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Much of US equity market structure is driven by this basic fact, that it is better to trade with retail customers than it is to trade with professional investors.
The SEC Wants More Stock Auctions
bloomberg.com
Yunnan resists any underlying unity in its cuisine.
2022 Letter | Dan Wang
danwang.co
The reason to start with 1960 is that that was the last time actors and writers were on strike at the same time; the primary driver of that unrest was the rise of television. As for the last actors strike, in 1980? That was about the rise of home video. This leads to the first takeaway: the most important driver of unrest between studios and talent has always been technological paradigm shifts, and this time is no different.
Hollywood on Strike – Stratechery by Ben Thompson
stratechery.com
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