Importers pay 100 percent of the accounting costs of trade tariffs, which are passed on to the consumer. The economic costs of tariffs are a bit more difficult to unpack (Global Macro Monitor)
The World’s Biggest Electric Vehicle Company Looks Nothing Like Tesla (Bloomberg Businessweek)
As the World Fractures, Asset Allocators Are Doing… Nothing. Are They Insane? A peek inside the psyche of today’s most important investors. (Institutional Investor)
4.7 percent annualized versus 8.5 percent: 10-year returns no longer include the 2007-2009 bear market, making investment returns look much better (New York Times)
Jumia’s rise exposes challenges of online shopping in Africa (Financial Times)
How golf explains Trump. Seriously. (Vox)
How Much of the Internet Is Fake? (New York Magazine)
Upfront 2019: TV Advertising Isn’t Dead (Yet) (Variety)
Our first instinct is far too often wrong (Financial Times)
Is Ambition Overrated? (Esquire)
Happy investing,
The team at TAMIM