What I read last week...
Finance & Markets
Bridgewater Associates estimates the COVID-19 hit to US corporations to be around $ 4 Trillion. Without a doubt, the coming months will be challenging for businesses of any kind.
I enjoy reading the memos Howard Marks puts out. His writing puts the current environment in perspective and outlines actionable ideas.
Changing your investment strategies always inherits timing risk. CalPERS unraveled their tail hedging strategy just before the market crashed and missed out on a huge pay-poff.
Technology
Ben Thompson wrote a fantastic piece on the power big tech companies have about user data, their marginal cost advantages and the role of alternative news providers like twitter during the current crises.
Another fascinating article wrote by Ben Evans about the recent growth of different forms of digital communication.