Friday's Fast Five: Week of 8.16
What Our Brains Know About Stocks—but Won’t Tell Us (The Wall Street Journal): Thinking we know more than we do—overconfidence—may be our biggest handicap as investors. Knowing more than we realize, but not being able to use what we know, is another obstacle. It’s a mystery that’s finally getting some attention.
The Secret Battle for the Future of the Murdoch Empire (The New York Times): Rupert Murdoch is locked in a secret legal battle against three of his children over the future of the family’s media empire, as he moves to preserve it as a conservative political force after his death, according to a sealed court document obtained by The New York Times.
A Top Miami Broker on the Booming Market for Ultra-Luxury Home (Odd Lots - Podcast): In this episode, we speak with Dina Goldentayer, the No. 1 individual real estate agent for broker Douglas Elliman. She's been active in the Miami area for almost two decades and has seen the market for ultra-luxury homes boom alongside her career. We talk about the difference between being a realtor who sells homes for $500,000 versus one that sells homes for $5 million, and whether billionaires are really buying houses after seeing them on TikTok.
Metal Thieves Are Stripping America’s Cities (The New York Times): Across the country, copper and other valuable materials have been stolen from streetlights, statues and even gravesites, costing millions to repair.
The Business of Selling Out Is Warping the Music Industry (Bloomberg):The age of streaming has created huge incentives for publishers to exploit music copyrights. From Whitney Houston slot machines to Bing Crosby beer, here's how stars' work and likenesses are being resuscitated.