News From the Control Tower - 04/29/2021
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. MacKenzie Scott Gave Away Billions. The Scam Artists Followed.
She has no large foundation, headquarters or public website. That makes it easier to dispense money on her own terms — and for others to prey on the vulnerable in her name.
2. Robinhood, Three Friends and the Fortune That Got Away
A trio of school photographers in California fell into the online trading frenzy last year, emboldened by dreams, early wins and a circle of online cohorts
3. The Woman Who Shattered the Myth of the Free Market
Robinson helped develop anti-monopoly thought, and was critical to the development of Keynesian economics.
If you have excess wealth, spending money to have experiences, buying time, and giving money away to help others all reliably raise happiness.
5. Design bias is harmful, and in some cases may be lethal
The world is designed around white men. They share it with everyone else
Bonus: Stranded sailor allowed to leave abandoned ship after four years
It marks the end of an ordeal which has taken its toll on Mohammed's physical and mental health. He was, after all, condemned to a life without power, sanitation or company.