Philip C. Ordway Original post: https://philipordway.substack.com/p/good-reading-november-2020 Facts and Figures The New York Times now has four times as many subscribers (digital + print) as it did at its print-era peak. (Source: the company and this presentation) NYT (the company’s common stock) returned 248%, or 36.6% per year, from 9-Nov-2016 through 9-Nov-2020. The S&P 500 during that period returned 77.5%, or 15.4%. (Source: FactSet) Books Since Yesterday: The Nineteen

Philip C. Ordway Original post: https://philipordway.substack.com/p/good-reading-october-2020 Quoted “The Army has always had an internal dynamic that real men don’t need sleep and can just push on, and it’s incredibly stupid,” said Lt. Gen. David Barno, who was commander of combined forces in Afghanistan from 2003 to 2005. “Combat is a thinking man’s business and your brain doesn’t function without sleep.” “A fracking binge in the American shale industry has permanently dama

Philip C. Ordway Original post: https://philipordway.substack.com/p/good-reading-september-2020 Quoted "The word ‘unprecedented’ is rarely used properly. This time, it’s being used properly.” — JP Morgan Chase CEO Jamie Dimon, commenting on the $367 billion year-to-date increase in the company’s deposits. That increase in deposits is roughly equal to the total deposits of U.S. Bancorp, the country’s fifth-largest bank, at the beginning of the year. (Thanks to Thom M. for send