10 Weekend Reads – The Huge Image

• This Isn’t Your Father’s Marijuana Use: A brand new research exhibits pot use has exploded—surpassing every day alcohol use in 2022. Efficiency is manner up, too. Ideas on the brand new age of weed and what to do. (Washington Month-to-month)

• The Algorithm Behind Jim Simons’s Success: Except you’re a quant, the precious classes are about how Simons did what he did (and why), not what he did particularly. Whereas a e-book containing Renaissance’s secretive algorithms can be an instantaneous bestseller, its worth would vanish virtually instantly as a horde of opponents exploit the identical inefficiencies. (Alchemy of Cash)

• The 84-Yr-Outdated Man Who Saved Nvidia: It’s a $2 trillion firm immediately. It wouldn’t exist with out somebody referred to as Irimajiri-san. (Wall Avenue Journal)

• An Open Letter to Vanguard CEO, Salim Ramji: You’ve bought an unimaginable alternative to be much less boring (Echo Seashore)

• How Does the Inventory Market Carry out in an Election Yr? Each 4 years we hear that “this is likely to be crucial election of your life.” However with hovering debt, rising geopolitical instability, and continued financial uncertainty, this time they could simply be proper. However, earlier than we have a look at how U.S. shares would possibly carry out after a Biden or Trump victory, let’s have a look at how shares are inclined to carry out earlier than and after a U.S. presidential election basically. (Of {Dollars} and Information)

• Slippery Slope: How non-public fairness shapes a ski city: The forces which might be remaking the Mountain West—the consolidation of land and wealth within the arms of some, the circulation of world capital, the substitution of company energy for civic authority—are uniquely seen in Huge Sky, the place non-public pursuits have an effect on the very construction of the group. Tucker Roundy, who moved to Huge Sky eleven years in the past and commenced stocking cabinets on the Hungry Moose Market and Deli, used a typical phrase when describing the group’s dynamics to me. “With Lone Mountain shopping for the City Middle space, it’ll be attention-grabbing to see what the subsequent 5 to 10 years maintain for Huge Sky,” he mentioned, “and the way a lot of an organization city it turns into.” (Harper’s)

• Homes Up, Condos Down. What’s Promoting within the Hamptons These Days? Costs, gross sales and obtainable properties have all elevated throughout the 12 months, largely pushed by high-end properties. However apartment costs are sagging. (New York Instances)

• Weird Spinosaurus makes historical past as first recognized swimming dinosaur: A newfound fossil tail from this large predator stretches our understanding of how—and the place—dinosaurs lived. (Nationwide Geographic)

• Fasten Your Seatbelts: What You Must Know About Turbulence. Latest incidents with turbulence throughout air journey increase questions on this difficult climate phenomenon. Right here’s what we find out about it and the right way to keep protected. (New York Instances)

• Studio Musicians Are Nonetheless Ready For Credit score In The Streaming Period: The music trade has been promising music credit on the streaming companies for greater than a decade. They’re having one other convention about it in Nashville this week, the place some well-meaning individuals will as soon as once more talk about the nerdy, vexing problem of “metadata.” To be honest, it’s not a straightforward downside, and the enterprise can level to some progress. However this report finds that in a world the place public-facing databases can monitor 20 million UPS packages a day, baseball profession statistics from 100 years in the past to final night time, and hundreds of thousands of world Bitcoin transactions, musician credit stay incomplete and exhausting to entry. (WMOT)