Top 5 Reads of the Week | March 26, 2019

Top 5 Reads of the Week | Barron'sWhat the Yield Curve Inversion Really Means,
According to the Professor Who Discovered It

by Campbell Harvey | Barron’s

The average time to recession in the modern era is 58 months—and we are now at 117 months, or more than double the average. The time is right.”

 


Top 5 Reads of the Week | BloombergThe Amazing Admissions Advantages
for Athletes at the Apex of Academia

by Justin Fox | Bloomberg

If you were wondering why so many of the students caught up in the Varsity Blues college admissions scandal’s faked sports credentials, this is a key reason. Getting recruited as an athlete is perhaps the single biggest leg up one can get in the elite-college admissions game in the U.S., far bigger than being a member of a minority group or an alumni child.”


Top 5 Reads of the Week | CFA InstituteThe Discovering Markets Hypothesis (DMH)
by Thomas Mayer, CFA, PhD | CFA Institute

All this implies that we should not expect to be able to predict market outcomes. But by understanding how markets move, we can better focus on what is important for the result. Identifying and observing the drivers of market developments can help us narrow down the range of outcomes.”


Top 5 Reads of the Week | NatureScientists rise up against statistical significance
by Valentin Amrhein, Sander Greenland & Black McShane | Nature

The objection we hear most against retiring statistical significance is that it is needed to make yes-or-no decisions. But for the choices often required in regulatory, policy and business environments, decisions based on the costs, benefits and likelihoods of all potential consequences always beat those made based solely on statistical significance.


Top 5 Reads of the Week | Market Watch

‘American Pie’ singer Don McLean has made $150
million in his career — here’s how he’s invested it

by Steven Kutz | Market Watch

I like to learn things. I don’t like people telling me things if I can learn what they know. That’s the problem with being a star or a celebrity or a person with a few bucks. You end up being mollycoddled...”