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S14Stocks for the Long Run | Jeremy SiegelProfessor Jeremy Siegel talks about his bestselling book and how investment strategies have changed over the years.Wharton finance professor emeritus Jeremy Siegels bestselling book, Stocks for the Long Run, was first released in 1994 and is now in its sixth edition. Siegel talks about what has changed in investment strategies, and what remains the same. This episode is part of the Meet the Authors series.
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S2Arguments against dark matter in the Bullet Cluster fall apartIts one of the most well-accepted ideas in the Universe, and yet one of the most controversial: the notion of dark matter. Here in the Solar System, the Sun and planets are enough to explain all of the gravitational effects that we see: simply use the law of general relativity and what you predict matches what you observe exactly. But on larger scales the scales of galaxies, groups and clusters of galaxies, and even the grand cosmic web the normal matter that we know of, including everything made of protons, neutrons, and electrons, simply isnt sufficient to explain what we observe. Some other massive ingredient, i.e., dark matter, is needed to bring things back into alignment.On the scale of a single galaxy and below, other explanations, such as modifications to gravity, are just as successful as dark matter, with MOND being a prime example. In fact, tests of wide binary stars may soon be able to test these ideas against the notion of dark matter directly. But on larger cosmic scales, such as the scales on which clusters of galaxies collide, those same modifications of gravity are no longer successful, but dark matter remains perfectly valid.
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S3Why the "future-ready mindstate" is the best operating system for your work-lifeOne evening in August 2020, I prepared to leave my home in the Santa Cruz Mountains in California, not at all sure it would be there when I returned. Fierce lightning storms had caused wildfires to break out across the county, and for more than two weeks I watched the fires coming closer every day. I wasnt surprised when a sheriff rang my doorbell and handed me an evacuation order.With just ten minutes to get out, I had a decision to make that I knew would have a lasting impact on myself and my family. There was nothing I could do to stop this fire from taking our home. The only thing I could control was my attitude toward what we were about to experience. In this urgent moment, I decided to focus not on my fear but on the opportunity in front of us.
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S4Talking to your infant is likely a modern phenomenon. Here's why.In the Western world, parents are urged to talk to their infants soon after theyre born and to keep talking to them. Chat about everyday things, read books, tell stories, sing songs, Australias Raising Children Network recommends. This advice didnt come out of nowhere. Decades of research suggest that incessant, child-directed speech might be the main driver of language development.But theres a problem with much of this research its WEIRD, or originating from Western, Educated, Industrialized, Rich, and Democratic countries. In the United States and other WEIRD nations, people often live in small, isolated families, their lives augmented by technology. But for much of humanitys existence, people didnt live like this. The societal gulf raises two questions. Is frequent adult-to-child direct speech really the single, optimal pathway to language development? And could it be that children raised in Western settings learn language differently from how our ancestors did?
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S5The feedback frights: Why something so important to growth seems so difficultThe concept of feedback often conjures negative premonitions of lectures, reprimands for honest mistakes, and uncomfortable performance appraisals. Anxiety, even dread, isnt uncommon on either side of the conversational table.Such fear stems, in part, from the perception that feedback is inherently adversarial. Employees feel the need to protect themselves from censure, while leaders assume any criticism will lead to hurt feelings or resentment. At the same time, organizations tend to over-rely on annual performance reviews as the primary feedback tool, leaving sparse opportunities to develop healthy communication norms.
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S6Why We Should Pay More Attention to Departing CEOsWhen news breaks of a CEO succession, much of the attention is given to the new leader and how they will change the company. But new research shows that the leave-taking process of the outgoing chief executive is often mishandled, with negative impacts on succession and the organization. Rebecca Slan Jerusalim, an executive director at Russell Reynolds Associates, and Navio Kwok, a leadership advisor at RRA, say that boards are often surprised when a CEO gives notice, and they often make that person feel excluded during the handoff process. The researchers share stories from the front lines about CEO psychology, best practices for outgoing leaders and their boards, and broader lessons for effective transitions. Jerusalim and Kwok wrote the HBR article The Vital Role of the Outgoing CEO.
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S7Creating Stability Is Just as Important as Managing ChangeWhen we think about change at work today, we tend to assume its inevitability and focus our attention on how to manage it what methods and processes and technology and communication we need to put in place to have it move ahead more smoothly. Of course, some change is necessary, and some is inevitable. But not all of it. What the scientific literature on predictability, agency, belonging, place, and meaning suggests is that before we think about managing change, we should consider the conditions that people need at work in order to be productive. In this article, the author explains why we should cultivate a renewed appreciation for the virtues of stability, together with an understanding of how to practice stability management.
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S8Non-Fungible Tokens (NFTs) and Brand BuildingHarvard Business School professor Scott Duke Kominers and tech entrepreneur Steve Kaczynski discuss the case, Bored Ape Yacht Club: Navigating the NFT World, and the related book they co-authored, The Everything Token: How NFTs and Web3 Will Transform The Way We Buy, Sell, And Create. They focus on the rise and popularity of the Bored Ape Yacht Club NFTs and the new model of brand building created by owning those tokens.
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S9Post-Vacation Blues? Here's How to Cope.Call it the post-vacation paradox: Instead of feeling recharged and refreshed upon returning to work after a break, youre drained and struggling to regain your drive. In this article, the author shares insights from two experts on how to boost your motivation and feel more confident about returning to work.
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S10Enlist Medical Specialists in the Drive to Improve Population HealthIn many countries, when patients see specialists such as surgeons, the physician focuses on the primary health issue and does not screen the patient for chronic conditions or unhealthy behaviors. This is a missed opportunity. Programs that have been launched in Michigan, North Carolina, and England to address this problem can serve as a model for other regions and health systems.
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S11S12S13This Media Bias Detector Analyzes News Reports in Real TimeResearchers from Wharton and Penn have developed a new tool to equip news consumers with a way to gauge bias in media.The 2024 U.S. presidential debates kicked off June 27, with President Joe Biden and former President Donald Trump sharing the stage for the first time in four years.Duncan Watts, a computational social scientist from theUniversity of Pennsylvania, considers this an ideal moment to test a tool his lab has been developing during the last six months: theMedia Bias Detector.
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S15AI that connects the digital and physical worlds"While language models may help generate new ideas, they cannot attack the hard part of science, which is simulating the necessary physics," says AI professor Anima Anandkumar. She explains how her team developed neural operators AI trained on the finest details of the real world to bridge this gap, sharing recent projects ranging from improved weather forecasting to cutting-edge medical device design that demonstrate the power of AI with universal physical understanding.
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S16S17It's another bloody power struggle for Rome's future in Gladiator II trailerRidley Scott's epic 2000 historical drama Gladiator was a blockbuster hit that has become a classic over the ensuing two decades, thanks to powerful performances and spectacular special effectsespecially in the gladiator arena. The director has long wanted to make a sequel, and we're finally getting Gladiator II later this year. Paramount Pictures just dropped the first trailer, and it promises to be just as much of a visual feast, as a new crop of power players (plus a couple of familiar faces) clash over the future of Rome.
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S18S19FCC to block phone company over robocalls pushing scam "Tax Relief Program"The Federal Communications Commission said it is preparing to block a phone company that carried illegal robocalls pushing fake programs that promised to wipe out consumers' tax debt. Veriwave Telco "has not complied with FCC call blocking rules for providers suspected of carrying illegal traffic" and now has two weeks to contest an order that would require all downstream voice providers to block all of the telco's call traffic, the FCC announced yesterday.
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S20S21S22Why every quantum computer will need a powerful classical computerOne of the more striking things about quantum computing is that the field, despite not having proven itself especially useful, has already spawned a collection of startups that are focused on building something other than qubits. It might be easy to dismiss this as opportunismtrying to cash in on the hype surrounding quantum computing. But it can be useful to look at the things these startups are targeting, because they can be an indication of hard problems in quantum computing that haven't yet been solved by any one of the big companies involved in that spacecompanies like Amazon, Google, IBM, or Intel.
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S23S24S25Drug middlemen inflate US prices, squeeze out competition, FTC saysFirms that serve as intermediaries to negotiate and control prescription drug access in the US "wield enormous power," largely with "extraordinarily opaque" business practices, and may be "inflating drug costs and squeezing Main Street pharmacies" for profit, according to a searing interim report released Tuesday by the Federal Trade Commission.
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