings, you know you can weather most financial storms. It brings a sense of security and contentment. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more But, how can you get there? And what is the one thing that is most effective when it comes to doubling a savings account in one year? Automation Is The Secret Key To Savings Success You know the drill: You get paid, you spend some money on bills and maybe some fun, and then you hope there’s enough left over to save. But what if there was a way to take the guesswork – and the effort – out of saving money? That’s where automation comes in. In his book I Will Teach You to Be Rich, Ramit Sethi encourages people to automate their money saying, “The beauty of this system is that it works without your involvement and it’s flexible enough to add or remove accounts anytime. You’re accumulating money by default.” And, that’s the way saving money should be. It should be seamless and stress free. There are several ways to automate your savings, but the simplest is probably setting up a separate bank account for your savings and then arranging for a set amount of money to be transferred from your checking account to your savings account each month. This method has the added benefit of helping you keep track of how much you’re saving; after all, it’s easy to lose track of $50 here or $100 there when it’s coming out of your checking account along with everything else. But when that money is sitting in a separate account, it’s a lot easier to see how your savings are growing. Don’t Forget About Retirement Another way to automate your savings is through employer-sponsored retirement plans like 401(k)s. Many employers will allow you to designate a certain percentage of each paycheck to go into your 401(k), and once you’ve set it up, you won’t have to think about it again. Just make sure that you take the extra step to actually invest your savings in a fund so your hard earned money can benefit from compound interest over time. Strategies to Boost Your Savings If you don’t feel like you have excess funds to start automating your savings, below are some strategies you can use to increase your cash flow. More cash means you can automatically save more each month. This will help you successfully reach your goal of doubling your savings in 12 months. Temporarily Lower Your Expenses As anyone who has been following the news recently can attest, keeping our finances in order is more important now than ever. Not only are many of us dealing with financial hardships brought on by the pandemic and other factors, but many people struggle with overconsumption habits. It’s too easy to say increase your savings by cutting back on your expenses. Most people know that if they lower food expenses or stop shopping online, they can boost the amount of cash in their accounts. The problem is finding the desire to implement new habits when you have a goal to reach. So, sometimes it’s helpful to point out you only have to temporarily lower your expenses. You won’t always have to forgo a shopping spree to the mall or drinks out with your friends. These are temporary strategies you can use to double your savings account to give you the base savings account you need to feel comfortable and content. Become a Freelancer One great way to double your savings in 12 months is by creating additional streams of income. There are many ways to do this, so there’s sure to be an option that fits your skills and interests. One option is to start freelancing on the side. If you have a knack for writing, design, or programming, you can use your skills to earn money by working with clients on a freelance basis. The rise of working on the Internet has revolutionized the way freelancers work. One of the biggest advantages is that you can choose who you work with and what projects you want to work on. This is a lot more flexible than getting a side job delivering pizza or working at a store. When you’re a freelancer, you can make extra money but have a much greater sense of control over your work-life balance. Freelancing also allows you to work from anywhere in the world. As long as you have an Internet connection, you can work from home, a coffee shop, or even at the beach. This gives you a level of freedom that traditional side jobs simply can’t match. Finally, freelancing can be extremely rewarding financially even if you only do it part time. You’ll need to have a good work ethic and the motivation to go out and get work. But, this can be an incredibly lucrative way to add to your savings account quickly. Start a Small Business If you’re looking to double your savings account within the next year, one of the best ways to do so is by starting your own business. Not only can running your own company help you generate an income that more than covers your expenses, but it also allows you to be in control of your time and financial future. However, many people put off starting their own businesses due to high startup costs and upfront investments. Luckily, there are a number of ways to start a business on a budget. By keeping costs low and being strategic about where you invest your money and energy, you can set yourself up for success without breaking the bank. Some effective strategies for doing so might include launching a digital product or service that requires minimal overhead. For example, you could start a blog or podcast and use affiliate marketing to generate income. You could also launch an e-commerce store focused on selling products that have a high profit margin. When it comes to providing services to others, some examples include becoming a consultant, photographer, web developer,  or virtual assistant. If you have a unique skill set or talents that others are willing to pay for, there’s no reason why you can’t start your own business and begin generating an income today. This can help you not only reach your goal of doubling your savings account within 12 months, but also set you up for long-term financial success. Refinance Your Loans To double your savings account in just 12 months, it’s also helpful to look beyond the confines of your current financial situation. One option that may help you accomplish this goal is refinancing some of your debt, which could allow you to free up more cash each month and put those resources toward building your savings. Ideally, refinancing your debt will require that you take out a new, lower-interest loan or line of credit to consolidate your existing debts. This can save you significant amounts of money over time and can even allow you to pay off some loans ahead of schedule. In addition, using the extra cash from refinancing to make additional contributions to your savings account can help you reach your savings goal a lot faster. Planning and Discipline are the Keys to Success To summarize, if you want to double your savings account in 12 months, having a plan and staying disciplined are integral to your success.  Doing so will help you avoid unnecessary spending, live within your means, and save more money each month. While it may seem like a daunting task, remember that you can take small steps to reach your goal.  Automating your savings, finding ways to earn extra money, and refinancing your debt to increase cash flow are all great ways to get started. Article by Jeff Rose, Due About the Author Jeff Rose is an Iraqi Combat Veteran and founder of Good Financial Cents. He teaches people wealth hacking. He is a frequent on CNBC, Forbes, Nasdaq and many other publications. He is author of the book "Soldier of Finance: Take Charge of Your Money and Invest in your Future" where he teaches how he escaped from $20,000 in credit card debt to a life of wealth. Updated on May 10, 2022, 4:26 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 11th, 2022

The Great Crash Of 2022... What Happens Next?

The Great Crash Of 2022... What Happens Next? Authored by Bill Blain via, “That which does not kill us, makes us stronger….” Yesterday’s market meltdown was heralded as a “capitulation trade”, but who knows? What we do know is there an awful lot to worry about, and the conditions for the BIG ONE have been building for decades. Time to re-read The Great Crash, 1929. There is nothing like a 6.30 am swim against the tide on cold, grey morning in muddy near-freezing water to remind you of why we spend so much money on mattresses and warm snuggly duvets. Of course, a swim should have been a wonderful moment to contemplate what the papers are calling the “Capitulation Trade” – as stocks posted their worst day in a couple of years and bonds tumbled…. But… Keeping up my momentum against the building down-tide was my primary concern. Does that mean I missed the opportunity to liquidate my entire account before the end of everything – which might be later this afternoon? Oh dear… On Wednesday, the market welcomed Jay Powell’s 50 bp hike with a relief rally. Yesterday it puked and reversed all its recent gains. What changed? Who knows, but was yesterday really the beginning of the big and negative something we’ve all been waiting for? Maybe, maybe not. Who knows? Who can tell? If I knew I wouldn’t be swimming in dirty cold rivers to stay fit, nor would I be writing about it each morning! The thing is there are market crashes, and there are market crashes. And there are Market Crashes… Confused? You will be, but let me try to explain… Let’s start this morning by taking the lotus position and reciting Blain’s Mantra No 1, 10 times: “The market has but one objective, to inflict the maximum amount of hurt on the maximum number of participants.” Om.. Yesterday’s news rumour mill was working overtime. Despite lining up a whole gang of super-villains to support his Bid, I don’t think Musk will acquire Twitter on this offer. Not just because of the regulators now circling it, but I suspect he’s going to step back and think it through. He’d be daft not to as conditions change… but his credibility is on the line.. so daft it may still be.. Back in the real world, talk of massive investor withdrawls, funds in trouble, banks worried about margin calls, and a host of little horrors. Things like Meta ordering a “hiring freeze as growth slows”, concerns about ARK, Tiger Fund and a billion other little signals things are getting a bit noxious out there.. On the other hand, let us not feign surprise if this overhyped market collapses. We’ve all known markets have been struggling for months. Sentiment is precarious. Momentum has been flat. We’ve been waiting for positive signals to resume the upside, but instead a host of exogenous and endogenous shocks from Ukraine, Energy and Food Inflation, Rate Hikes, QT, tax rises and politics have roiled sentiment. Even Robinhood traders can understand that is people have lower real earnings and savings are stretched, then they won’ consume as much and therefore the economy will slow… Doh.. even my puppy get’s that.. Crashes occur when the voting machine that is the market suddenly shifts, and the “maximum number of participants” find themselves on the wrong side of the move. Often a trigger is needed – like yesterday’s crash caused after the euphoric “buy-the-fact” rally was a replaced by the realisation a) the Fed is hawkish, b) the Fed doesn’t really know… That’s a feature of all good crashes – the folk we think know everything; the brilliant entreprenuers, the leaders of industry, the Titans of Finance, and Megamind Hedge fund managers are exposed as not knowing terribly much… (Or swimming naked as the tide goes out, as someone famous once said…) Crashes are momentum moments. They become a chain reaction: As the shift occurs players worry less about chasing the market higher and start to question why its falling. As they lack information, they wonder what others might now, their core beliefs are shaken, concerns are magnified, sentiment is rocked, fear triggers selling pressure, causing the herd to stampede, and all these behaviour shifts coalesce in a cascading ripple of panic that roils and rolls round the market. Bing, bosh, bank… criticality is reached. Yee Ha! Some crashes occur as a slow correction – when it becomes clear inflated financial assets expectations have been over-egged and that the returns are not as promising as hoped. The game becomes finding the “greater fool” – who will be the buyer at the top of the market as everyone else exits. The “greater fool” will often sell at a loss to another “optimistic idiot” who thinks the asset looks cheap as it falls, but doesn’t really the bubble is well and truly popped. That happened with the Dot.Com bust in 2000 and seems to be happening today with Names in Ark, and busted flushes like Meta and Netaflix. Some crashes occur as a sharp correction, when a massive sentiment bubble unexpectedly pops, causing the market to crash. Such crashes can reverse fairly quickly. The great Hurricane Black Monday Crash of 1987 was such an event – every major market crashed between 20-40%. It came on the back of a 300% rise in global stocks over 5 years, big bang in London, global growth and recovery after the bleak ‘70s, but the trigger was a series of tax changes and a rising trade deficit in the US. Suddenly everyone wanted their money out – triggering a stampede for the exits, and a timely reminder the New York Stock Exchange has 27 doors marked “entry” but only one says “exit”. And some crashes happen because the market has just been fooling itself too long. Imagine a world where massive amounts of central bank liquidity have been juicing stock markets and keeping bond yield low for a decade, where financial assets have been trading a repeated record highs in spite of lethargic economic growth, where the global economy is wracked by supply chain breakdowns, a global epidemic, out-of-control inflation and increasing geopolitical tension and the threat of war? Imagine a world where a single automaker meeting a fraction of the world’s auto demand is worth more and makes less than all the other manufacturers combined? A good example of what is to come might be The Great Crash of 1929. The Great Crash was the inevitable culmination of the gilded boom time of the Twenties, the excesses of the Gatsby era, and a fervent belief the world had changed and unlimited wealth and jobs were the new, new normal. Speculation, most famously in fetid Florida swaps, was rife. Credit was free and easy – and pretty much out of control. Everybody believed.. till the moment they did not. It all went south in October ’29. The inter-day falls were not record breaking, but collectively a 5-Black-day series was the worst collapse in stock market history. There was a mean reversion in the stock market over 3 years completely wiping out all the post-WW1 gains. Critically it triggered years of banking failures and economic decline as bankruptcies’ and corporate failure swept the US. It triggered global depression and ushered in the rise of populism in Europe. Recovery required a war. The initial political responses – like protectionist trade policies in the US – simply made the crash in global trade even more damaging. Eventually it was realised greater financial regulation an oversight was required, while Roosevelt’s new deal went to some to repair the social damage in the US. So let me set Porridge Readers some homework this weekend. Arm yourself with a copy of John Kenneth Galbraith’s fantastic and entertaining book The Great Crash 1929. See if you can spot any parallels.. If not… have you been paying attention? If you want to understand the future.. understand the past.. Tyler Durden Fri, 05/06/2022 - 08:13.....»»

Category: smallbizSource: nytMay 6th, 2022

Despite Republican saber-rattling about the "lawless" leak of a draft Supreme Court opinion, experts say it"s unlikely anyone broke the law

Sharing a seismic draft opinion that would gut Roe v. Wade with the press violated ethical norms but likely didn't run afoul of the law. AP/Jon Elswick GOP lawmakers and the right-wing media have zeroed in on the "lawless" leak of a seismic draft Supreme Court opinion that would overturn Roe v. Wade. They've suggested that the person who leaked the draft broke the law and "should be prosecuted" and "go to jail for a very long time." But legal experts threw cold water on the allegations, saying that while the leak violated ethical norms, it likely didn't break any laws. The seismic reveal of a draft Supreme Court opinion Monday night that would strike down the landmark Roe v. Wade ruling on abortion rights has sent the public and political sphere into a frenzy.While most of the conversation has centered on the enormous impact such a ruling would have on peoples' ability to access safe and legal abortions in the US, the right-wing has zeroed in on the leak itself.Almost immediately, it inspired a game of whodunit among conservatives and those in the right-wing media, many of whom suggested the person who leaked the draft opinion had broken the law.Fox News commentator Laura Ingraham said Monday night that it's "incumbent" on Chief Justice John Roberts to "bring every law clerk before him" and demand that they "give me your phones ... or the FBI. Give me your phones. We want all your accounts ... Look at every device you've ever used and find out who did this."Top congressional Republicans jumped on the bandwagon, with Senate Minority Leader Mitch McConnell describing the leak as a "lawless action" that should be "investigated and punished as fully as possible.""The Chief Justice must get to the bottom of it and the Department of Justice must pursue criminal charges if applicable," he added.GOP Sen. Ted Cruz of Texas also called for an FBI investigation and told reporters the person responsible "should be prosecuted and should go to jail for a very long time."He added that it was "utterly stunning that anyone at the court would leak a draft opinion," and falsely claimed that "in over 200 years of our nation's history, this has never happened and I'm appalled."But as the law professor Jonathan Peters noted Monday, information has leaked out of the high court before, including 1973's Roe v. Wade ruling.And despite conservative saber-rattling about the nature of the leak, experts say it doesn't appear that any law was violated."I am genuinely wondering what authority the FBI has here," the national security lawyer Bradley Moss wrote. "Difficult to identify any realistic criminal violation."Orin Kerr, a law professor at the University of California, Berkeley, echoed that assessment, writing that while there are federal statutes that criminalize leaking classified information, draft Supreme Court opinions don't fall under that category."As far as I can tell, there is no federal criminal law that directly prohibits disclosure of a draft legal opinion," he wrote.He added, however, that "although the leaking itself isn't a crime, there may be a crime somewhere in the bigger picture. For example, perhaps someone or some institution hacked into the computer of someone who had a draft of the opinion. Or maybe someone stole a paper copy of the opinion from someone who had a copy. Both of those are federal crimes."Roberts announced in a statement Tuesday that he had ordered the Supreme Court marshal to spearhead an investigation into finding the source of the leak.David Lat, the author of the Original Jurisdiction newsletter and an expert on the court, told Insider that Roberts' decision to delegate the investigation to the marshal "suggests they are treating it like an ethical and employment issue" and an "internal matter," not a legal one.He also pointed out that the court has a history of stopping short of attaching liability for actions that might stretch the law."It's funny," Lat said. "They're not really fans of creative theories of criminal liability." That said, people familiar with the court's deliberation process stressed that the leak spells trouble for the collegiality and internal trust that justices have traditionally enjoyed."The court can't operate if that happens. This is a major, major leak," a former Supreme Court clerk told Insider. "It's hard to imagine a bigger leak."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 3rd, 2022

Despite conservative saber-rattling about the "lawless" leak of a draft Supreme Court opinion, experts say it"s unlikely anyone broke the law

Sharing a seismic draft Supreme Court opinion that would gut Roe v. Wade with the press violated ethical norms but likely didn't run afoul of the law. AP/Jon Elswick GOP lawmakers and the right-wing media have zeroed in on the "lawless" leak of a seismic draft Supreme Court opinion that would overturn Roe v. Wade. They've suggested that the person who leaked the draft broke the law and "should be prosecuted" and "go to jail for a very long time." But legal experts threw cold water on the allegations, saying that while the leak violated ethical norms, it likely didn't break any laws. The seismic reveal of a draft Supreme Court opinion Monday night that would strike down the landmark Roe v. Wade ruling on abortion rights has sent the public and political sphere into a frenzy.While most of the conversation has centered on the enormous impact such a ruling would have on peoples' ability to access safe and legal abortions in the US, the right-wing has zeroed in on the leak itself.Almost immediately, it inspired a game of whodunit among conservatives and those in the right-wing media, many of whom suggested the person who leaked the draft opinion had broken the law.Fox News commentator Laura Ingraham said Monday night that it's "incumbent" for Chief Justice John Roberts to "bring every law clerk before him" and demand that they "give me your phones ... or the FBI. Give me your phones. We want all your accounts ... Look at every device you've ever used and find out who did this."Top congressional Republicans jumped on the bandwagon, with Senate Minority Leader Mitch McConnell describing the leak as a "lawless action" that should be "investigated and punished as fully as possible.""The Chief Justice must get to the bottom of it and the Department of Justice must pursue criminal charges if applicable," he added.GOP Sen. Ted Cruz of Texas also called for an FBI investigation and told reporters the person responsible "should be prosecuted and should go to jail for a very long time."He added that it was "utterly stunning that anyone at the court would leak a draft opinion," and falsely claimed that "in over 200 years of our nation's history, this has never happened and I'm appalled."In fact, as the law professor Jonathan Peters noted Monday, information has leaked out of the high court before, including 1973's Roe v. Wade decision.Moreover, despite conservative saber-rattling about the nature of the leak, experts say it doesn't appear that any law has been violated."I am genuinely wondering what authority the FBI has here," the national security lawyer Bradley Moss wrote. "Difficult to identify any realistic criminal violation."Orin Kerr, a law professor at the University of California, Berkeley, echoed that assessment, writing that while there are federal statutes that criminalize leaking classified information, draft Supreme Court opinions don't fall under that category."As far as I can tell, there is no federal criminal law that directly prohibits disclosure of a draft legal opinion," he wrote.He added, however, that "although the leaking itself isn't a crime, there may be a crime somewhere in the bigger picture. For example, perhaps someone or some institution hacked into the computer of someone who had a draft of the opinion. Or maybe someone stole a paper copy of the opinion from someone who had a copy. Both of those are federal crimes."Roberts on Tuesday announced in a statement that he had ordered the Supreme Court marshal to spearhead an investigation into finding the source of the leak.David Lat, the author of the Original Jurisdiction newsletter and an expert on the court, told Insider that Roberts' decision to delegate the investigation to the marshal "suggests they are treating it like an ethical and employment issue" and an "internal matter," not a legal one.He also pointed out that the court has a history of stopping short of attaching liability for actions that might stretch the law."It's funny," Lat said. "They're not really fans of creative theories of criminal liability." That said, people familiar with the court's deliberation process stressed that the leak spells trouble for the collegiality and internal trust that justices have traditionally enjoyed."The court can't operate if that happens. This is a major, major leak," a former Supreme Court clerk told Insider. "It's hard to imagine a bigger leak."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderMay 3rd, 2022

How To Start A Business With No Money

Have you ever dreamed of owning a business? I can’t blame you. The advantages, after all, are crystal clear. Mainly, you get to be your own boss, set your own hours, and make a living off of a passion. Because of this, it’s not surprising that about three in five Americans (61 percent) have an […] Have you ever dreamed of owning a business? I can’t blame you. The advantages, after all, are crystal clear. Mainly, you get to be your own boss, set your own hours, and make a living off of a passion. Because of this, it’s not surprising that about three in five Americans (61 percent) have an idea for starting a business, and about a third (34 percent) have had more than one idea. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q1 2022 hedge fund letters, conferences and more Despite this, it remains a dream to many due to funding constraints. In fact, according to Zapier, 63% of Americans haven’t followed through with starting a business due to a lack of funding. To be fair, that’s a valid concern. After all, it costs money to start a business. And, if you’re already on a limited budget, this could further complicate matters. There is some good news though. A business can be started, or even expanded, for free if you think strategically and utilize available resources. Take advantage of what you have. Let’s say that you love pizza. Who doesn’t? But, you’re such an avid pizza fan that you want to have your own pizzeria. Even if you actually know how to make a mouthwatering pie that people would line up for, you need a lot of money upfront. Besides a physical location, you need key equipment like pizza ovens. Simply going the food truck route would also cost a pretty penny. Another option? About taking your passion and knowledge and sharing it with others through a blog. Believe it or not, you can set up your own blog via Blogger or Medium. So, that means you’re only investing your time. And, eventually, when you get a following you can make money with ads and affiliate marketing. That’s just a long way of saying that when starting a new business consider what you have at your fingertips. What unique skills do you currently possess? Do you have any past experience? What areas are you knowledgeable in? Identify your relationships with others, map out your network of contacts, and consider how your connections can assist you in using what you have to your advantage. What are your resources and what can you access? Consider what you have available in greater detail than what springs to mind immediately. And, you should also document your findings so that you take stock of what you already have and how that can assist you. Focus on businesses that require little upfront capital. After considering what you have at your disposal, are there any low-cost business ideas that correspond? Again, if you’re a pizza aficionado, then starting a blog is an obvious business idea that requires little capital upfront. In fact, the number of businesses you can start today requires little or no money initially. Particularly, service-based businesses. A service-based business is one in which you sell services as your primary product. Due to the fact that you won’t be selling products, you won’t need inventory, a shop to manufacture the goods, or a warehouse to store them. Almost any service business can be started on a shoestring budget. Online businesses, especially, are well suited to this. Often, you need nothing more than a computer, an internet connection, and your time. Suggestions would be consulting, freelancing, or dropshipping. There are also so offline ideas like dog walking or being an Airbnb host. Vet your idea. You’re probably going to put money into your idea eventually, even if you’re reinvesting the profits. “Before you put money in your business, make sure you validate your idea within your trusted circle,” says Fahim Sheikh, owner of SaaS company Trellis. “Sometimes, we think we have a great idea, but when we explain it or pitch it to others, we often realize that the concept may be a tough sell.” It’s important to ensure your idea has legs that will make it worth your time and ultimately earn you a profit despite the low startup costs. Calculate essential business expenses. It’s always a good idea to calculate your expected costs before you start a business with no money. Why? Because this will establish a savings goal so you have enough money to get started. Shopify estimates that starting a business with zero employees normally costs $18,000, while up to four employees typically spend $60k during the first year of operation. Shopify’s study included 300 business owners, and the following were the ways they funded their businesses; 198 drew on personal savings 90 reinvested revenue 69 received support from friends and family 63 obtained a personal loan As such, the number one way to start a business is by bootstrapping, so you’ll most likely need some type of personal capital eventually. According to Shopify, businesses should aim to spend a certain percentage of their budget on the following various aspects of the business. Operation: 10%–15% Product: 28%–36% Shipping: 8%–12% Online: 9%–10% Marketing: 7%–12% Team: 14%–30 The good news is that your budget will only be about $1,500 per month for a year’s worth of operation. Now, if you’re starting an online or service-based business, you can drastically reduce these expenses. Take operations, as an example. Instead of paying for Quicken you could use free alternatives like GnuCash. Regardless, at some, you will have to invest in your business. So, it’s not a bad idea to get ahead a start with your savings. Don’t quit your day job. It’s cool to have a big idea. It’s even cooler to actually make that idea a reality. But, let’s be real here. Ideas don’t put food on the table. It’s rarely a good idea to quit your day job and start a business that hasn’t been tested. Moreover, your chances of succeeding are better if you stay employed at your day job. The reason? As you begin and build your business, it will be easier for you to take risks if you have a steady income. Although this may be difficult at first it will help you scale your business faster. Additionally, this gives you the freedom to pursue new opportunities. Additionally, you can invest and grow your business faster with your income. You will also find transitioning from an employee into a business owner much easier once your business begins to thrive. In other words, you should build a solid foundation if you hope to achieve long-term success. How long should you keep your day job? That depends. However, it’s suggested that wait until you have at least six months of expenses saved. It usually takes about six months before you begin to see any cash flow. So, if having this stashed away prevents you from living on credit or depleting your savings. Invest only what you can afford to lose. A golden rule of investing is to never invest money that you can’t afford to lose. And, that definitely also applies to starting a business. You can maintain flexibility in the business by investing only what you can afford to lose. It also reduces stress and prevents overreaching. And, you may never launch your business because you’ll invest only when you expect a specific return. As an example, let’s say that there’s a person who refuses to quit their well-paying job until they find one that pays more. In contrast, one might decide to invest a small amount of money and three years into a project that they’re passionate about — regardless of whether it will pay more than they’re making now. Minimize your spending. When starting a business with no money, lower your costs as much as possible. You can start by taking these steps; Work from home. A business that can be run from home requires less capital than a storefront, warehouse, or office. Enact a spending freeze. Choose a length of time, whether a week, a month or six months, during which you do not purchase any products or services you do not need. Use cheap or free services. WordPress or Wix are free services that allow you to build a basic website and market your business using Facebook or Instagram. For accounting and project management there’s Wave and Wrike respectively. Get free or used equipment. You might be able to get a free computer, for instance, over at FreeCyle. Or, you can head over to EquipNet to scope out used office equipment or furniture. Invest in only what’s essential. Deciphering wants from needs can be tricky. In general, if something is essential to your survival, then it counts as a need. For your business, this should be directly related to revenue generation, such as marketing and training. Get in the trenches. Who else is going to invest as much time, energy, and resources into your business as you? No one. With that in mind, you’re going to have to put in the time and effort as a business owner. What’s more, you’re also going to have to wear multiple hats until you can afford to hire freelancers or employees. You must do everything you can to build a solid base for your new business. Whether that’s learning new skills for free online, making cold calls, writing blog posts, engaging your audience on social media, or attending trade shows. You will also make mistakes when you are in the trenches. In fact, mistake-making is an important element of setting up a new business. Making mistakes is the best way to find out what works and what doesn’t work for you or your business. Having all the groundwork laid beforehand will also make onboarding new employees more convenient. Due to your firsthand experience of what it takes to succeed in your business, you will be able to guide your employees to success. Find alternative funding sources. Despite the fact that you may need little to no money to start a business, there is a good chance you will incur some expenses along the way, especially if you expand. Fortunately, you have several funding options available to you. Friends and family. Prepare a business proposal to help you raise money if you know someone with enough capital to help fund your venture. Most importantly, you should set clear expectations about doing business with family or friends to avoid misunderstandings. Credit cards. While they may be the easiest way to obtain short-term financing, they have some drawbacks as well. One drawback is that they are very expensive. Most cash advances come with high-interest rates. Cash advances are typically charged an upfront fee of between 3% and 5% with credit cards. Business loans. Usually, a bank or alternative lender will make a business loan to a company. Small business loans come with high-interest rates, fees, and repayment terms, so do your research before applying for one. Generally, lenders consider your credit history, business history, annual revenue, and ability to pay back the loan when approving your loan. Home equity loans and home equity lines of credit. If you have sufficient equity in your home and are a homeowner, this will be an option. However, the collateral for the loan is going to be your home. You’re still responsible for the equity loan or line of credit if your business fails. Retirement plan loans. The IRS allows you to borrow up to 50% of your vested interest in your plan, or $50,000. But, you must continue working in order to receive the loan. You will need to repay the loan within 60 days if you leave your job to start your new business venture. Business grants. Business grants are a form of free capital given to companies to help them expand. They come with a number of requirements and stipulations, though. The competition for business grants can be fierce as well. This means that you should only apply for grants that directly relate to your business, such as business grants for women or business grants for minorities. Crowdfunding. Consider crowdfunding (raising money from many donors) if you don’t feel comfortable asking someone to help finance your business. It is possible to raise money through a donation, debt, reward, or equity crowdfunding campaign. Frequently Asked Questions About Starting a Business With No Money 1. Do I have what it takes to start a business? Even if you have an idea for a business, the best place to begin your planning process is to decide whether you have the skills required to start and operate a business An objective assessment of your skills, abilities, and talents as well as an assessment of your strengths, weaknesses, and personal situation are necessary when determining whether you possess business acumen. 2. Can I really start a business for free? Short answer; yes. It is possible to start a low-cost business on a shoestring and scale it up later. It is not unusual for businesses to start small, working from home or online, then expand and hire more employees while finding a larger location. 3. What kind of business should I start? If you’re unsure, you should start something in your area of expertise. You should view the start-up of any business as an investment in your own human potential. Although you could generate income for another company using your skills, you decided that opening a business will be a better option for you. In the same way that you wouldn’t invest in stocks or other investment vehicles outside your comfort zone, you shouldn’t do that with your own strengths. If you choose a business in a category you already know a lot about, starting a business will be easier, even if it’s not always a seamless process. 4. How will I market my business? Marketing your business will be easier if you know your target audience. B2B audiences may respond better to webinars and white papers, while younger audiences may benefit from social media. Understanding where and how you will market your business is crucial before you start a business. Brands that have successfully communicated their value proposition have become world leaders. Defining your unique selling proposition and communicating it to the right people should be your marketing focus before you launch. Poor marketing can be fatal for new companies. 5. When can I expect my business to turn a profit? Generally, it takes between six months and a year to reach profitability. Taking this into consideration, technological advancements and advances in communications have made it very easy to start your own business with almost no overhead, especially in a service-based economy. Here is where the importance of a business plan shines brightest, since a plan will allow you to project your profitability. Article by John Rampton, Due About the Author John Rampton is an entrepreneur and connector. When he was 23 years old while attending the University of Utah he was hurt in a construction accident. His leg was snapped in half. He was told by 13 doctors he would never walk again. Over the next 12 months he had several surgeries, stem cell injections and learned how to walk again. During this time he studied and mastered how to make money work for you, not against you. He has since taught thousands through books, courses and written over 5000 articles online about finance, entrepreneurship and productivity. He has been recognized as the Top Online Influencers in the World by Entrepreneur Magazine, Finance Expert by Time and Annuity Expert by Nasdaq. He is the Founder and CEO of Due. Updated on May 2, 2022, 4:30 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkMay 2nd, 2022

Billionaires Have Always Owned the Media. Musk Is No Great Threat

The explosive announcement that Elon Musk is buying Twitter and taking it private has generated a slew of commentary. While there have been some hosannas, the general tone has tended more toward the apocalyptic, and the most common refrain has been that we are at “peak billionaire” and that Musk’s acquisition reflects a disturbing acceleration… The explosive announcement that Elon Musk is buying Twitter and taking it private has generated a slew of commentary. While there have been some hosannas, the general tone has tended more toward the apocalyptic, and the most common refrain has been that we are at “peak billionaire” and that Musk’s acquisition reflects a disturbing acceleration of not just inequality but of the ability of the very rich to dictate the rules of the public square and hence of democracy itself. The consensus of the commentariat does not equal Truth with a capital T. Nor does the conviction that billionaires buying media companies imperils the free flow of information and debate in a democracy. If you believe, as many do, that the very existence of billionaires represents a failure of capitalism to distribute gains more equitably, then it follows that much of what the very rich do is tainted and likely not in the best interests of the many. In that case, most of what happens in capitalist systems today is at best sub-optimal for a good society. If, however, you accept that there is no perfect human society and that most of us are some messy mix of things that work well and things that are spectacularly awry, then it’s worth asking whether Musk buying Twitter is actually a very good thing for speech and democracy. [time-brightcove not-tgx=”true”] The idea that the free flow of information is imperiled when new mediums are owned by a few wealthy individuals resonates today, but that doesn’t make it so. When William Randolph Heart and Joseph Pulitzer and Cyrus McCormick presided over their early 20th century news empires, their newspapers were undoubtedly partisan, but that was balanced by the fact that none had anything approaching a monopoly, even in individual cities. Today’s commentariat might be forgiven for forgetting such a distant past, but what of the more recent past? In the middle of the 20th century, the news outlets that were held as icons of the free press were by and large owned by…a few wealthy families: the Grahams owned The Washington Post, the Chandlers owned The Los Angeles Times, the Taylors owned The Boston Globe, and, of course, the Sulzbergers owned (and still own) The New York Times. Major media companies that controlled TV stations were likewise owned by a few major wealthy people, such as the Cox family (which still controls a plentitude of cable and TV stations), the Gannet family, and a bit later, the Sinclair family and its hundreds of stations, and, of course, the Murdochs with the Fox Network and The Wall Street Journal (purchased in turn from another wealthy family, the Bancrofts). Read More: What Musk Really Believes He’s Buying With Twitter So, during the two supposed “golden ages” of media, the first in the Progressive Era of the late 19th and early 20th centuries when journalists were part of the great social movement toward reform and government oversight and the second from roughly the 1950s through the 1990s, private ownership by the very rich was typical. When that began to falter in the early 2000s, we saw a massive closing of newspapers and gutting of local newsrooms, especially as ad revenue disappeared thanks to the rise of Facebook and Google. The same pattern happened with magazines, many of which had also been owned by wealthy families. The savior of those ailing properties in the past decade have been, by and large, wealthy individuals: John Henry bought The Boston Globe, Patrick Soon-Shiong bought the Los Angeles Times, Jeff Bezos bought the Washington Post, Laurene Powell-Jobs The Atlantic, Chatchaval Jiaravanon Fortune, and Marc Benioff, of course, Time. That list is hardly comprehensive—most of the papers and platforms you likely read have similar owners, though some aren’t billionaires. Why then is Musk buying Twitter seen as such as dangerous anomaly? In part, it’s because Twitter isn’t a publication distributed in the public square (digitally or physically), it is one of the squares. In that way it’s more like a very big network than a single media property. But it commands nowhere near a monopoly, and if Musk were truly to turn it into a right-wing bro ghetto, it’s more than likely people would turn elsewhere, namely Facebook or Snap or Tiktok, all of which are already bigger than Twitter. Setting up a new social media platform has never been easier, even if doing it well is a challenge (as Trump and his rocky Truth Social launch have demonstrated). In part, however, the reaction to Musk is an explosive reaction to the general ugly tone of public debate, and the fear that the current state of social media is chaotic dissemination of unfiltered content in the name of profit that imperils democracy. That fear is palpable, but here too, that doesn’t mean it’s the right diagnosis of what ails us. The late Sixties and early Seventies were tumultuous, angry, and seemingly on the brink in both the U.S. and Europe when there was no social media, which suggests that the fact that social media is anarchic today doesn’t mean that it is a root cause of all of our collective ailments. Part of the reaction is undoubtedly about the epochal weirdness of Musk himself, and the mercurial unpredictability of his words and actions. And yet, here is a man who has excelled in constructing two mega-companies—Tesla and SpaceX—that requires meticulous attention to process and detail as well as rigorous organization, recruiting and retaining immensely talented people, and high levels of internal and external accountability. Musk’s persona in no way has precluded that and he has in fact enabled the cultures that make sophisticated vehicles whose failure would result in death. That should, at the very least, suggest that as a manager and owner, he does not play fast and loose. Finally, before this recent crop of wealthy individuals stepped in and bought these media properties and platforms, their ability to function as robust clearinghouses of information was becoming increasingly hampered by their inability to make a profit. Compared to the net worth of their new owners, these platforms and publications are mostly rounding errors: Bezos bought the Washington Post for $250 million, which was a fraction of his multi-billion net worth at the time. They bought these properties not to make money but to gratify either their ego or because of some sense of noblesse oblige that having a flourishing marketplace of ideas is simply a good thing for society. And judging from the past decade, as these publications and platforms have rebounded with the investments made by their wealthy private patrons, their ownership by a few wealthy people has been far healthier for a vibrant society than what came immediately before. Even if we don’t like these billionaires owning these publications, what’s the alternative? Government control? DAO-owned magazines? Twitter will cost Musk and his backers considerably more, but they will still be free to run the platform without the relentless pressure of Wall Street to generate profit and margins according to the dictates of fickle public markets. The fear that Musk will somehow turn Twitter into his personal megaphone belies that fact that it already is—and that’s true for many others, too. And the fear that he will turn Twitter into an ungovernable sphere of false information belies the fact that in many ways it currently is just that, along with a magnificent sphere for finding information and like-minded people and groups. Musk claims that he is dedicated to making that space better for speech; perhaps that will prove false, but that critique should come once that is clear, not in advance. There is nothing new about someone with great wealth buying a media platform. A look through the past decades suggests that free speech is often enabled by wealthy patrons. The uproar over Musk is predictable in our culture of outrage, but let’s pause our high dudgeon and see how this plays out before writing the obituaries and shrill pronouncements that perform so well on Twitter but do so little to advance our understanding of the world we are living in......»»

Category: topSource: timeApr 27th, 2022

The best new books to read in 2022, based on your zodiac sign

Whether you're an independent Aries or connection-driven Gemini, here are great 2022 book recommendations based on your zodiac sign. Prices are accurate at the time of publication.Whether you're an independent Aries or connection-driven Gemini, here are great 2022 book recommendations based on your zodiac sign.IStock PhotoWhen you buy through our links, Insider may earn an affiliate commission. Learn more. With so many great books to choose from, finding a great read can be overwhelming. To help, here are newly released 2022 book recommendations based on your astrological sign. These picks include exciting new fiction and nonfiction reads in 2022. With so many amazing books on the market, it can feel impossible to choose the one you know you'll enjoy. As a Leo who doesn't fiercely crave the spotlight, I know our astrological signs don't create a flawless, spot-on image of who we are. But they can offer intriguing insights into what motivates or interests us.These 2022 books focus on great characters, stunning writing styles, and unique plots that mirror zodiac personality traits for each sign. So whether you're an independent Aries or connection-driven Gemini, here are 3 great 2022 book recommendations based on your zodiac sign. Learn more about how Insider Reviews reviews and researches books.The best 2022 books to read, based on your zodiac sign:Aries"The Memory Librarian" by Janelle MonáeAmazon"The Memory Librarian" by Janelle Monáe, available on Amazon and Bookshop, from $23.99This collection of science fiction short stories begins with Jane 57821, who decides to break free from a world in which your thoughts can be controlled and erased by a select few. As a  natural leader that craves leadership and freedom, Aries will love the powerful characters rising against a totalitarian landscape in this inspired and artistic read."The Verifiers" by Jane PekAmazon"The Verifiers" by Jane Pek, available on Amazon and Bookshop, from $14.59Featuring a strong, quick-witted heroine with which Aries can easily identify, "The Verifiers" is a mystery that follows Claudia Lin, an amateur sleuth who's just been recruited to work for an online-dating detective agency. In a story that will appeal to Aries' bold and brave nature, Claudia has to break protocol to investigate when someone goes missing."The Lost Dreamer" by Lizz HuertaAmazon"The Lost Dreamer" by Lizz Huerta, available on Amazon and Bookshop, from $14.99In this debut YA fantasy, Indir is a Dreamer whose existence is threatened when a new king seeks to bring her kind to a permanent end and Saya is a seer who discovers she has more than one gift. Aries will love these two determined trailblazers as they face impossible choices, new frontiers, and high-stakes risks in this supernatural read inspired by ancient Mesoamerica.Taurus"The Nineties" by Chuck KlostermanAmazon"The Nineties" by Chuck Klosterman, available on Amazon and Bookshop, from $17.78This new nonfiction read revisits 1990s America, recognizing the accelerated cultural revolution that occurred before convenience technology crept into everyday life. While "The Nineties" is a fascinating analysis of a decade of social rifts and shifts, Tauruses will revel in the nostalgia and the "good old days" feelings from which they've never quite let go."Homicide and Halo-Halo" by Mia P. ManansalaAmazon"Homicide and Halo-Halo" by Mia P. Manansala, available on Amazon and Bookshop, from $13.39"Homicide and Halo-Halo" is a cozy, tasty mystery novel about Lila Macapagal, whose summer is turned upside down when a resurrected local beauty pageant leads to the murder of a judge. Taurus readers will love to settle into the comfort of this foodie mystery novel as Lila and her old rival put aside their past to solve the case."House of Sky and Breath" by Sarah J. MaasAmazon"House of Sky and Breath" by Sarah J. Maas, available on Amazon and Bookshop, from $17.74"House of Sky and Breath" is the stunning fantasy sequel to "House of Earth and Blood." In this novel, the dust has just begun to settle around Bryce Quinlan and Hunt Athalar when they get pulled into rebel plans and must continue to fight for what's right. Tauruses will revel in the sheer beauty of this book, both inside and out, and enjoy the familiarity of a continued but equally captivating story.Gemini"All My Rage" by Sabaa TahirAmazon"All My Rage" by Sabaa Tahir, available on Amazon and Bookshop, from $12.99While "All My Rage" will certainly appeal to Geminis because of its multiple storylines that stretch generations and continents, it's the connection between characters that will truly speak to Gemini readers. Sal and Noor were as close as family members until a terrible fight split them apart. Now, as each former friend struggles against personal and familial trials, they must weigh the value of friendship against what once divided them in this story of family, loss, and forgiveness."Gallant" by V.E. SchwabAmazon"Gallant" by V.E. Schwab, available on Amazon and Bookshop, from $14.95When a strange letter invites Olivia Prior home to the secret-laden Gallant, she accidentally finds herself on the other side of a ruined wall, in a strange alternate version of the world she just left. As they are curious and extremely adaptable, Gemini readers will love to follow Olivia as she unravels generations of secrets and tries to find the place she belongs."Don't Cry for Me" by Daniel BlackAmazon"Don't Cry for Me" by Daniel Black, available on Amazon and Bookshop, from $22.48As Jacob lies on his deathbed, he begins to write letters to his estranged son, Isaac, pouring out truths from his heart and ancestral stories he believes his son should know. Geminis, who are natural communicators and expressive with their emotions, will undoubtedly cherish this hopeful and authentic story of empathy, reconciliation, and forgiveness.Cancer"Black Cake" by Charmaine WilkersonAmazon"Black Cake" by Charmaine Wilkerson, available on Amazon and Bookshop, from $17.81Cancers are family-oriented and drawn to nurturing, so the moving familial story of "Black Cake" is sure to be a great pick for this water sign. In the wake of their mother's passing, Byron and Benny are left with a voice recording and a family recipe for a traditional Caribbean black cake. As the once-close siblings attempt to fulfill their mother's final wish, they embark on a journey of inheritance, family history, and motherhood."Book Lovers" by Emily HenryBookshop"Book Lovers" by Emily Henry, available on Amazon and Bookshop, from $14.99With their hard shell and soft interior, it's easy to know Cancers will love an enemies-to-lovers romance. Nora Stephens is a cutthroat literary agent ready to become the heroine of her own story when she takes a trip with her sister to Sunshine Falls, North Carolina. Hundreds of miles from the city, Nora still manages to run into editor Charlie Lastra, with whom she's had more than her share of unpleasant interactions, but can't seem to avoid in this bookish romance."Vinyl Moon" by Mahogany L. BrowneAmazon"Vinyl Moon" by Mahogany L. Browne, available on Amazon and Bookshop, from $14.53As Angel attempts to heal from a painful incident that led her to Brooklyn and away from her California life, she manages to find healing in her literature course, amongst the prose of Black writers. As Cancers are sensitive but protective of their emotions, Angel's story will resonate with Cancer readers as she allows herself to become immersed in words and slowly heal from her past. Leo"The Paris Apartment" by Lucy FoleyAmazon"The Paris Apartment" by Lucy Foley, available on Amazon and Bookshop, from $18.16Lucy Foley's newest twisty thriller, set in a Parisian apartment surrounded by eclectic and mysterious neighbors, is a great pick for any drama-loving Leo. When Jess is in need of a fresh start, her half-brother apathetically agrees to let her stay with him for a while but seems to be missing once she turns up at his apartment. As Jess begins to investigate his strange disappearance, it soon becomes clear that every neighbor is a suspect with their own secrets. "Run Rose Run" by James Patterson and Dolly PartonAmazon"Run Rose Run" by James Patterson and Dolly Parton, available on Amazon and Bookshop, from $18.00Co-written by a musical legend and one of the bestselling authors of all time, "Run Rose Run" is a fast-paced mystery about a young girl who comes to Nashville to rise to the top while outrunning her past. Leo readers will root for AnnieLee Keyes while reveling in the danger, drama, and desire of this page-turner. "Ramón and Julieta" by Alana Quintana AlbertsonAmazon"Ramón and Julieta" by Alana Quintana Albertson, available on Amazon and Bookshop, from $14.40Celebrity Chef Julieta Campos is fighting against a bitter rivalry, rising tensions, and a surprising connection to her new landlord, Ramón, to save her beloved taqueria. Strong, ambitious, and determined Leos are sure to love this contemporary retelling of "Romeo and Juliet" as Ramón and Julieta must decide if they'll allow rivalries to divide them or allow love to bring them together. Virgo"To Paradise" by Hanya YanagiharaBookshop"To Paradise" by Hanya Yanagihara, available on Amazon and Bookshop, from $20.18Internally emotional and detail-oriented Virgos will find themselves easily immersed in "To Paradise", a powerful literary novel that spans three centuries from an alternate 1893 reality, to 1993 Manhattan submerged in the AIDS epidemic, to a totalitarian future in 2093. As the three sections of this incredible novel come together, the characters connect through their perfectly flawed humanity."The Intersectional Environmentalist" by Leah ThomasBookshop"The Intersectional Environmentalist" by Leah Thomas, available on Amazon and Bookshop, from $20.99Since Virgos are intellectual and resourceful problem-solvers, "The Intersectional Environmentalist" is a great nonfiction pick for Virgo readers. In this book, Leah Thomas demonstrates how minorities, especially BIPOC, are significantly more impacted by environmental injustices. Both an informational read and a call to action, this book shows how the fight for civil rights and our environment are irrevocably intertwined."What My Bones Know: A Memoir of Healing from Complex Trauma" by Stephanie FooAmazon"What My Bones Know: A Memoir of Healing from Complex Trauma" by Stephanie Foo, available on Amazon and Bookshop, from $23.99"What My Bones Know" is a powerful memoir about Stephanie Foo's journey to understand the years of abuse and generational trauma that led to her diagnosis of complex PTSD. Because Virgos are compassionate and driven to understand and support others, Stephanie Foo's deeply personal and heavily researched memoir will affect Virgio readers with a painful but hopeful and enlightening story. Libra"Weather Girl" by Rachel Lynn SolomonAmazon"Weather Girl" by Rachel Lynn Solomon, available on Amazon and Bookshop, from $11.99This charming new love story is perfect for eternally romantic Libras. Ari Abrams and Russell Barringer work together on a news team, both subjected to the constant conflict of their divorced bosses. After a calamitous work party, Ari and Russell decide to secretly meddle in their bosses' issues in the hopes of mending their relationship until their plan backfires and they realize the real chemistry might be between them instead."The Violin Conspiracy" by Brendan SlocumbAmazon"The Violin Conspiracy" by Brendan Slocumb, available on Amazon and Bookshop, from $17.88When Ray McMillian's prized family heirloom violin is stolen just before an international competition, his dreams of becoming a professional musician seem to be crushed. Libras, who value fairness and balance, will root for Ray as others, from family to foe, try to claim the precious violin as their own."Fiona and Jane" by Jean Chen HoAmazon"Fiona and Jane" by Jean Chen Ho, available on Amazon and Bookshop, from $16.99Social and diplomatic Libras will love "Fiona and Jane," an alternating collection of short stories that illuminate two best friends who drift in and out of each other's lives over two decades. Best friends through childhood and adolescence, Fiona and Jane are separated by distance and betrayals but brought together by a multi-layered friendship in this contemplative read.Scorpio"An Arrow to the Moon" by Emily X. R. PanAmazon"An Arrow to the Moon" by Emily X. R. Pan, available on Amazon and Bookshop, from $16.99When a new boy named Hunter Yee upends Luna Chang's life, their shared family secrets and hostility will bring them together in the face of an uncertain future. As Scorpios are intense and passionate, this magical retelling of "Romeo and Juliet" mixed with Chinese mythology will draw them in as Hunter and Luna are torn between fate and love. "Time Is a Mother" by Ocean VuongAmazon"Time Is a Mother" by Ocean Vuong, available on Amazon and Bookshop, from $21.22"Time Is a Mother" is a deeply emotional, intimate, and slowly rejuvenating collection of poems that will speak to Scorpios' brooding and powerfully emotional side. In these poems, Ocean Vuong grapples with grief, loss, and restoration in the wake of his mother's passing."Sea of Tranquility" by Emily St. John MandelAmazon"Sea of Tranquility" by Emily St. John Mandel, available on Amazon and Bookshop, from $17.38Since Scorpios crave psychological depth, "Sea of Tranquility" is sure to connect with their powerful mind. This epic, genre-bending tale illuminates humanity as it follows characters across time and space from the Canadian wilderness in 1912 to a writer who has left her colony on the moon to travel the Earth on a book tour. This novel is simply mesmerizing as Emily St. John Mandel creatively weaves three main stories into a transcendent work of fiction.Sagittarius"Violeta" by Isabel AllendeBookshop"Violeta" by Isabel Allende, available on Amazon and Bookshop, from $24.99Born in 1920, Violeta's 100-year life is marked by revolutionary events, from the Great Depression to suffrage to personal heartbreak and great joy, outlined in this novel as she tells her incredible life story in a letter to her grandson. Because Sagittariuses crave exploration that leads to personal expansion, this historical fiction epic is sure to dazzle."The Cartographers" by Peng ShepherdAmazon"The Cartographers" by Peng Shepherd, available on Amazon and Bookshop, from $25.19When Nell Young's legendary cartographer father is found dead in his office, she finds an incredibly rare and valuable map, possibly the last copy in the world. With a passion of her own for cartography, Nell sets out to uncover the secrets behind the map, her father, and the fight that tore their relationship apart. Sagittarius readers love adventure and anything that helps them understand the world better, so this new fantasy would make a great read."How High We Go in the Dark" by Sequoia NagamatsuAmazon"How High We Go in the Dark" by Sequoia Nagamatsu, available on Amazon and Bookshop, from $19.97"How High We Go in the Dark" is an intricately told story about an accidentally unleashed Arctic Plague that devastates and reshapes humanity. Following a series of loosely connected characters and unique stories, this science fiction book is great for Sagittarius readers, who are curious explorers always seeking new ideas.Capricorn"How to Be Perfect: The Correct Answer" to Every Moral Question by Michael SchurAmazon"How to Be Perfect: The Correct Answer" to Every Moral Question by Michael Schur, available on Amazon and Bookshop, from $23.14Since they're always searching for the answer to success, "How to Be Perfect" is a great new nonfiction read for Capricorns. Funny and thought-provoking, this philosophical book analyses complex ethical questions and searches for an ultimate "right" answer to each one through different insightful perspectives. Plus, Capricorns love having a greater perspective and finding a balance where success meets emotional and spiritual truths."The Atlas Six" by Olivie BlakeAmazon"The Atlas Six" by Olivie Blake, available on Amazon and Bookshop, from $17.41This super popular fantasy book is about the Alexandrian Society, a secret and revered group of magical academicians that only considers six magicians per decade to attempt initiation into their society of wealth, power, and prestige. Drawn to all of these attributes, Capricorns will love to follow the six newest candidates as they fight to prove themselves and survive amongst their greatest rivals. "What the Fireflies Knew" by Kai HarrisBookshop"What the Fireflies Knew" by Kai Harris, available on Amazon and Bookshop, from $18.20When KB and her sister, Nia, are sent to live with their estranged grandfather, they are still grappling with their father's death and the loss of their family home. With a disconnected family, sometimes-friendly neighbors, and a looming feeling of loneliness, KB must make sense of the pieces of her new, challenging life in this coming-of-age novel that Capricorns will cherish because of their own determination to succeed despite adversity.Aquarius"Wahala" by Nikki MayAmazon"Wahala" by Nikki May, available on Amazon and Bookshop, from $18.73Social and fascinated by group dynamics, Aquarius readers will love this novel about Ronke, Boo, and Simi, who each have very different lives but are kept close by their deep and longstanding friendship. When the charismatic Isobel arrives and begins to infiltrate their small circle, chaos slowly ensues and threatens to dismantle relationships, aspirations, and trust in this entertaining read. "Moon Witch, Spider King" by Marlon JamesBookshop"Moon Witch, Spider King" by Marlon James, available on Amazon and Bookshop, from $23.99In this sequel, Sologon, the 177-year-old Moon Witch, fights to tell her side of the magical and unforgettable story from "Black Leopard, Red Wolf." Curious, grounded, and proud to stand out from the pack, Aquarius readers will appreciate Sologon's perspective and crave to understand the reasoning behind her actions."South to America: A Journey Below the Mason Dixon to Understand the Soul of a Nation" by Imani PerryAmazon"South to America: A Journey Below the Mason Dixon to Understand the Soul of a Nation" by Imani Perry, available on Amazon and Bookshop, from $23.16"South to America" anecdotal history of the American South is a great pick for Aquariuses, as they seek knowledge to better understand the world in order to make a powerful difference. This nonfiction read uses personal, political, and historical stories to demonstrate that the key to a greater, more equitable future lies in understanding the complexities of the South.Pisces"One Italian Summer" by Rebecca SerleBookshop"One Italian Summer" by Rebecca Serle, available on Amazon and Bookshop, from $16.08Pisces are known for their emotional and intuitive nature and walking the line between fantasy and reality, so "One Italian Summer" is the perfect Pisces read. This book uses magical realism to bring Katy's story to life as she adventures on a mother-daughter trip alone shortly after her mom passes away. On the magical and alluring Amalfi Coast, Katy can somehow see her mother and get to know her as the young woman she once was."You Truly Assumed" by Laila SabreenAmazon"You Truly Assumed" by Laila Sabreen, available on Amazon and Bookshop, from $15.15In "You Truly Assumed", a terrorist attack and growing Islamophobia brings three Black Muslim girls together over a blog used as an outlet and support system for a community of Muslim teens across the country. As Pisces readers are deeply compassionate and empathetic, the characters in this YA novel will resonate as they push back against the threats and hatred they receive in the fight to create a safe space for themselves and other Muslim teens."You Made a Fool of Death with Your Beauty" by Akwaeke EmeziBookshop"You Made a Fool of Death with Your Beauty" by Akwaeke Emezi, available on Amazon and Bookshop, from $24.30Five years after the accident that killed the love of her life, Feyi Adekola wants to ease into dating again when she's whisked into a whirlwind summer of romance and luxury, complicated by an off-limits potential relationship that leaves her searching for real answers. Pisces are sure to love the passion in Akwaeke Emezi's writing and want to follow Feyi to the very last page as she seeks joy and healing after loss. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderApr 25th, 2022

Global Markets Tumble On Hawkish Central Bank Anguish, China Lockdown Fears

Global Markets Tumble On Hawkish Central Bank Anguish, China Lockdown Fears The global selloff that started in Asia, sending China's CSI300 plunging to the lowest level since May 2020, slamming the offshore yuan below 6.60 and sparking a liquidation in oil and cryptos amid fears that the Shanghai lockdown will spread to the capital Beijing and lead to an even greater slowdown in the global economy... ... has quickly spread around the globe, slamming not just European markets but US equity futures which slid as much as 1% as traders fretted over the prospects of aggressive tightening by the Federal Reserve, Chinese lockdowns and disappointing earnings. S&P 500 futures were down 0.9% as of 7:00am EDT after plunging 2.8% on Friday, while Nasdaq futures retreated 0.8%, with the rout hammering tech stocks especially hard. Some context: the Nasdaq 100 Index has erased about $1 trillion in market value since Netflix released disappointing earnings and is closing in on oversold levels; the tech-heavy FANGMAN basket has lost $2.4 trillion in market cap from 2021 ATH as Netflix and Facebook  Meta, have lost most of their gains from past 5yrs. Remember when Facebook hit the $1tn market cap club in 2021? Now it’s worth exactly half that. But now the tech bear market is finally spreading all US stocks which closed at their lowest levels in more than a month on Friday as fears over a more aggressive Federal Reserve tightening cycle led to broad-based selling. Investors are entering another busy week for big technology companies’ earnings, with Alphabet, Microsoft, Meta Platforms, Paypal and Apple all reporting results although don't expect some miraculous surge. Investor mood was already morose after Fed chair erome Powell’s hawkish comments last week hurt sentiment already sapped by the war in Ukraine, a slowdown in China and the risks inflation poses to company earnings, according to Michael Hewson, chief analyst at CMC Markets in London. “The final straw appears to be a concern about the prospect of a policy mistake by central banks, and a possible recession by the end of the year,” he said. One sole glimmer of green, Twitter shares, rose 0.6% in premarket trading after a WSJ report that Elon Musk met with the social media platform’s executives on Sunday as the company turns more receptive toward the billionaire’s $43 billion takeover offer. As discussed earlier, U.S.-listed Chinese stocks fell in premarket trading as expanded Covid lockdown measures in major Chinese cities spark concerns over the country’s growth outlook. Pinduoduo led a decline in American depositary receipts, down 4.7% in premarket trade. E-commerce peers Alibaba Group fell 3.9% and lost 2.5%. Electric carmakers including Nio and Li Auto also fell. The weakness tracks a 4.9% slump in China’s CSI 300 Index, which closed at its lowest level in two years. Here are some other notable premarket movers: U.S.-listed Chinese stocks look set to open lower on Monday as expanded Covid lockdown measures in major cities sparked concerns over the country’s economic growth outlook. Pinduoduo (PDD US) led a decline in American depositary receipts, down 4.7% in premarket trade. E-commerce peers Alibaba (BABA US) fell 3.9% and (JD US) lost 2.5%. Electric carmakers including Nio (NIO US) and Li Auto (LI US) also fell. AT&T (T US) reinstated with a buy rating at Goldman Sachs with the focus turning to the telecom giant’s core business, while the broker cuts its rating on Verizon (VZ US) on valuation grounds. AT&T up 0.6% in premarket, Verizon -1.4%. Cenntro Electric (CENN US) rises as much as 22% premarket ahead of the electric-vehicle company’s quarterly update due after the close on Monday. Kellogg (K US) was downgraded to hold from buy at Deutsche Bank, which stays cautious and below consensus ahead of 1Q22 results because of headwinds including worsening inflation and supply chain disruptions. Shares down 1.4% in premarket. Morgan Stanley says DoorDash (DASH US) is the “best executor around” among food delivery companies, but awaits a better entry point as initiates at equal-weight with Street- low $100 target. Shares down 1.1% in premarket on low volume. GoDaddy (GDDY US) upgraded to overweight at Piper Sandler on strong free cash flow potential, with the broker cutting its ratings on (WIX US) and Squarespace (SQSP US) in a rejig of its digital presence coverage. GoDaddy little changed in premarket, and Squarespace not traded. Coca-Cola and Activision Blizzard are among companies reporting earnings today. In Europe, markets are under heavy pressure: Euro Stoxx 50 drops as much as 2.6% with several other core indexes down over 2%. Spain’s IBEX outperforms. Miners are the weakest performers with the Stoxx 600 sector down over 5%. Energy and consumer products and services similarly lag.  Europe’s Basic Resources Index  crashed 6%, and was set for the worst daily drop since March 2020. Here are some of the biggest European movers today: Ubisoft shares rise as much as 12% after Bloomberg reported the video-game publisher is attracting takeover interest from private equity firms including Blackstone and KKR. Garanti stock rallies as much as 5.6% after parent BBVA sweetened its voluntary offer for the Turkish lender and the unit said 1Q net income tripled. Biogaia shares rise as much as 9.6% after the Swedish food-additives and supplements maker published preliminary 1Q sales figures, which included a large beat on operating profit and net sales. Barco shares rise as much as 4.2% after the projector maker’s Cinionic JV won a contract to install laser projectors in 3,500 U.S. auditoriums of cinema chain operator AMC. The Stoxx 600 Basic Resources and Energy sub- indexes both slumped on Monday amid broad declines for commodities prices on concerns that a growing Covid-19 outbreak in China will hit demand. Shell -4.5%, TotalEnergies SE -3.1%, Glencore -6.0%, Anglo American -6.5% Philips stock falls as much as 11% after publishing its latest earnings, where higher provisions related to its recall of Dreamstation breathing machines overshadowed better-than-expected 1Q sales. Roche shares fell as much as 3.6% after the Swiss pharma company reported mixed first quarter results. Sales beat expectations due to a boost to the diagnostics division, while the pharmaceutical unit missed. As we reported on Sunday, the big news out of France is that Macron won the second round of the Presidential Election with 58.6% of the vote vs Le Pen at 41.4%, while Le Pen conceded defeat after the initial projections, according to Reuters and Sky News. Elsewhere, ECB President Lagarde commented that interest rate hikes will not lower energy prices, according to Barron’s. ECB policymakers are said to be keen to finish bond purchases as soon as possible and possibly hike rates in July but no later than August, while they are leaning towards two rate moves this year with three also a possibility, according to Reuters sources. However, an ECB spokesperson declined to comment on the timing of ending bond purchases and potential interest rate increases. The EU is said to prepare the creation of a new trade and tech council with India, according to FT sources. The new forum could be unveiled on Monday during the European Commission President’s visit to India. Earlier in the session, Asian stocks slumped the most since March 11 as China’s worsening Covid-19 outbreak and a looming rate hike by the Federal Reserve hurt risk sentiment.  The MSCI Asia Pacific Index fell as much as 2.2% Monday, setting off a grim start to the region’s busiest week for earnings. The biggest drags were technology stocks sensitive to higher interest rates, including Taiwan Semiconductor Manufacturing, Alibaba and Tencent.  Equities in mainland China and Hong Kong were among the region’s worst performers. Chinese stocks slid to a two year low amid fears that rising infections in Beijing may spur an unprecedented city-wide lockdown of the capital. The Chinese regulator also ordered platform companies to better handle online violence, dragging tech stocks lower. READ: China Lockdown Angst Rips Through Markets as Stocks, Yuan Plunge The lockdowns that have now expanded to parts of Beijing will “cause a logistical problem that’s going to affect not just China but also the rest of the world,” Jeffrey Halley, Asia Pacific senior market analyst at Oanda, said in an interview with Bloomberg TV.  With no signs of change in Covid zero policy and very little in terms of actual stimulus, “that all points to lower China stocks and we are going to see a weaker yuan going forward,” he added. Investors are also on guard for corporate earnings. Stock-market heavyweights including Kweichow Moutai in China and Samsung Electronics in South Korea are expected to release first-quarter results this week.   With a number of Fed speakers recently showing support for 50-basis-point hikes, tech shares led declines of major gauges in the region. Taiwan’s Taiex dropped 10% from its January high.   Japanese equities dropped, extending a global selloff amid prospects for aggressive U.S. interest-rate hikes and a worsening Covid outbreak in China. Electronics and machinery makers were the biggest drags on the Topix, which fell 1.5%, with 32 of 33 industry groups in the red. Fast Retailing and SoftBank Group were the largest contributors to a 1.9% loss in the Nikkei 225. Indian stocks also fell, joining their peers across Asia, as appetite for risk waned amid renewed concerns over Covid infections and its possible impact on business growth.  The S&P BSE Sensex dropped 1.1% to 56,579.89, while the NSE Nifty 50 Index slipped 1.3% to 16,953.95. Reliance Industries Ltd. lost 2.3%, the most in seven weeks. It was the biggest drag on the Sensex, which saw 23 of its 30 stocks trading lower.   All but one of 19 sectoral sub-indexes compiled by BSE Ltd. declined, led by a gauge of metal stocks.  The continued war in Ukraine and fears of a wider lockdown in Beijing are weighing on sentiment, already impacted by the risk of a global slowdown as the U.S. Fed raises rates to tame inflation. Of the six Nifty 50 firms that have announced results so far, four have missed, while two have beaten analyst estimates. Bajaj Finance, Hindustan Unilever, Axis Bank are among the companies releasing Jan-March earnings this week.  With risk off, safe havens were mostly bid: Treasuries advanced across the curve, with yields on the belly falling about 10bps and 10Y yields sliding 8bps to 2.833%. The belly of the UST curve outperforms by 1-2bps. Peripheral spreads widen to core with 10y Italy lagging peers on the rally. European bonds advanced, yet underperformed Treasuries; the spread between French 10-year bond yields and German equivalents tightened at the open after President Emmanuel Macron was re-elected as French president, only to widen as haven demand supported bunds. IG dollar issuance slate empty so far; preliminary estimates are for around $25 billion this week. •    Three-month dollar Libor +1.11bp to 1.22486%. In FX, the Bloomberg Dollar Spot Index rose a third day to the highest level since May 2020; the greenback advanced against all of its Group-of-10 peers apart from the yen and the Swiss franc; AUD and NZD lag G-10 peers. USD/JPY holds above 128. The euro fell to its lowest level versus the dollar since March 2020, erasing earlier gains amid broader greenback strength.  The pound slumped to the lowest versus the dollar since September 2020 and gilts advanced. The Aussie was the worst G-10 performer amid fears over the outlook for China’s demand for iron ore and with the selloff boosted by options-related selling. The yen rose, as concerns about the economic impact of accelerating U.S. rate increases put a pause on the recent aggressive selling of the currency. Japan’s government bonds tracked Treasuries higher with support from purchases by the Bank of Japan. Perhaps most importantly, the yuan - which until now had resisted any weakness - plunged again, dropping to the lowest level in 17 months as the offshore yuan dropped below 6.60 the lowest level since Nov 2020, spurring a selloff in emerging-market currencies. In commodities, crude futures sold ell off with WTI down over 4% and back on a $97-handle. Base metals are similarly deep in the red. Spot gold drops ~$14 to trade near $1,916/oz. Monday’s pullback in the soaring price of commodities since Russia’s invasion of Ukraine has done little to assuage concerns about runaway inflation. Fed Jerome Powell had outlined his most bold approach yet to reining in surging prices and the European Central Bank signaled stronger tightening. Bitcoin continued to tumble alongside the broader crypto market, even though the harder the stocks fall and the more the Fed tightens, the more it will eventually have to ease, unleashing the next surge higher in cryptos which we expect to push bitcoin over $100,000 and Ether over $10,000. Looking at the calendar, the economic data slate includes March Chicago Fed national activity (8:30am) and April Dallas Fed manufacturing activity(10:30am); consumer confidence, GDP, PCE deflator and University of Michigan sentiment are ahead this week. Today we will earnings from Coca-Cola, Activision Blizzard, Vivendi. Market Snapshot S&P 500 futures down 0.7% to 4,235.25 STOXX Europe 600 down 1.8% to 445.31 MXAP down 2.0% to 166.02 MXAPJ down 2.4% to 546.02 Nikkei down 1.9% to 26,590.78 Topix down 1.5% to 1,876.52 Hang Seng Index down 3.7% to 19,869.34 Shanghai Composite down 5.1% to 2,928.51 Sensex down 1.0% to 56,637.35 Australia S&P/ASX 200 down 1.6% to 7,473.28 Kospi down 1.8% to 2,657.13 German 10Y yield little changed at 0.89% Euro down 0.4% to $1.0751 Brent Futures down 4.4% to $101.96/bbl Gold spot down 0.6% to $1,920.54 U.S. Dollar Index up 0.20% to 101.43 Top Overnight  News from Bloomberg China’s coronavirus outbreak worsened as rising cases in Beijing sparked jitters about an unprecedented lockdown of the capital, with policy makers racing to avert a Shanghai-style crisis that’s already wrought havoc on the financial hub China must take stronger action to boost growth above 5% in the second quarter, said a central bank adviser who warned the country needs to lay a foundation for achieving its full-year target in the face of rising economic risks A sustained and substantial increase in U.S. real yields would be bad news for developing nations as it typically boosts the dollar and sucks capital out of riskier assets, like in 2008 and 2013 The U.S. announced it would start sending diplomats back to Ukraine and provide more military aid as Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin visited Kyiv late on Sunday night, in the highest- level U.S. visit to the war-torn country since Russia invaded China’s central bank stepped up its support for several distressed developers by allowing banks and bad-debt managers to loosen restrictions on some loans to ease a cash crunch, according to people familiar with the matter A more detailed look at global markets courtesy of Newsquawk APAC stocks traded negatively after last Friday's stock rout on Wall Street with risk sentiment hampered by holiday closures, China's COVID-19 woes and as participants brace for a busy week of key earnings releases. Nikkei 225 shed around 500 points with sentiment not helped by several earnings guidance downgrades and with Nissan shares were hit as alliance partner Renault mulls selling a partial stake in the Japanese automaker. Hang Seng and Shanghai Comp underperformed on the COVID situation after daily deaths in Shanghai rose again and with the city to conduct another round of mass testing, while Beijing also scrambles to contain an outbreak with its Chaoyang district to require residents and workers to undergo three COVID-19 tests this week. Top Asian News Asia Stocks Fall Most in Six Weeks as China Outbreak Worsens China Woes Stoking Inflation Angst Set to Weigh on the Euro Shimao Unit Proposes to Pay Down Puttable Bond Faster: REDD Loan Curbs Eased for Distressed Developers: Evergrande Update European cash markets kicked off the week lower across the board with a relatively broad-based performance seen across the majors. Sectors are lower across the board with a clear defensive tilt: Energy and Basic Resources sit at the bottom of the bunch amid hefty downside in underlying commodities. Stateside futures are lower in tandem with the broader market sentiment, whilst the NQ is slightly more cushioned by the earlier decline in yields. Twitter is reportedly re-examining Elon Musk’s bid and be more receptive to a deal with the sides meeting on Sunday to discuss the proposal. It was separately reported that Twitter is facing increasing shareholder pressure to negotiate with Elon Musk in his takeover bid and that the Co. is in talks with Elon Musk in which a potential deal could be made as early as this week, according to WSJ. Top European News Macron Gets Second Chance to Show France His Vision Can Work Credit Suisse Special Audit Backed by Norway’s Wealth Fund SocGen Too Quick to Axe Boss Accused of Trying to Kiss Colleague Art Seized at U.S. Homes Part of Crackdown on Wealthy Russians FX: DXY sets new 2022 peak at 101.750 amid safety flight and sharp slide in crude alongside other commodities. Yen back in favour as risk sentiment sours irrespective of denials about joint Japanese and US intervention discussion - Usd/Jpy towards base of 128.87-127.89 range. Aussie underperforms on Anzac Day due to steep decline in copper and iron ore - Aud/Usd tests 0.7150 and Aud/Nzd cross under 1.0850 vs 1.0940 at one stage overnight. Yuan extends depreciation as Covid spreads to a district in Beijing and PBoC continues to lower Cny midpoint reference rate - Usd/Cnh just shy of 6.6000, Usd/Cny eyeing 6.5650. Euro averts 1.0700 test, narrowly, and pares more losses after surprisingly upbeat Ifo survey, on the surface - Eur/Usd rebounds to circa 1.0750, but still well below Macron victory high. Pound loses Fib support on the way through 1.2800 and sub-8400 vs Dollar and Euro respectively. Fixed Income Debt futures firm as risk appetite wanes, but bonds fade beyond 154.50 in Bunds, 119.00 in Gilts and 119-25 in the 10 year T-note. Core EZ bonds lose momentum after German Ifo survey beats and irrespective of less encouraging accompanying statements. French OATs off peak within 147.38-146.28 range posted on confirmation of Macron defeating Le Pen to retain Presidency. European Commission sells EUR 2.499bln (exp. EUR 2.500bln) 0.4% 2037 NGEU; b/c 2.05x (prev. 1.49x), average yield 1.626% (prev. 0.375%). Commodities: WTI and Brent June contacts have continued to decline since the resumption of futures trading. Spot gold has been caged to a near-USD 5/oz range since the European open as the impact of a firming Buck negated the effects of lower yields at the time. Base metals are in a sea of red as China's lockdown woes hit the demand side of the equation – with LME aluminium and zinc the laggards at the time of writing. US Event Calendar 08:30: March Chicago Fed Nat Activity Index, est. 0.45, prior 0.51 10:00: Revisions: Retail Sales, Inventories 10:30: April Dallas Fed Manf. Activity, est. 4.8, prior 8.7 DB's Jim Reid concludes the overnight wrap I survived a weekend alone with my kids but the only way for all of us to cope was to comfort eat and spend so much time on Netflix that I may as well cancel my subscription as there is nothing left to watch now. Never has Mum been so welcome by an adult, 3 kids and a dog, as she was on her return last night. Parenting is hard! Central bankers are finding it hard too at the moment and it was a fascinating past week on that front as several important central bankers belatedly played a game of leapfrog on who could make the most aggressively hawkish rhetoric on taming inflation. Those speaking at the start of the week might have seemed hawkish at the time but by the end of the week they almost looked dovish. The IMF/World Bank gathering probably focused the minds of all the Governors, Presidents and Chairs present and hawkishness spread through the event like wildfire with the notable exception of Japan's Kuroda who is seemingly sticking to the country's YCC. We are now in the Fed blackout period so they won't add to the hawkishness for the 9.5 days before we get the FOMC decision. Note that the BoJ meet on Thursday although nothing suggests they are going to pivot and will remain the last hawkish shoe to drop. The French election has passed without incident with President Macron gaining 58.6% of the vote vs. 41.4% for Le Pen. Macron won 66.1% of the second round vote in 2017 and with him unable to stand in 2027 and with the traditional parties share of the vote at record lows who knows where French politics will be by then. However much water will flow under Le Pont des Arts before we need to worry about that. Meanwhile, the next hurdle for Macron will come with the Parliamentary elections on the 12th and 19th of June. Commonly referred to as the ‘third round’, the elections will be crucial as it will define the make-up of the government Macron must rely on to push through his reform program. See Marc de-Muizon's blog last night here for more on this. The Euro popped nearly +0.6% higher at the Asian open after the results became clear but has subsequently dipped into negative territory as risk off dominates in Asia. Mainland Chinese stocks are sliding with the Shanghai Composite (-1.95%) and CSI (-2.39%) down, falling to its lowest level since 2020 amid the worsening Covid situation in China, particularly in the financial hub of Shanghai. Strict restrictions have begun to spread, with authorities ordering mandatory Covid tests in a district of Beijing and many buildings locked down. The Hang Seng (-2.47%) is also lagging and elsewhere, the Nikkei (-1.94%) and Kospi (-1.44%) are weak. Outside of Asia, futures contracts on the S&P 500 (-0.42%) and Nasdaq (-0.30%) are lower with 2 and 10yr US yields both around -5bps lower. Brent and WTI are both around -2.9%. Moving on to this week now and it is an important one for European inflation with German CPI on Thursday and the French and Italian equivalent (plus PPI) on Friday with the overall Euro CPI the same day. US (Thursday) and European Q1 GDP (Friday) will also be of interest. Back to the US and inflation related data will be the closest watched with Friday's ECI expected to be strong. This is one of the key indicators the Fed use for labour market strength. The core PCE deflator (the Fed's preferred inflation measure) also comes out as part of the income and spending report data on Friday. The rate of growth may well tick down here so this might provide a shred of good news on inflation without changing the story too much. It will be an important week for corporate earnings too with 179 of the S&P 500 reporting and 134 in the Stoxx 600. Big US tech will be the highlight with Microsoft and Alphabet (tomorrow), Meta (Wednesday), and Apple and Amazon (Thursday). Consumption patterns will be in focus when we get results from Coca-Cola (today), Mondelez, Chipotle (tomorrow), Kraft Heinz (Wednesday) and McDonald's (Thursday). Meanwhile, a range of banks across the globe will give a pulse check on consumer credit. Notable reporters will include HSBC, UBS, Santander (tomorrow), Credit Suisse (Wednesday), Barclays (Thursday), finishing with BBVA and NatWest on Friday. Other notable financials reporting will include Visa (tomorrow), PayPal (Wednesday) and Mastercard (Thursday). Other tech-related companies releasing results will include Activision Blizzard (Monday), LG, Qualcomm, Spotify (Wednesday), Samsung, Intel and Twitter (Thursday). In healthcare, another sector that benefitted from the pandemic, reporters will include Novartis (tomorrow), GlaxoSmithKline (Wednesday), Eli Lilly, Merck, Sanofi (Thursday) and AstraZeneca (Friday). To see how the commodity rally and the focus on energy transition affected major commodity companies worldwide, markets will get earnings from Iberdrola, Vale (Wednesday), Total, Repsol (Thursday), Exxon, Orsted, Chevron and Eni (Friday). Downstream users like transport firms will report too, including General Motors (tomorrow), Boeing, Mercedes-Benz and Ford (Wednesday). Other notable corporates releasing results will include Texas Instruments, General Electric, UPS and Caterpillar. The rest of the day by day calendar of events appears at the end as usual on a Monday. Reviewing last week now, as discussed at the top a cadre of central bank officials reinforced the idea that monetary policy needs to tighten on both sides of the Atlantic this year, thus driving sovereign yields higher. Chair Powell, in his last remarks before the Fed’s May meeting communications blackout, lent credence to the wisdom of front loading the hiking cycle and getting policy rates to neutral as quickly as possible. Regional Fed presidents, spanning ideologies, concurred throughout the week. Short-term markets ended the week pricing more than 150 basis points of tightening over the next three meetings, embedding some risk premium for a 75 basis point hike at each meeting. Futures markets are implying Fed policy rates will be north of 2.80% by the end of the year, above the Fed’s estimates of neutral. President Lagarde was careful to draw a distinction between the US and European situation, but nevertheless would not rule out an increase to ECB policy rates as early as July, following the cessation of net APP purchases, which is likely early in the third quarter. Markets are pricing 24 basis points of ECB tightening by the July meeting, and 85 basis points of tightening for the rest of the year. Bank of England Governor Bailey highlighted the path of policy was laced with uncertainty, but inflation was likely to increase due to rising energy costs. Bailey added the bank would not sell its security holdings into fragile markets. Even committed dove, Ingves of the Swedish Central Bank, rowed back on his previous mantras and acknowledged tightening was needed. As a result, Sovereign yields were higher in each jurisdiction, with 10yr Treasury, bund, and gilt yields increasing +8.2bps (-1.2bps Friday), +10.6bps (+2.4bps Friday), and +7.4bps (-4.9bps Friday), respectively. For their part, 10yr OAT yields closed the week at a +44.5bp spread above bund equivalents, their tightest since March, as President Macron’s polling advantage increased heading into yesterday’s election. Equity indices retreated on the tighter policy path. The STOXX 600 fell -1.42% (-1.79% Friday) while the S&P 500 was -2.75% lower (-2.77% Friday), bringing it into correction territory YTD (-10.37%) again. Mega cap tech stocks bore the brunt, with FANG+ falling -8.76% (-1.99%) as higher discount rates hit valuations. The mega cap losses accelerated after Netflix reported it lost subscribers in the first quarter, which sent its share prices more than -35% lower. The reprieve was only temporary the following day when Tesla reported a record profit on the back of surging electric car demand. Brent crude oil futures were relatively subdued by comparison to other asset classes and recent volatility, falling -5.43% (-2.48% Friday) over the week to $105.64/bbl. Elsewhere the IMF revised down their global growth expectations in light of Russia’s invasion, expecting the global economy to grow 3.6 percent in each of the next two years. Fighting continued in eastern Ukraine, with Russia declaring victory over the port city of Mariupol, while there was not any material public progress in peace negotiations. The Credit Derivatives Determinations Committee said Russia’s remuneration of foreign currency bonds with rubles would constitute a default and trigger credit default swaps. Russia has a 30-day grace period, which ends May 4, to make creditors whole. Tyler Durden Mon, 04/25/2022 - 07:48.....»»

Category: worldSource: nytApr 25th, 2022

Revisiting Liar’s Poker, 30 Years Later

    Every time I interview Michael Lewis, I learn something new. My excuse to chat this time was Season 3 of his podcast Against the Rules. In prepping for the interview, I learn that after 30 years, the audio rights to Liar’s Poker had reverted back to Lewis. He decides to re-read the book… Read More The post Revisiting Liar’s Poker, 30 Years Later appeared first on The Big Picture.     Every time I interview Michael Lewis, I learn something new. My excuse to chat this time was Season 3 of his podcast Against the Rules. In prepping for the interview, I learn that after 30 years, the audio rights to Liar’s Poker had reverted back to Lewis. He decides to re-read the book for the first time since he wrote it; he then records a complete, uncut audio version of Liar’s Poker himself (along with a companion podcast). If that’s not worth at least one segment in the show, I don’t know what is. Since it’s been 25 years since I read the book, I decide it’s time to reread all about Solomon Brothers’ bond trading desk in the 1990s. But I cannot find my copy – we are repainting and everything is in boxes. The book was published in 1989, and from that perspective, 2022 is the future. I automagically transfer the book onto one of my portable glass slabs and get reading. Here are my 10 takeaways: 1. 100% Fresh: I was surprised by how fresh and new the book was to me. Sure, some of it was vaguely familiar, but I did not recall in great detail a lot of it (25 years does that). It was vibrant and fun and if not quite current, the voice and tone felt new. Overall, I enjoyed reading it about as much as any other work by Michael Lewis (meaning, a lot). “Knowing about markets is knowing about other people’s weaknesses.” 2. Ancient Wall Street: It’s a time capsule, capturing a moment on Wall Street that has not existed for a decade or more. The main characters in Liars Poker – John Meriwether, mortgage department head Lewis Ranieri, CEO John Gutfreund – have become part of Wall Street lore. But Algos/HFT have replaced these egos of these characters, and a quieter breed of professionals run their firms more for money, not glory. It reflects a very specific moment in history, but it felt much closer to today than I expected. “Man for man Salomon brothers was in 1985 the world’s most profitable corporation.” 3. Characters drive everything: The prose is readable (if at times unsteady) but it is Lewis’ depictions of all of Solly’s characters that make the book really sing. They are fully fleshed out, and distinct from one another, all very recognizable. If you have worked on a trading desk and/or a large sell-side firm, you know all of these types – only your guys were probably not named the “Human Piranha” or “Dash Riprock.” “The first thing you learn on a trading floor is that when large numbers of people are after the same commodity be it a stock a bond or a job the commodity quickly becomes overvalued.” 4. The author is both narrator and protagonist: This is the only finance book he inserts himself into (Lewis also plays himself in “Coach”). But in every other book he has written, Lewis is the storyteller but not part of the story. And even where he has a role to play – see, The Blind Side or The Undoing Project – is confined to the intro or the epilogue. “Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.” 5. Lewis is still finding his voice: The Michael Lewis you know and love today is not fully formed, but a work in progress in his first book. But there are obvious glimmers of him. In the chapters where he takes management to task for their gross incompetency and blind greed, we find vintage Lewis. His unique voice gets stronger and more confident as the book progresses. This quote is vintage Lewis: “A Solomon salesman who in the past had moved $5 million worth of merchandise through the traders book each week was now moving $300 million through each day.” 6. LOL Fiduciary Rule: Skinning clients, dumping crappy products on them, blowing them up — this was all part of the vernacular. Note this was not a boiler room, but rather, one of the best firms on Wall Street. “Caveat Emptor” was the guiding principle and woe to the client who did not realize this. 7. Hints of future books are scattered throughout: The oddball characters, the outsiders who spot an impending disaster/opportunity, the calcification of institutions are all here. Liar’s Poker foreshadows future Lewis books: Most obviously the focus on Solomon’s creation and trading of mortgage bonds is a precursor to the Big Short; the rise of the geeks and techies presages Moneyball and perhaps even Flashboys; the disdain for expertise is a prelim look at The Fifth Risk and The Premonition; “Whether Lehman’s misfortune was directly related to its unwillingness to admit it was out to make money I do not know.” 8. Debt and Borrowing OMG!: The book talks a lot about America’s borrowers and the evils of excess debt. It’s amazing how dated this is today, with characters warning of the imminent weakening of the US dollar and other economic troubles, none of which has come to pass. With the benefit of hindsight, the traditional view on debt, the dollar, and U.S. creditworthiness were totally wrong: “American governments, consumers, and corporations borrowed money at a faster clip during the 1980s than ever before: this meant the volume of bonds exploded (another way to look at this is investors were lending more money more freely than ever before). The combined indebtedness of the three groups in 1977 was 323 billion much of which wasn’t bonds but loans by commercial banks by 1985 the three groups had borrowed $7 trillion.” 9. He kept a notebook: Not his usual approach, he kept daily notes about his experiences. He was publishing articles in places like The Wall Street Journal under his own name, and causing problems for management. He was so well thought of that the compromise (lol) was for him to publish under a nom de plume. During the 1987 crash, he walked around the 41st-floor trading room in New York jotting down notes into his journal in plain view of everyone (no one noticed, they were a little busy). “People who believe themselves of social consequence tend to leave more of a paper trail, in the forms of memoirs and anecdotiana.” 10. The title “Liar’s Poker” nearly didn’t happen: The book almost had a very different title: Fast and Loose in the Golden Years, Bond Fever, Spellbond, Burn Out, The Empire Builders, Disposable Assets, Other People’s Money, Bonds of Passion all were in the running. “I had a great title staring me in the face and I didn’t even know it,” Lewis said. Hilarious endnote: Publishers were so encouraged by the success of Liar’s Poker that they wanted a novel as a follow-up; it took Lewis a few 100 pages of drafting before realizing what a terrible idea that was. ~~~ One of the interesting takeaways Lewis has discussed before has been that he thought he was writing a cautionary tale that would deter young people from entering the profession – as he learned, it only encouraged many of them.  That has since morphed into a deeper understanding of his craft: All an author can do is put their book out there; how it is perceived and what it means is up to the reader. If you haven’t read Liar’s Poker in decades, then consider this a strong endorsement. At the very least, it will keep you satisfied until the next Michael Lewis book comes out…     Previously: MiB: Michael Lewis on Experts (Coming in May 2022) MiB: Michael Lewis on Pandemic Planning (May 8, 2021) MiB: Michael Lewis on Coaches and Risk (May 25, 2020) MIB: Michael Lewis, Podcaster (April 6, 2019) MIB: Michael Lewis on a Writer’s Life (December 13, 2016) Michael Lewis’ Portrait of Two Men Who Changed the World (December 5, 2016)       The post Revisiting Liar’s Poker, 30 Years Later appeared first on The Big Picture......»»

Category: blogSource: TheBigPictureApr 23rd, 2022

Gold Prices Continue To Weather The Rate Storm

Gold Prices Continue To Weather The Rate Storm Via GoldMoney Insights, Over the past weeks, gold prices showed a remarkable resilience to the relentless rise in both nominal and real-interest rates. For the first time since 2020, gold prices are now reflecting slightly higher long-term inflation expectations than what is embedded in TIPS (breakeven inflation). However, we think overall markets are still much too optimistic about the Fed’s (and other central banks) ability to choke off current high inflation rates with aggressive monetary policy. We believe the Fed will stall economic activity before it can choke off inflation, which will force the central bank to reverse course long before it reaches its target interest rate. Current long term inflation expectations (2-10y) imply that investors are too complacent as they attribute near zero probability to such a scenario. Once confidence in the Fed’s ability to rein in inflation erodes, real-interest rate expectations will move lower again. The result will be a sharp repricing of gold. In February this year we published a report with the title Gold defies hawkish rate environment (February 02, 2022) in which we highlighted the discrepancy between rapidly rising real-interest rates and the resiliency of gold prices. Over the past years we have extensively written about the inverse relationship between real-interest rate expectations and the gold price (see Gold Price Framework Vol. 2: The energy side of the equation, May 28, 2018) (see Exhibit 1). Real-interest expectations (as observed in Treasury Inflation Protected Securities (TIPS) yields) had been on the rise since they bottomed out in December 2021. By the time we published our February report, 10-year TIPS yields had moved from their record low of -1.2% to -0.6% in just two months, as the market sharply reassessed the outlook for Fed rate hikes and a rapid tapering of Quantitative Easing (QE). Yet gold prices defied these pressures and remained stable. In fact, gold was up over the time frame by the time we published the report. Fast forward and the rate (and QE) environment looks even more bullish. 10-year TIPS yields are now at -0.1% and on a steep upward trajectory. QE has not just ended, but expectations are for the beginning of balance sheet reduction (negative QE) in the near term. Even some of the historically most dovish FOMC board members are calling for rapid balance sheet reductions. This all comes on the back of multi-decade high realized inflation. This has also lifted longer-term inflation expectations as observed in 10-year TIPS. 10-year breakeven inflation is now at a whopping 2.9%, the highest level since the first TIPS were marketed in 1997. However, nominal yields have been rising faster than implied breakeven inflation, with the result that long term real-interest rate expectations rose over 1% in less than four months. While all this should be very bearish for gold, gold price continue to weather the rate storm. Gold prices were $1,829/ozt by the end of December 2021, when TIPS yields were -1.1%. Today TIPS yields are 1% higher and gold is $125/ozt higher. In our February report, we presented some of our thoughts why gold prices did not drop despite the rise in real rates. We pointed out that the Fed had been buying TIPS at a faster rate than nominal treasuries, relative to their respective market size. This had the effect that TIPS yields were pushed down more than nominal yields when QE was strong, and implied inflation expectations were distorted to the upside. This had the effect that gold prices seemed too low relative to TIPS yields while the Fed was buying assets. We can see this effect playing out in our gold price framework, where gold prices underperformed predicted prices for all of 2021. At times, realized gold prices were $200/ozt below predicted prices (see Exhibit 6). Once the Fed began to taper and eventually end QE, the opposite took effect: gold prices remained stable and even moved higher even as real-interest rate expectations began to rise.  This lead to a convergence of realized gold prices and model predicted values (see Exhibit 6). We concluded in our February report that gold prices reflected the markets’ “true” long term inflation expectations rather than the breakeven inflation rates implied from TIPS yields. Interestingly, even as QE has now ended a while ago, gold prices continue to defy the continually rising real-interest rates. At the time of writing, gold prices exceed the model predicted prices by about $75/ozt. In the February report, we highlighted that gold is more accurately reflecting the markets long term inflation expectations than the TIPS market, but that in our view the market was severely underestimating the long term inflation risks. Since then the market has upwardly adjusted its long term inflation outlook embedded in both TIPS and gold prices and for the first time since 2020, gold prices now reflect higher long term inflation risks than the TIPS. According to our gold price model, 10-year inflation expectations are at around 3.15% (vs 2.9% breakeven inflation embedded in TIPS). Importantly, both the TIPS market and gold prices are still discounting the risks that the currently observed high inflation rates are anything but transitory. Realized headline CPI inflation for March was 8.5% while 10-year breakeven inflation is still only 2.9%. Moreover, the reason why 10-year inflation expectations are close to 3% is almost entirely due to heightened inflation expectations near term (0-2y). Inflation expectations beyond 2 years are barely above their long-term average. In other words, the market still thinks inflation is likely just transitory and limited to the next two years. In our view, the TIPS market is severely underestimating the upward risks of future inflation. Gold is pricing in slightly higher long term inflation expectations, but in our view those are still much too low. We think the market is too confident that the Fed (and later other major central banks) will raise interest rates to whatever level is needed in order to choke off inflation. We think that we are in an environment that gives the central banks much leeway. Central banks are currently finding themselves between a rock and a hard place. Energy shortages and supply chain issues continue to put a drag on economic activity. The recent widespread lockdowns in China will only make matters worse. At the same time, realized inflation in many Western economies are already at the highest levels since the 1970s. The Fed is leading the way and is raising rates at a rapid pace (rapid in comparison to previous rate hike periods) and several FOMC board members have become vocal about unwinding the Fed balance sheet. But there are only so many times they can hike before they push the US economy into a recession. The rest of the world would follow. To make matters worse, asset prices are still at extremely elevated levels by conventional metrics. A worsening economic outlook coupled with higher rates and unwinding of QE could lead to a massive crash in asset prices (equities, real estate) which in turn would worsen the recession (negative wealth effect, mortgage defaults, credit crunch). While a global recession might lead to some temporary relief in regards to the supply chain issues, this might not even give a temporary relief to inflation. Ultimately we think central banks will be forced to end the hiking cycle long before they reached their designated goals (currently 3% by 2023). We think a global recession will once again radically change the stance of central banks and there is a high chance we will see aggressive rate cuts and more QE (or potentially a successor to QE such as more stimulus checks or a form of UBI). The underlying conditions that led to the current inflation rates will largely remain in place and new stimulus and a renewed ZIRP or even NIRP environment will fall on fertile ground. Given the embedded inflation expectations over the 2-10 year horizon, the TIPS market is at the moment giving this scenario still close to zero percent chance. This means that also the gold market is giving this scenario close to zero percent chance. However, it appears that over the past few weeks, at least the gold market has been slowly warming up to this potential future given the widening gap between rates and gold prices. The threat of aggressive rate hikes over the coming months coupled with the risk of a global recession may prevent a massive break out in gold for now. However, once confidence in the Fed’s (and other central banks) ability to rein in inflation erodes, real-interest rate expectations will move sharply lower. The result will be a rapid repricing of gold. Tyler Durden Fri, 04/15/2022 - 08:35.....»»

Category: blogSource: zerohedgeApr 15th, 2022

Warner Bros. Discovery reportedly wants to "overhaul" DC, including revitalizing characters like Superman

Variety reports that DC's new corporate parent, Warner Bros. Discovery, is looking to make major changes to the comics and entertainment company. Robert Pattinson as Batman in "The Batman."Warner Bros. Variety reported on Thursday that Warner Bros. Discovery is looking to "overhaul" DC. The new company wants to revitalize underused characters like Superman, according to Variety. Comics professionals recently told Insider they were hoping for stability at DC. Some big changes could be coming to the home of Batman and Wonder Woman.Variety reported on Thursday that the comics and entertainment company's new corporate parent, Warner Bros. Discovery, is eyeing an "overhaul" for it, including finding a Kevin Feige-like figure to oversee DC's creative strategy and revitalizing underused characters like Superman.DC did not immediately respond to a request for comment.Feige is the creative chief for DC's biggest competitor, Marvel, overseeing the direction of its movies, comics, and TV. Warner Bros. Discovery CEO David Zaslav was eyeing former Paramount Pictures exec Emma Watts for the role, according to Variety, though she isn't expected to take it.Warner Bros. Discovery also wants to revitalize popular characters that DC has ignored in recent years, such as Superman, Variety reported.Actor Henry Cavill's Superman film franchise was stalled after negative response to "Batman v Superman: Dawn of Justice" and the theatrical cut of "Justice League," the latter of which drastically disappointed at the box office. However, author Ta-Nehisi Coates is writing a Superman movie for Warner Bros. that would feature a Black Superman.Henry Cavill as Superman in "Man of Steel."Warner Bros.The comics industry is hoping Warner Bros. Discovery brings prolonged stability to DCDC was rocked by major disruptions over the last few years during the AT&T era. 20% of its staff was cut in 2020, and that same year, its comics line was greatly reduced.Comics industry insiders worried that the comics side of the company was being undermined, and were dismayed by the direction of the company in recent years. Comics professionals recently told Insider that they were hoping for stability under Warner Bros. Discovery."Anything that stabilizes the industry and promotes good comics and product would be a welcome advancement," one comics industry source said. Milton Griepp — the founder and CEO of ICv2, an online publication that covers the comics business — recently told Insider that DC had "doubled down" on key characters like Batman since the comics print reduction, which he called "damaging to long-term IP development."So, if Warner Bros. Discovery wants to shine the spotlight on other characters, it could be in DC's best interest. DC will be essential for the new company, both in movie theaters and in the streaming space. "The Batman" has earned nearly $740 million worldwide, and a TV spinoff is in the works for HBO Max. That's just one of the upcoming DC film and TV projects on the docket. But it remains to be seen whether any changes Zaslav may make to DC would bring the stability the comics industry is looking for, or lead to more disruptions.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderApr 14th, 2022

When The World Changed – Part II

This is part two and three of a multi-part series on When The World Changed. See Part I here. Universal Incomes And Social Credits John, understandably, is deeply upset with himself. His career has evaporated in front of him, and now he faces a bleak future. Of course, he should have seen it coming. He […] This is part two and three of a multi-part series on When The World Changed. See Part I here. Universal Incomes And Social Credits John, understandably, is deeply upset with himself. His career has evaporated in front of him, and now he faces a bleak future. Of course, he should have seen it coming. He did see it coming. He saw all the signs around him but failed to act soon enough. When he first went to university, activist groups were calling for radical social reform. Among their demands was the need for a universal income and a social credit system. According to them, they foresaw that artificial intelligence and robots would decimate the labour market. They predicted the polarisation of the labour market. This meant that a few elites would be employed in research and development work, because computers weren’t capable of performing their jobs. The only other employment would be in low-level jobs not worth automating. The rest of us would be out of work. Work could only be found on the extremes, or opposite poles of the labour market. The huge unemployed masses would need an income. A universal income would be paid to all adults to meet their needs. However, income is only part of the employment issue. We work to earn, but we also work to provide purpose and meaning to our life. Work gives us a sense of pride in ourselves. Without providing for this, we have a social problem on our hands as big as the lack of income. Hence the idea of the social credit system. The system encourages people to seek opportunities to contribute to their community by providing their time and skills to address problems or opportunities within their community. Social credit schemes existed in the early ’20s. People or groups would post their requirements online, to which somebody would respond and earn social credits to complete the task. The idea was to upscale this and have it managed by a government body. Social credits could then be bartered or exchange for money. People could augment their universal income with these social credits. Among the radicals proposing universal incomes and social credits, a school of thought suggested the government manage all payments to its citizens. If somebody were fortunate to be employed, their employer would pay their salary to the government. The government would then pay the worker their universal income, plus their salary, after tax deductions. Salaries would be lower because the universal income comprises part of it. For those unemployed but earning social credits, these credits would be paid to the government as well. The government would convert these into a monetary value and pay them to the individual less any tax deductions. Some believed it would be fairer, than a barter system. No matter how the system was supposed to work, it would have provided a livable income, given purpose, meaning and pride back to people whose lives were ruined through the decimation of the labour market. Equally important, the social credit system would have focused the efforts of the many unemployed on building “common good.” A society’s strength is gauged by how well it looks after common interests or the common good. Unfortunately, since the 1970s, we placed self-interest ahead of common good. As a result of this self-interest, we have destroyed the planet’s ecosystem and brought about unimaginable social turmoil. Detractors of the universal income scheme said we could not afford it, which is nonsense. Look what we’ve ended up with. They also said that with every technological advancement, rather than lose jobs, we created new ones, so there’s no need to implement the scheme. The vast difference with previous advances was that the technology was not intended to replace humans but enhance what humans did. Now we know robots have greater dexterity, strength, speed and endurance than humans. We also know that AI has advanced to such a level they far outperform the human brain, and they collaborate far better than humans. We can’t compete. What about ASI – Artificial Super Intelligence? Today we know computers are far more creative than we are in virtually every field; composing music, writing, art, designing buildings, and rockets, the list is endless. Right now, researchers are losing their jobs – obsolete and hopelessly inefficient. So, what new jobs did they think we could do? Clean and polish the computers. Robots do that better at this than us. What a disaster! John heard these “radical” voices, but choose to ignore them. However, deep down, he knew they made sense, but he didn’t want to be seen siding with radical thinkers. In any event, he will have retired or been close to retirement when the changes they predicted occurred. Therefore, not his problem. Unfortunately, for John, his chickens have come home to roost early, and he and his young family will now pay the price. He has no Universal Income or Social Credit Scheme to fall back on. I don’t know what future awaits him, apart from a bleak one. Some may say my condemnation of John is harsh. “What can one man do against powerful forces hellbent on putting profit ahead of the community?” The answer is – stand-up and fight for what you know is right. Your voice will merger with others. Soon that one voice becomes millions, and millions of voices bring about change. It all starts by taking a stand, not remaining silent. Believing it’s somebody else’s problem, is the problem. Of course, there we numerous other events and incidents which conveyed the same message as the “radical” university group. The only thing the group got wrong was their timing. They underestimated the speed of change. Change accelerates change, so it’s challenging to predict the timing of change precisely. They could not have foreseen the massive changes made in the mid to late ’20s. One of the biggest milestones reached early in the ’20s was the mass introduction of autonomous vehicles. This decimated the labour market. A large portion of the population worldwide was employed as drivers. Over a relatively short time, most lost their jobs. This brought to the fore the evils of automation, which had silently encroached on the labour market for many years. This encroachment had seen millions of productive individuals sidelined, no longer part of the employment market. The social impact of this was huge but generally kept quiet by the wealthy elite, who benefited from this automation. However, the huge job losses created through autonomous vehicles were on a scale they could not hide. Following swiftly on the heels of autonomous vehicles was the explosion in blockchain and distributed ledger technology. In essence, it introduced a super-secure method of storing, authenticating, and protecting data, which revolutionised many aspects in business transactions. This resulted in the loss of tens of millions of white-collar jobs, particularly in sectors that had previously acted as “trusted agents”, such as brokers. These tectonic changes set in motion trends that saw the decline in marriage and increased single-parent families. Men could no longer commit to marriage and buying a house, as they had no work prospects. Families are at the centre of a stable society, so this break-up of the family saw the start of the collapse of our society. An increase in drug and alcohol abuse followed, as well as gambling. These are the consequences of desperate people turning to illusive solutions, leading to their accelerated downfall. The break-up of the family and increased anti-social activities, as a result of no work, was the toxic cocktail tearing the fabric of society apart. When people lose access to legal work, they are driven to illegal opportunities. When there are so many without work, crime, in every shape and form, explodes. We have seen the proliferation of illegal micro drug and alcohol producers. These producers put just about any crap they can lay their hands on into their toxic brews. This just compounded our social and economic woes. When we thought it couldn’t get any worse, it did. The foundation of this problem is that we are a society who put market needs before those of people. We falsely believed our purpose was to serve the markets when markets are supposed to serve the needs of the people. This false vision was promoted by the wealthy elite because the market serves them. The economy, like democracy, is supposed to serve the people. Unfortunately, we lost our way in the 1970s with the introduction of “free-market” thinking; making markets our master. The signs of social decay were more than apparent in the early ’20s, for those who cared, and were concerned enough to look for it. By the mid-’20s autonomous vehicles and blockchains had pushed the problem into your face; something you could no longer ignore, even if you tried. You would have thought that such radical change and coverage of the problems would lead to economic and social reform. They did not. The “evils of social democracy,” such as a Universal Income, and Social Credits, were pushed harder. At the same time, the merits of free-market as our “saviour” were expounded even harder. How sick and twisted are we? However, the real sickness was the complacent attitude of the masses, who were being destroyed by free-market thinking. The smell of revolution should have been in the air. But it wasn’t. Part III As an intern, John came face-to-face with the consequences of a shrinking labour market and its social consequences. On the A&E wards, the increased incidents of violence fuelled by an upsurge in broken families, aided and abetted by drug and alcohol abuse, had soared to new all-time highs. Self-harm, attempted suicides and suicides also reached new, astronomical heights. All around him, the signs of a broken society were evident. He read the daily news feeds on his phone. He knew of the adverse effects autonomous vehicles and blockchains were having on the labour market, economy and society. He did nothing. He’s only a medical doctor. He was thankful when he received a posting to a rural surgery. Hopefully, he could close his eyes, and all these problems would disappear. Perhaps the authorities would sort them out – that’s their job. Of course, this was all wishful thinking. He knew nothing was being done, and the same problems would be felt everywhere. Rural Britain could not escape change of this magnitude. When the vast majority lose their jobs, the economy shrinks. This shrinking affects other businesses who either close or reduce staff. The downward cycle accelerates. Many small businesses go to the wall early on. This included farmers. Being self-employed during an economic downturn causes untold stress on its owners. As a result, new business start-ups had almost ceased. The vital supply of new business blood had dried up. John faced the same problems in his rural environment as that in the city. Hardship and misery abounded. It even affected him personally. His brother-in-law ran a successful restaurant. He gave up his profession as an architect because of the encroachment of AI. The role of the architect was being replaced by software. He didn’t see much future for himself in his profession, and he wanted to pursue his dream of running his own restaurant. In the beginning, things went well, but then slowly, the market started shrinking. There were fewer and fewer employed people who could afford to eat out. It soon got to the point the business started losing money. He closed it down and tried to get back into architecture, but with no success. He’s been unemployed for some time now, with no prospects for the future. He has no money. John and his wife help him and his family when they can, but they don’t have a lot to spare either. John had got to the point of telling him he can no longer support him, as he has done in the past. The reason being his parents require additional support as their state pension has been severely cut and their savings eroded, as investments under-perform. The economy has shrunk so significantly now that unemployment is sitting (officially) at 68%. Most believe it to be much higher. The problem with AI and automation is that computers and robots don’t buy groceries, eat out, buy clothes, travel, or go on holiday. Not as much money circulates in the economy anymore. John’s first priority has to be with his immediate family, so he was about to break the bad news to his brother-in-law. Hopefully, he would understand. But having said that, his brother-in-law used to joke, “at least you’ve got a job for life.” How wrong he was. Now the only breadwinner in the wider family is in the same boat as everybody else, except John, has a lot more debt. They will lose everything: their home, car, furniture. Possibly, the shirt on his back. Here’s the problem I face. On the one hand, I have no hesitation in condemning John’s lack of action. On the other, I feel sorry for him and believe there must be something I’m missing. What stops an intelligent, caring individual from taking timely action? If he had the hindsight I now write with; I’m sure he would have been actively involved in introducing social and economic reform. I’m convinced he would have become involved during his early university days. He would not have left himself, and his family unprotected from this nightmare. But he didn’t. I must be missing something. John is an intelligent person. He is also a caring person. Despite being fully aware of the problems and possible solutions, he did nothing to bring about change. Why? He seemed to think it was somebody else who would have to fix the problems. This doesn’t make sense to me. As a result, I’m finding it difficult to feel any sympathy for him, despite the bleak future he faces. He knew, and he did nothing, so he’s equally responsible as those who mercilessly decimated the labour market, knowingly causing social and economic havoc. In legal terms, that’s referred to as “an accessory after the facts,” making him as guilty as those who committed the “crime” of decimating the labour market and economy. It would appear that John believed he lived in a bubble. He must have thought that as long as his bubble remained secure, he and his family would be safe. All he need do was maintain the bubble, and his future was assured. If he knew that bubble would burst only sixteen years from him entering university, he would have fought tooth and nail for social and economic reform. Clearly, John thought his bubble would never burst, or only when he had retired. As soon as the U-BEscopic was introduced, he should have seen it meant the beginning of the end. Perhaps he did, but realised he had left his disagreement with the state of the economy too late. However, if that were true, then he would not have reacted in the way he did – surprised and horrified, when he learnt he had lost his job. So why do intelligent people like John and you, live in a bubble? I include you as well because had you also taken action, in the early 20’s we would not be facing the crisis of losing our last secure job, with no social or economic support in place. If you did respond, you probably left it too late. Either way, nothing has happened and we’re in a real pickle now. The “bubble syndrome” affects most, if not all the rich elite. They believe their wealth will protect them in their bubble. In the past, this may have been true. However, by changing our circumstances so radically, this has changed everything. People who made a fortune from AI and robotics are now in the process of losing it all. Without the purchasing power of the masses, we have set off a downward economic cycle which doesn’t seem to be stopping. Like John, their bubble has burst. It’s easy to be tolerant or unconcerned about matters which are unlikely to affect you. You tolerate mass job losses or unfair labour practices because they won’t affect you, or perhaps even benefit you. You tolerate or even support lenient immigration policies because the consequences are unlikely to affect you. You pay little attention to the suffering of others caused through economic downturn and their concomitant social problems because they don’t affect you. It would be an entirely different story if they affected you directly and seriously. When something is patently wrong and adversely affecting the majority of your fellow citizens, I believe you are duty-bound to take action, even while you remain unaffected. Updated on Apr 11, 2022, 5:52 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkApr 12th, 2022

The best laptops for college students in 2022

The best college laptops must be durable, reliable, and equipped to handle both work and leisure. These are the best college laptops we've tested. Prices are accurate at the time of publication.When you buy through our links, Insider may earn an affiliate commission. Learn more.Dell; Apple; Google; InsiderAside from tuition, study materials, and living expenses, most college students will be required to buy a new laptop for school work at least once. The best college laptops will last through four – or more, depending on your area of study – years of school work in addition to the countless YouTube, Netflix, and Spotify sessions.The best laptop for college is a device that won't fail you with slow-downs or complete crashes during crucial work or study sessions, especially as most laptops lose their warranty after a year or two. I expect it to also be slim and lightweight for carrying around campus and has ample battery life so that it doesn't die on you at inopportune times. You'll also need to consider your core area of study: liberal arts may require more memory for all the tabs you'll open writing research papers, while engineering or art studies can demand more processing power to drive designing and simulation software.To help you find the best college laptop in time for your first round of exams, I have gathered up the best ones we've tested. Where needed, I have included some picks based on extensive research and our collective decades of computing expertise and knowledge.Read more about how we test tech and evaluate products, and why you can trust product recommendations from Insider Reviews.Here are the best college laptops of 2022:Best college laptop overall: Dell XPS 13, $1,196 available on DellDell's latest XPS 13 features all the trappings of a luxury, long-lasting laptop: strong performance, a portable design, a comfy keyboard, and a dazzling display.Best budget college laptop: Lenovo Chromebook Flex 5, $410 available on NeweggLenovo's Chromebook Flex 5 delivers shockingly reliable performance, decently long battery life, and 2-in-1 functionality at an affordable price.Best college MacBook: Apple MacBook Air, $1,000 available on AppleApple's latest MacBook Air received a considerable boost in performance and battery life with its new M1 processor, all while sticking to its winning design. Best 2-in-1 college laptop: Lenovo Yoga 9i, $1,030 available on LenovoLenovo's Yoga 9i packs plenty of power into a slim 2-in-1 design, but it's really the audio that sets this laptop apart.Best college Chromebook: Google Pixelbook Go, $650 available on Best BuyGoogle's Pixelbook Go combines a sleek design with an incredible keyboard and a surprising level of hardware for its starting price.Best college laptop for coding: Dell XPS 17, $1,900 available on DellDell's XPS 17 is ready for lengthy coding sessions with a giant display, fast and reliable performance, and a top-notch keyboard. Best college laptop for photo and video: Apple MacBook Pro 14-inch, $2,000 available on AppleApple's MacBook Pro 14 features leading performance in photo and editing apps, powered by M1 Pro or Max processors that also allow for long battery life.Best college laptop for 3D and gaming: Acer Predator Helios 300, $1,280 available on AmazonAcer's Predator Helios 300 packs impressive 3D graphics performance at a surprisingly reasonable price. Best college laptop overallDell$1195.58 FROM DELLThe Dell XPS 13 has all the hallmarks of an exquisite laptop: strong performance, a lightweight and striking design, a comfortable keyboard, and a gorgeous display.Price: Starts at $1,196Screen: 13.4-inch touchscreen, 4K (3,840 x 2,160) LED up to 3.5K (3,456 x 2,160) OLEDProcessor: 11th Gen Intel 2-Core i3 up to 4-Core i7Operating system: Windows 11 HomeMemory and storage: 8GB up to 16GB RAM, 256GB up to 1TB SSDPros: Excellent design, attractive screen, long battery life, good performanceCons: Webcam could be betterDell's flagship laptop has always stood out for its eye-catching design, nearly borderless screen, and solid performance. That's still true in 2021 with the newest version of the Dell XPS 13, which runs on Intel's 11th-generation processors and now offers the option for an OLED display.The XPS 13's design is a big part of what makes it a great choice for college students in particular. It starts at just 2.6 pounds, making it even lighter than the MacBook Air. Since there are barely any borders framing its screen, Dell was able to cram a 13-inch screen in what's essentially the size of an 11-inch laptop. That could be useful for college students in need of a portable laptop that will fit in almost any bag. The XPS 13 also has one of the most comfortable keyboards I've ever typed on, a perk students will appreciate when writing long papers or taking notes in class.Battery life in real-world usage is about six hours, which isn't the best we've seen on a laptop but is still more than enough to get you through a day of classes. But like many laptops, the Dell XPS 13's webcam resolution is only 720p, which might make you look a bit blurry and dim in video calls.The XPS packs plenty of performance, considering even the cheapest configuration on Dell's website comes with an 11th-generation Intel Core i3, 8GB of memory (RAM), and 256GB of storage. Dell also offers a 10% discount on select electronics and accessories as part of its education discount program for those who qualify.Best budget college laptopNewegg$409.99 FROM NEWEGGLenovo's Chromebook Flex 5 provides surprising performance, good battery life, and 2-in-1 flexibility at a low price.Price: Starts at $410Screen: 13-inch touchscreen, FHD (1,920 x 1,080)Processor: 10th Gen Intel 2-Core i3Operating system: Chrome OSMemory and storage: 4GB RAM, 64GB up to 128GB SSDPros: Solid performance, decent battery life, portable footprint, has a touchscreenCons: Limited memory and storage, works best with strong Internet connection The Lenovo Chromebook Flex 5 is an affordable laptop that checks all the boxes for students who don't plan to run demanding software. It has a solid Intel Core i3 processor, can last seven to eight hours on a charge in typical use, and is small enough to easily fit in most backpacks or bags.  This laptop is a Chromebook, which means it runs on Google's Chrome OS. It's more limited than Windows because it's designed primarily for web apps, not local software. These limitations are serious, but they help the Flex 5 offer snappy performance on a budget. Windows laptops sold at the same price will feel slower in day-to-day use. The Flex 5 has a 1080p touchscreen. It's great to see this feature in an inexpensive Chromebook. While ChromeOS is not designed for touch specifically, it can run Android apps through the Google Play store. The laptop's flexible 360-hinge means you can use it like a tablet.  A few configurations of Flex 5 are available, but the specific model we recommend has just 4GB of RAM and 64GB of storage. This is fine for most owners because ChromeOS relies on Internet connectivity. Many of your files will be stored in the cloud, not on the hard drive. Still, this will feel lean if you work with high-resolution images, video, or other large files.Best college MacBookApple$999.00 FROM APPLE$999.99 FROM BEST BUYThe new MacBook Air gets a big boost in speed and battery life thanks to Apple's M1 chip, all while keeping the same sleek design. Price: Starts at $1,000Screen: 13.3-inch, 2,560 x 1,600 LED RetinaProcessor: Apple M1Operating system: macOS MontereyMemory and storage: 8GB up to 16GB unified memory, 256GB up to 2TB SSDPros: Fast performance, super-long battery life, much improved cameraCons: Lacks facial recognition and a borderless screen, iPhone apps don't add much without touch screensApple's thin-and-light laptop got a major upgrade in late 2020 with the introduction of its M1 chip, which brings much longer battery life and more power. That makes the $1,000 MacBook Air an even better choice for college students that may frequently find themselves away from an outlet.We were able to get about 12 hours of use out of the M1-powered MacBook Air, which is a noticeable increase from the previous-generation Intel MacBook Air's 7-hour battery life. Other than the boost in battery life and speed, you can also expect a significantly improved webcam that leverages Apple's image signal processor. That can be useful for students that may be attending lectures remotely or that frequently video chat with friends and family while away at school.We prefer the MacBook Air over the M1-powered MacBook Pro for its slimmer design and lower price. Both laptops offer a very similar experience, making the Pro a tough sell, especially for those who just need a laptop for writing papers, watching videos, and doing some light multimedia editing.The MacBook Air's starting configuration comes with 8GB of RAM and 256GB of storage. It typically starts at $1,000, but students can get it at a $100 discount that brings the price down to $900.Best 2-in-1 college laptopLenovo$1029.99 FROM LENOVOLenovo's Yoga 9i packs plenty of power into a slim 2-in-1 design, but it's really the audio that sets this laptop apart. Price: Starts at $1,030Screen: 14-inch touchscreen, FHD 1,920 x 1,080 up to 4K (3,840 x 2,160) IPSProcessor: 11th Gen Intel 4-Core i5 up to 4-Core i7Operating System: Windows 11 Home Memory and storage: 8GB up to 16GB RAM, 256GB up to 1TB SSDPros: Excellent sound, sleek design, integrated stylusCons: Webcam is only 720p, ports located on one sideThe Lenovo Yoga 9i has a sleek design, integrated stylus, and excellent audio — making it great for scribbling notes, watching a movie, or blasting tunes in your room before a night out.It's the successor to our previous pick, the Yoga C940, and comes with Intel's newer 11th-generation Core processors as well as other improvements. The cheapest option available through Lenovo right now includes a powerful Intel Core i5 processor, a 14-inch 1080p screen, 8GB of RAM, and 256GB of storage. The Yoga 9i's rotating Dolby Atmos soundbar is also capable of pumping out boisterous sound whether it's being used in laptop, tent, or tablet mode. That's because the soundbar is located in the hinge, a prime location that enables it to fire sound upward and outward regardless of its position. The battery life is average, but should be more than enough for most people. Overall, it's a great choice for those who want a powerful laptop with a great keyboard, excellent sound, and a flexible design that enables it to double as a tablet. But that doesn't mean it comes without drawbacks. The 720p webcam is fairly dim, which might make video calls less pleasant. There are plenty of ports, including one USB-A and two USB-C slots with Thunderbolt 4 for connecting accessories. But all of those ports are located on one side, which could be inconvenient.Best college ChromebookGoogle$649.00 FROM BEST BUY$649.00 FROM GOOGLEGoogle's Pixelbook Go combines a sleek design with an incredible keyboard and a surprising level of hardware for its starting price.Price: Starts at $650Screen: 13.3-inch touchscreen, FHD (1,920 x 1,080) up to 4K (3,840 x 2,160) LCDProcessor: 8th Gen Intel Core m3 up to Core i7Operating system: Google Chrome OSMemory and storage: 8GB up to 16GB RAM, 64GB up to 256GB SSDPros: Excellent display, incredible keyboard, lightweight and slim, long battery lifeCons: Fan-less CPU, pricey upgrades, no biometric login, small-capacity storage If you want a Chromebook that's a bit more powerful, check out Google's own Chromebook, the Pixelbook Go. Despite its attainable starting price, the Pixelbook Go provides a shockingly luxurious portable computing experience that similarly priced laptops can't match. For example, the Pixelbook Go has a 1080p touch-capable display with a 1080p camera, in addition to 8GB of RAM. However, the Pixelbook Go does come a bit short on storage, at least local storage. With merely 64GB of space in the entry configuration, it leans heavily on Google Drive cloud storage, which starts at $2 per month (or $20 per year) for 100GB more space (online connectivity required). Still, most other Chromebooks at this price point offer either the same or less local storage. Finally, the Pixelbook Go's battery can last for up to 12 hours, by Google's measure, putting it in line with the MacBook Air. We adore the Pixelbook Go for its silent and comfy keyboard as well as its overall offering of premium hardware for a relatively budget price. At its starting configuration, this is the best Chromebook for the money, although not the cheapest. However, if you're looking at the priciest model — with an Intel Core i7 CPU, 16GB of RAM, a 256GB SSD, and a 4K Ultra HD screen — we'd recommend seeking a high-end laptop running Windows or macOS instead.The Lenovo Chromebook Flex 5, the other Chromebook we recommend, is better for students on a budget. You should buy the Pixelbook Go if you prefer Chrome OS to Windows and MacOS and crave the best Google has to offer.Best college laptop for codingDell$1949.99 FROM DELLThe Dell XPS 17 supports long coding sessions with a massive display, excellent performance, and a class-leading keyboard.Price: Starts at $1,911Screen: 17-inch non-touch, FHD (1,920 x 1,200) LCDProcessor: 11th Gen Intel 8-Core i7Operating system: Windows 11Memory and storage: 16GB RAM, 512GB SSDPros: Massive and attractive display, strong performance, class-leading keyboardCons: Large and heavy, limited ports, very expensive with upgrades  Most Windows laptops will work for coding, but students who want to cram comfortably should consider the Dell XPS 17. Its headline feature is a massive 17-inch display with a 16:10 aspect ratio. This results in a huge workspace with room to use multiple windows side-by-side. That's helpful if you want to preview the results while writing code or need to flip between projects quickly. The XPS 17 offers a variety of configurations. The $1,900 base model is fast enough for most users, but students with demanding needs can stack on the upgrades. A top-tier Dell XPS 17 will pack a 12th Gen Intel Core i7 processor, Nvidia RTX 3050 or Intel Xe graphics, a 4K display, 64GB of RAM and 2TB of storage. It will also be priced at $3,282, so be careful about going overboard. Connectivity might be a sore spot. The XPS 17 has four Thunderbolt 4 ports but no USB-A ports, so you'll need a dongle to use older peripherals. It does have a 3.5mm audio jack and an SD card reader, at least. This is a large laptop but, thanks to thin display bezels and a lightweight design, it will fit in many bags designed for a 15-inch laptop. It also has decent battery life, delivering around seven to nine hours in typical use. That's great for a laptop with the XPS 17's strong performance.Best college laptop for photo and videoApple$1999.00 FROM APPLE$1999.00 FROM BEST BUYApple's MacBook Pro 14 packs outstanding performance in photo and editing programs, yet a full battery can power multiple days of use.Price: Starts at $2,000Screen: 14.2-inch, 3,024 x 1,964 Mini-LED, 120Hz refresh rateProcessor: Apple M1 Pro up to M1 MaxOperating system: MacOS Monterey Memory and storage: 16GB up to 32GB unified memory, 512GB up to 8TB SSDPros: Excellent performance in demanding apps, best-in-class battery life, unbeatable displayCons: Expensive base configuration, small display size Students working with photos, video, and other media should head straight for Apple's MacBook Pro 14. Powered by the company's own M1 Pro processor (with the M1 Max available as an upgrade), the Pro 14 delivers top-notch performance in demanding applications. It will generally outperform price-competitive Windows laptops. The MacBook Pro 14 has a class-leading Mini-LED display. It provides excellent sharpness, covers the DCI-P3 color gamut often used for professional photo and video editing, and has unparalleled support for HDR content. It's a great display for mastering content.  Better yet, the MacBook Pro 14 has amazing battery life. Apple quotes up to 17 hours, which is obtainable if you stick to web browsing. Heavier loads will drain the battery more quickly but, in most cases, it can handle a day of back-to-back classes and have several hours of use left over. You must pay for the laptop's perks, as the Apple MacBook Pro 14 starts at $2,000. A top-tier configuration with an Apple M1 Max processor, 64GB of RAM, and 8TB of storage rings up at $5,900. The upgrades can be tempting, but the base model will handle the needs of most multimedia students. Apple has special pricing for students with access to the program. This will knock the base model's price to $1,850, while a top-tier model is reduced to $5,360.One downside to the MacBook Pro 14 is its 14.2-inch display. This keeps the laptop highly portable but might seem tight when editing content. The larger MacBook Pro 16 provides more space but increases the base price to $2,500.Best college laptop for 3D and gamingAmazon$1269.86 FROM AMAZONAcer's Predator Helios 300 delivers excellent 3D performance at a surprisingly low price.Price: Starts at $1,200Screen: 15.6-inch non-touch, FHD (1,920 x 1,080) LED, 144Hz refresh rateProcessor: Intel 8-Core i7Operating system: Windows 10 Memory and storage: 16GB RAM, 512GB SSDPros: Excellent 3D performance, great connectivity, low priceCons: Bulky and heavy, short battery lifeThe Acer Predator Helios 300 is an outstanding college laptop for students who need (or want) a laptop for 3D applications. This could include students interested in 3D modeling or CAD programs as well as those who want to play 3D games after class. This Acer has an Nvidia RTX 3060 graphics chip that will handle modern 3D apps and games with ease. It's paired with an eight-core Intel Core i7 processor and 16GB of RAM. Performance is excellent in a wide variety of tasks from coding to photo editing, but 3D apps are where it stands out.However, this laptop makes trade-offs to deliver performance at a reasonable price. It's large, heavy, and has a modest battery that lasts only four to five hours in typical use. You'll need to pack the power adapter if you'll be on campus all day. The cooling fans can be loud under full load, though this is true of all Windows laptops with a powerful graphics chip.Connectivity is a highlight. The Acer Predator Helios 300 has USB-A, USB-C, Ethernet, HDMI 2.1, and Mini-DisplayPort. You won't need a dongle to connect most devices, including external displays. The laptop's pricing is attractive as well. The Acer Predator Helios 300 is typically $1,300. We wouldn't call that affordable, but it's excellent given the hardware offered here. This laptop can go toe-to-toe with competitors priced closer to $2,000.What else we consideredMost students will find a laptop suited for their needs among the best laptops above, but they are far from the only laptops we tested. Acer Aspire 5 ($400): The Acer Aspire 5 is not as affordable as our top budget pick, but it runs Windows and has a slightly quicker processor.Acer Nitro 5 ($840): This entry-level gaming laptop is similar to the Acer Predator Helios 300, which we recommend, but has less capable hardware. Apple MacBook Pro 13 ($1,200): The MacBook Pro 13 is a capable college laptop with a great display and keyboard, but the MacBook Air is a better value.Apple MacBook Pro 16 ($2,500): Apple's powerful MacBook Pro 16 is expensive for a college laptop. Still, some students may prefer its large display. Asus Chromebook Flip CX5 ($725): This capable Chromebook is a good alternative to the Google Pixelbook Go.Asus TUF Dash 15 ($950): The Asus TUF Dash 15 is a good budget gaming laptop with solid performance, though it has less RAM than we'd like.Dell XPS 15 ($1,300): Dell's XPS 15 is a solid Windows laptop, but the XPS 17 is a better performer in most situations.HP 14 ($500): The HP 14 is a capable, basic Windows laptops available at an attractive price. Microsoft Surface Laptop 4 ($800): The Surface Laptop 4 is a premium Windows laptop available with 13-inch and 15-inch displays, but we recommend Dell's XPS line for most students.Microsoft Surface Pro 8 ($1,100): An excellent 2-in-1, the Surface Pro 8 is versatile and portable. Its performance is modest, however, and the price is high for what you receive.What to look for in a college laptopThe hardware inside of your laptop — often referred to as the "specs" — will determine how well it will run on a daily basis, and how long it should last before it gets replaced. All of the laptops in our guide should have enough processing power, storage, memory, and battery longevity to last for at least an entire four-year term of study. Of course, the more powerful laptops will be faster and could last a lot longer, but they're more expensive. You'll have to look within your budget, but we are recommending laptops that work for most college students.We're here to help you understand all the key aspects of a laptop and how they can play into your ability to use the machine for college. OS and software support Each of the laptops in our guide runs one of the three major operating systems (OS): Windows, MacOS, and ChromeOS. Each OS has its own set of pros and cons. Windows 11: Windows is the most popular computing operating system, and you'll have no problem finding the right software to help get your work done. It's also the best OS for games if that's how you plan on spending your free time. Windows 11 is the latest version of the Windows operating system, and you may want to learn more about Windows 11 before buying a new laptop.Windows 10: This older version of Windows is still found on some new Windows laptops. However, most offer a free Windows 11 upgrade. Check the manufacturer's website to confirm this.MacOS: Like Windows, MacOS is a fully fledged OS with a robust library of apps. If you need a popular app to get your work done, it's almost definitely available for the Mac. The downside is that MacOS only runs on Apple hardware. The upsides are that MacOS has far fewer viruses than Windows, and it shares many of the same apps as the iPhone.ChromeOS: ChromeOS is different from MacOS and Windows because it's based on Google's Chrome browser, and it requires online connectivity for much of its functionality. You won't have access to the same types of software as you would on a Mac or PC, but you can still use Google's G suite to write papers, prepare presentations, create and edit spreadsheets, and more. Learn more about whether a Chromebook is right for you.DisplaysThere are three important considerations for a laptop display for school. The first is resolution, which effectively lets you know how clear the picture will be. The short version is that the higher the number, the better the clarity. You'll often see labels such as 720p ("HD"), 1080p ("Full HD"), 4K ("UHD", "Ultra HD", or 2160p). Though more is better, the smaller displays of laptops tend to look perfectly sharp at 1080p, and the upgrade to 4K often comes with major sacrifices to battery life. Size is the next consideration. Smaller 11 and 12-inch displays are better when you only need one window open at a time. Medium-sized 13 and 14-inch models are good for light multitasking but can be difficult if you're not comfortable with small text. Larger 15.6- and 17-inch displays offer more workspace but will often mean bigger, heavier devices. Then there's brightness, which is often measured in nits. A display that's rated at 300 nits or below will be hard to use outdoors in bright conditions. Higher-brightness displays may work better outdoors, as can displays that offer a matte or anti-glare finish.ProcessorsYour processor is going to play heavily into how speedy your computer feels. Luckily, outside of gaming, engineering, or digital art, most modern processors you'll find in laptops will do just fine for school work. If the laptop you're looking at has an Intel processor, know that 8th-Gen Intel Core processors and newer will all but guarantee decent performance. If you don't see a generation listed, you can always find it out by looking at the processor's name, as the generation number always appears in the underlined spot in the examples: Intel Core i7-9700, Intel Core m3-8100Y, Intel Core i5-11300H. For AMD processors, you'll find Ryzen 3000, 4000, and 5000 series processors are up to snuff. For higher performance needs look for Intel or AMD processors that have an H at the end of their model name – these indicate higher-power models that can offer more cores or boost speeds. Memory Your computer's memory, or RAM (random access memory), is what keeps all your applications up and running. It's measured in gigabytes, and the simple thing to understand is that more is better. For most people, 8GB of RAM is plenty. But if you often work with a lot of windows and tabs open (especially in Chrome), you may start to use it all up. Your computer can start to feel a lot slower if all your RAM is getting used, and you may have programs crash. The upgrade to 16GB will more likely than not cover most users' needs outside of 3D modeling or high-res video editing. You may even be able to get by on 4GB if you tend to use your computer lightly for word processing and browsing with just a few tabs open. StorageIt's easy to keep a lot of important files saved online, so storage has become a bit less important for our laptops. You likely don't need a terabyte on your laptop if you stream movies and music. If you plan to game after class, that's when extra storage will be most crucial. For non-gamers, 256GB or even 128GB will likely be enough. What's most important is getting solid state storage (or an SSD), as these will make for a system that's lighter and feels much snappier than a system with a hard drive (or HDD). If you think you might need more storage in the future, many USB drives and microSD cards can serve as auxiliary storage while adding almost no bulk or weight to your laptop.PortsThese are surprisingly important. A computer that has only USB-C ports may feel modern, but it can become a pain to interface with a lot of accessories. Many mice, keyboards, and external drives still rely on USB-A ports, so it can be handy to have at least one available. If you want to get high speeds out of the USB connection, check the version: USB 2.0 is fine for a mouse or keyboard, while USB 3.0 and above are handy for external drives thanks to their fast transfer speeds. For even more speeds, you can look for Thunderbolt. It can also be helpful to have a laptop that charges over a USB-C port, since you'll have more options should you need to borrow a friend's charger.WeightThis may seem like a no-brainer, but your laptop's weight is going to matter a considerable amount for school. We'll start with 4 pounds as a baseline. That's a common ballpark for a lot of laptops, and it likely won't feel too heavy in a good backpack during short trips between classes. But, if you often bike or walk with your laptop, aiming for a laptop below 3 pounds can spare you some backaches. Heavier, high-performance laptops can quickly top 7 pounds, and though that may not sound like a lot, you'll quickly start to feel it when combined with your books and other school supplies. And, chargers are a compounding factor, as lighter laptops tend to have lighter charging bricks while heavier laptops have beefier bricks. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderApr 8th, 2022