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SpaceX, OpenAI & Anthropic IPOs : a $3 Trillion Stress Test ↳

SpaceX at $1.6-2t would challenge Meta for spot #6, potentially slotting in behind Amazon. When they qualify, passive funds managing $20t must buy. Index funds can’t raise cash. They sell existing holdings. The mechanics become self-reinforcing. Index funds sell existing mega-caps to buy new entrants. Lower mega-cap prices trigger momentum strategies to sell further. Additional selling creates more pressure on the very stocks index funds track.

The Growing Cohort of Single Dads by Choice ↳

Sometimes when he does, he thinks the father seems a little begrudging, walking slightly behind the child, and he wonders how many of these dads were told by their wife to take the kid out to play. He understands: He, too, is stretching to be not just a provider, that classic masculine trope, but also a nurturer—someone softer, more open. The other day, when he was visiting his cousin’s two daughters, the 5-year-old got in trouble and ran into the living room and hid behind the couch. He picked her up and took her to the mirror, and they looked at their reflections together. “You are wonderful,” he told her. “And you don’t have to worry about anything.”

The One Parenting Decision That Really Matters ↳

There is more evidence for just how powerful role models can be. A different study that Chetty co-authored found that girls who move to areas with lots of female patent holders in a specific field are far more likely to grow up to earn patents in that same field. And another study found that Black boys who grow up on blocks with many Black fathers around, even if that doesn’t include their own father, end up with much better life outcomes.

How to Quit Intensive Parenting ↳

So how do we move away from the cult of intensive parenting? Very carefully and intentionally. We have to start thinking of parenting not as a set of instructions but as several dials. Research suggests that certain dials, such as “display love,” “validate feelings,” and “set aside some regular quality time,” should absolutely be turned up to 10. Others, such as “solve your child’s (nonserious) problem for them,” should be pretty low. And many, such as “provide educational support” and “offer enrichment activities,” should be somewhere in the center. Your exact dial settings will depend on your values and your family situation, of course. All 10s and all ones are almost always a bad idea.