Winnie Shi
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on the atlas — 117
- The Brand Age12 savers
- How to Do What You Love13 savers
- The World’s Energy Safety Net Is Buckling - WSJ1 savers
- American Aviation Is Near Collapse - The Atlantic1 savers
- What Makes You You? — Wait But Why2 savers
- What is a mega backdoor Roth? | IRA conversion | Fidelity4 savers
- How to Keep Winning11 savers
- Sometimes the reason you can’t find people you resonate with is because you misread the ones you meet32 savers
- Barron's | Blackstone vs. BlackRock: The Greatest Wall Street Frenemy Story Ever Told1 savers
- Another Country Summary and Study Guide | SuperSummary1 savers
- Roger Federer’s commencement speech wasn’t just a viral moment. It was masterful - The Athletic1 savers
- What Mormon Family Trees Tell Us About Cancer - The Atlantic1 savers
- The Era Of The Business Idiot1 savers
- What the Comfort Class Doesn’t Get - The Atlantic1 savers
- Opinion | The Problem With Everything-Bagel Liberalism - The New York Times2 savers
- the friendship theory of everything69 savers
- Never Forgive Them1 savers
- How To Understand Things - Nabeel S. Qureshi18 savers
- Why I Lugged My 27-Pound Toddler to a Rocket Launch — Wait But Why2 savers
- Opinion | Why It Matters That Jesus Came From a Dysfunctional Family - The New York Times2 savers
- Thoughts on Man's Purpose in Life - Speech by Adm. Hyman G. Rickover5 savers
- How To Understand Things - Nabeel S. Qureshi12 savers
- nabeelqu15 savers
- Affirmative action2 savers
- Hurricane season 2024: Gulf of Mexico faces extreme heat | Vox1 savers
- America’s Hurricane Luck Is Running Out - The Atlantic1 savers
- OpenAI Is A Bad Business1 savers
- Why the Internet Should Not Be Treated As A Public Utility | by Tiani Christian | Medium1 savers
- Opinion | Why treating the Internet as a public utility is bad for consumers - The Washington Post1 savers
- Public Broadband Internet Isn’t a Luxury — It’s a Necessity1 savers
- Founder Mode21 savers
- Monopoly Money1 savers
- Gmail106 savers
- The Real Reason South Koreans Aren’t Having Babies - The Atlantic2 savers
- The Women of Rural America Are Dying Too Young - The Atlantic2 savers
- Some Rough Advice for the "Real World" - YouTube2 savers
- The End of Netanyahu - The Atlantic2 savers
- Curius / Onboarding2621 savers
- How to Do Great Work80 savers
- The days are long but the decades are short - Sam Altman72 savers
- How to Do Great Work67 savers
- Cultivating a state of mind where new ideas are born65 savers
- How to Pick a Career (That Actually Fits You) — Wait But Why61 savers
- Why I do what I do | Jocelyne Murphy58 savers
- sparkly people and how to find them - by Anson Yu53 savers
- Things You Learn Dating Cate Hall - by Sasha Chapin52 savers
- Stop trying to have "interesting" friends - by Eli Qian45 savers
- crushes are often just misplaced ambition - by Isabel42 savers
- Think more about what to focus on - by Henrik Karlsson41 savers
- To Enjoy UWaterloo40 savers
- Advice for Early Career — Celine Halioua39 savers
- Stop trying to try and try32 savers
- Sam Altman30 savers
- Calvin and Hobbes at Martijn's - Bill Watterson30 savers
- Tyler’s guide to falling in love with NYC28 savers
- More people should write « the jsomers.net blog28 savers
- friendships, play, and love | arielle lok27 savers
- As We May Think26 savers
- A List of Interesting Questions for People to Get to Know Their Friends, Family, Lovers, Coworkers, Nemeses, and Selves Better - Google Docs26 savers
- The friendship problem - by Rosie Spinks25 savers
- How to Learn Better in the Digital Age25 savers
- Pace Layering: How Complex Systems Learn and Keep Learning · Journal of Design and Science23 savers
- ChatGPT Is a Blurry JPEG of the Web | The New Yorker22 savers
- Instead of your Life's Purpose - by existentialpervert6921 savers
- How to write good prompts: using spaced repetition to create understanding21 savers
- Unhinged: Curiosity as Ambition — NPC #78820 savers
- arielle lok20 savers
- An open letter to 56 people I know - by Sasha Chapin20 savers
- 10 things I wish I knew about careers when I started19 savers
- How to Work Hard18 savers
- Having Kids17 savers
- no good alone - by rayne fisher-quann - internet princess17 savers
- Familiarity and Belonging - by Simon Sarris16 savers
- The Backdoors. - by Joss - box.16 savers
- School is Not Enough - by Simon Sarris15 savers
- 👫 relationships are challenging + a lot of work - @visakanv's blog15 savers
- Advice to Young People, The Lies I Tell Myself - jxnl.co14 savers
- math team - by benedict - bene dictio14 savers
- On Oppenheimer and Progress14 savers
- How I Attained Persistent Self-Love, or, I Demand Deep Okayness For Everyone14 savers
- How to Pick Your Life Partner - Part 1 — Wait But Why14 savers
- Ronald McDonald just chased me thru the play place and I spilled my apple juice13 savers
- The Hypocrisy of Elites - by Erik Torenberg13 savers
- everything’s beautiful - by jennifer tsai - jenn's journal13 savers
- Making Normal Conversations Better - by Sasha Chapin12 savers
- You can do more than you think: Practical principles for self-directed growth - Blog - Recurse Center12 savers
- How To Grow (Up) In 5 Years. You convince somebody who knows you… | by Michael Dempsey | Moving Through Life | Medium12 savers
- find your person & marry them12 savers
- Why the Past 10 Years of American Life Have Been Uniquely Stupid - The Atlantic12 savers
- Don't End The Week With Nothing11 savers
- 10 Types of Odd Friendships You're Probably Part Of — Wait But Why11 savers
- Advice11 savers
- The Zoomer Question - American Affairs Journal10 savers
- fall 23 syllabussy | arielle lok10 savers
- 10 things I wish I knew about careers when I started10 savers
- Life is Short9 savers
- Jaclyn - straightupjac8 savers
- What even is an institution?8 savers
- Society's Technical Debt and Software's Gutenberg Moment8 savers
- Peter Thiel Is Taking a Break From Democracy - The Atlantic7 savers
highlights — 567
To make matters worse, Swiss watches were about to become much more expensive. The Bretton Woods agreement, which since 1945 had fixed the exchange rates of most of the world's currencies, had set the Swiss Franc at an artificially low rate of .228 USD.
The Brand AgeThe SEC mandates that companies report the “PV-10” of their proved reserves, the present value of estimated future oil and gas revenues, discounted at 10%.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsThe Mechanics: Crack Spreads and Complexity Refiners do not care about the absolute price of oil, they care about the margin between the cost of crude and the selling price of the refined products. This is known as the crack spread, famously tracked via the 3-2-1 crack (buying 3 barrels of crude to produce 2 barrels of gasoline and 1 barrel of diesel).
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market Gemsthe regulatory environment in the West has made it incredibly difficult, expensive, and time-consuming to permit and build new greenfield pipelines.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market Gemsthe European majors currently trade at a structural valuation discount relative to the US supermajors.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsThe LNG Sovereigns: Australian and Asian giants like Woodside, Santos, and Inpex dominate the regional offshore and LNG markets, capturing the massive Asian transition toward natural gas baseload power.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsConversely, deepwater and conventional offshore extraction is a game of patience and massive capital scale.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsHowever, this agility comes at a steep physical cost: shale wells suffer from massive initial decline rates. An unconventional shale well will often see its production drop by 30% to 40% in its first year.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsShale is a short-cycle asset
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsShell is the pioneer of the portfolio-player model, controlling roughly 20% of the global LNG market.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsBy maintaining a higher percentage of uncontracted spot capacity, they act as the high-beta vehicle designed to capture the immediate upside
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsThe Appalachian Heavyweights: Companies like EQT Corp (EQT), Expand Energy (EXE), and Antero Resources (AR) dominate the Marcellus and Utica shales.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsThe United States produces massive volumes of cheap gas (priced at the Henry Hub benchmark around $2.50 to $3.50/MMBtu), while energy-starved Europe (priced at the TTF benchmark) and Asia (priced at the JKM benchmark) often pay between $10 and $15/MMBtu.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market Gemsecause of this physical constraint, natural gas is regionally priced.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsCrucially, a massive portion of US gas is associated gas, meaning it comes out of the ground as a byproduct of oil drilling in places like the Permian Basin.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market Gemshe US is the undisputed king of natural gas,
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsBut the very engineering that makes LNG transportable makes its infrastructure uniquely fragile. While a damaged oil pipeline or conventional crude well can often be patched or bypassed using standard industrial equipment within weeks, an LNG liquefaction train cannot because the extreme temperatures used require bespoke steel, rigorous testing and complex thermal calibration.
The World’s Energy Safety Net Is Buckling - WSJEven if the war ends overnight, it will take the gas market much longer to return to normal than oil,
The World’s Energy Safety Net Is Buckling - WSJSpot market alternatives cost around $24 per million British thermal units, compared with $9 under the Qatari contract
The World’s Energy Safety Net Is Buckling - WSJDeveloping countries in Asia, which get most of their LNG from the Gulf, are in a particularly difficult spot as they are being priced out.
The World’s Energy Safety Net Is Buckling - WSJchanged course mid-voyage. The tanker headed toward a higher-paying buyer in Asia instead of an import terminal in western France, Kpler data shows.
The World’s Energy Safety Net Is Buckling - WSJAs a result of the war, the global LNG market is rapidly devolving into a zero-sum bidding war, as tankers divert midway through transit to chase higher prices.
The World’s Energy Safety Net Is Buckling - WSJUnlike crude, the world has no major strategic gas reserve to tap in an emergency. While some Middle Eastern oil can bypass the Strait of Hormuz through overland pipelines, Qatari LNG lacks alternative exits. Liquefaction facilities, meanwhile, are highly specialized engineering megaprojects that take years to construct and significantly longer to repair than conventional oil fields.
The World’s Energy Safety Net Is Buckling - WSJDeregulation of the airlines in the 1970s made flying cheaper and more widely available. A careful, iterative process of safety regulation culminated in a 16-year period, from 2009 to 2025, when no U.S. airline had a fatal crash.
American Aviation Is Near Collapse - The Atlantic. Between 2015 and 2021, the global upstream industry slashed capital expenditures by an estimated $1 trillion relative to the investment levels required to simply maintain long-run supply. This was not irrational. It was the predictable response to three simultaneous pressures: the collapse of crude prices in 2014 to 2016, the catastrophic capital destruction of the shale boom era, and an accelerating wave of ESG-driven capital withdrawal that effectively blacklisted the sector from large pools of institutional equity and debt financing.
The $7tn Oil & Gas Primer - by Ozeco and Hidden Market GemsThis way of thinking is at odds with the contemporary investment practice of extensively diversifying one’s portfolio as a means of reducing risk, which has the effect of driving many to diversify away from their very best investment ideas.
How Warren Buffett Did It - The AtlanticNo one actually follows this idea (few of us could realistically be that disciplined), but it is a good mental framework nonetheless: a reminder that when you find a really compelling investment, you shouldn’t be afraid to load up.
How Warren Buffett Did It - The AtlanticI used to be a pro gamer, and when my friends and I picked up a new video game, everyone would follow the game's instructions and do the obvious thing. On the other hand, I would explore the edges of the game. I'd explore every weird build, every different weapon, and frankly look like a noob for a long time. That's good. They'll underestimate you. But you're compounding
How to Keep WinningScore yourself on something else: on how many times you dust yourself off and get up, or how much incremental progress you make. Almost always, in your business or life, there are things you can make daily progress on that can make you feel like you're still winning. Start compounding.
How to Keep WinningIf you've set your mind to something, then why ever quit? If you're not dead, then you're still in the game.
How to Keep WinningIf someone seems boring to you, or a bad fit, it might be that you don’t know how to prompt them, that you haven’t seen them react to the context that brings out their full being. You probably don’t know how much beauty lies hidden in the people around you.
Sometimes the reason you can’t find people you resonate with is because you misread the ones you meetThe story of Blackstone and BlackRock isn’t unlike the odyssey of the House of Morgan, broken into J.P. Morgan and Morgan Stanley by the 1933 Glass-Steagall Act, which separated the company into a commercial bank and investment bank, respectively. That division eroded gradually, culminating in the passage of the Gramm-Leach-Bliley Act in 1999, which essentially repealed Glass-Steagall. Today, JPMorgan Chase offers a full range of investment banking services and Morgan Stanley serves millions of retail customers.
Barron's | Blackstone vs. BlackRock: The Greatest Wall Street Frenemy Story Ever Told“Are we in direct competition with Blackstone? I would say, in their two core businesses, no. But in other areas of private [assets], where we have deemed we have an incredible opportunity, [yes].” He added: “I have no intention of going into private equity” with any large-scale acquisition. “I have no intention of being huge in real estate.”
Barron's | Blackstone vs. BlackRock: The Greatest Wall Street Frenemy Story Ever Toldederer may have only won 54 percent of his points, Kosta said, but he always seemed to win the points that mattered most.
Roger Federer’s commencement speech wasn’t just a viral moment. It was masterful - The AthleticIf you lose one point, there’s no use in wallowing, because there might be another point — a break point, a set point — that means more. The match is long. There’s always time to come back
Roger Federer’s commencement speech wasn’t just a viral moment. It was masterful - The AthleticYour goal is to crack the door. To share a little piece of yourself.’”
Roger Federer’s commencement speech wasn’t just a viral moment. It was masterful - The Athletic“No matter what you do, just keep practicing, keep working, keep learning. There are just some things that are very enduring about discipline.”
Roger Federer’s commencement speech wasn’t just a viral moment. It was masterful - The Athleticthe sporting equivalent to Steve Jobs’ famed commencement address at Stanford in 2005 or David Foster Wallace’s speech, “This is Water,” at Kenyon College the same year. When I mentioned the address to a colleague last month, he responded: “I have referenced that speech like 20 times.”
Roger Federer’s commencement speech wasn’t just a viral moment. It was masterful - The AthleticHaving watched his father live a pretty much normal life despite this ticking time bomb of a mutation has given him an equanimous outlook.
What Mormon Family Trees Tell Us About Cancer - The AtlanticThey kept going west and west until there were no towns to be run out of.
What Mormon Family Trees Tell Us About Cancer - The Atlanticand that any social responsibility — say, treating workers well, doing anything other than focus on shareholder value — is tantamount to an executive taxing his shareholders by "spending their money" on their own personal beliefs.
The Era Of The Business Idiotneoliberalism is inherently selfish, believing that the free market should reign supreme, bereft of government intervention, regulation or interference, thinking that somehow these terms will enable "freedom" rather than a kind of market-dominated quasi-dictatorship where our entire lives are dominated by the whims of the affluent, and that there is no institution that can possibly push back against them.
The Era Of The Business IdiotFor example, in his book, Capitalism and Friedman, he argued that companies should be allowed to discriminate on racial grounds because the owner might suffer should they be required to hire an equally or better-qualified Black person.
The Era Of The Business IdiotBut the feeling that the Democratic Party had been hijacked by the comfort class was one of them.
What the Comfort Class Doesn’t Get - The AtlanticThis helps explain why the comfort class tends to vote differently. Someone who feels they don’t fundamentally need to worry about money if things go south will be more willing to vote on their values—issues like democratic norms or reproductive rights—than someone whose week-to-week concern is how inflation affects her grocery budget.
What the Comfort Class Doesn’t Get - The AtlanticBut wealth is not the marker of the comfort class. Security is.
What the Comfort Class Doesn’t Get - The AtlanticIt can be seen above all in the rise of Donald Trump, who won again in part because he—unlike Democrats—didn’t dismiss the “vibecession” but exploited it by addressing what people were feeling: stressed about the prices of eggs.
What the Comfort Class Doesn’t Get - The AtlanticWhat we have is a compounded problem, in which people with generational wealth pull the levers on a society that they don’t understand
What the Comfort Class Doesn’t Get - The AtlanticAmerica has the equivalent of a class apartheid. Our systems—of education, credentialing, hiring, housing, and electing officials—are dominated and managed by members of a “comfort class.”
What the Comfort Class Doesn’t Get - The AtlanticBut the reason rocket launches make people emotional isn’t about that. It’s the feeling of swelling pride that comes from being in awe of your own species. It’s the feeling of hope that comes from being reminded of our insane potential when thousands of people work together toward a goal. It’s the happy version of the post-9/11 feeling of wanting to hug every stranger you see.
Why I Lugged My 27-Pound Toddler to a Rocket Launch — Wait But Why