What We’re Reading
Risk:
There were fewer cars on the road last spring during the height of the pandemic, but traffic fatality rates increased 30% in the second quarter as evidence suggests drivers engaged in more risky behavior, federal officials say.
Hundreds of thousands of cancer screenings were deferred after worries about Covid-19 shut down much of the U.S. health-care system starting this spring. Because many cancers can advance rapidly, months without detection could mean fewer treatment options and worse outcomes, including more deaths.
‘Hotel prices shot up, ride-hailing apps crashed, tickets to the Great Wall sold out: after more than nine long, housebound months, almost half a billion Chinese people are taking a vacation.’
The median monthly rate for a studio in the city tumbled 31% in September from a year earlier to $2,285, compared with a 0.5% decline nationally, according to data released Tuesday by Realtor.com. One-bedroom rents in San Francisco fell 24% and two-bedrooms were down 21%, to $2,873 and $3,931 a month, respectively.
In investment and life it is important to have principles—things you believe in deeply and are willing to stick to even when they are unpopular and costly. But only fanatics make every decision a matter of principle. The basics of quant investing, rigorous and skeptical consideration of all evidence plus insistence on logical theory, are sound principles in good times and bad. But principles are only general guides. Wise investors allow themselves flexibility in execution.
Have a good weekend, stay safe.