Reading suggestions for this holiday long weekend
Hedge funds are “too busy surviving to hire robots,” Bloomberg warns, writing that while the industry is far from dead (contrary to recent mems), its focus on the threat from low-cost passive investing strategies sees it overlooking artificial intelligence. Name-checked in the story and worth downloading: EY’s 2017 Global Hedge Fund and Investor Survey (pdf), headlined “How will you embrace innovation to illuminate competitive advantages?”
Also worth a read from Bloomberg: The very artfully laid out rundown on who in finance and business is big on bitcoin and who isn’t — from Lloyd Blankfein to Tidjane Thiam, Warren Buffet, Peter Thiel, and Prince Alwaleed bin Talal and at least a dozen more. Why does it matter? The cryptocurrency is up 1,270% in the past 12 months. Read: Bitcoin Bulls and Bears, then head over to the Financial Times and peruse Drivers and risks of the cryptocurrency boom, a neat little Q&A about the industry right now.
Need something longer for a flight or the haul to Gouna? Fire up your Kindle, open iBooks or head to the nearest bookstore (if you live in a city that has one worth visiting) to arm yourself with a selection from the Financial Times’ business book of the year feature. The long list of nominees is here, the six-book short list is here (including the excellent The One Device), and the winner is Janesville, “a deeply reported story about the impact of factory closure on a US community.”
Not nominated, but recommended for its combination of nostalgia and business storytelling: Console Wars: Sega, Nintendo, and the Battle that Defined a Generation.
A snarky, shorter-form offering: The magical thinking that misleads managers, or “A handy guide to sorcery and superstitions in modern leadership,” from the Financial Times.
Not in the mood for finance or business stuff on your break? How about serial killers? (Same-same, right?) A very cool piece in the New Yorker estimates that some 2,000 serial killers are at large in the United States — far more than the FBI acknowledges. Go read The Serial-Killer Detector: How an algorithm is discovering new links between unsolved murders.
Need to really unplug your brain: Business Insider has All 42 of Netflix’s notable original movies, ranked from worst to best.
But what we really think you should watch: Sharing Things, the official Sesame Street parody of Stranger Things, complete with the Cookiegorgon from the Snackside Down (watch, runtime: 6:00).