1. Russian vaccine reports very good results. Maybe we shouldn’t believe this, but in expected value terms the Russian vaccine still is underrated.
2. Money made people happier but psychotherapy did not.
3. Carrying costs exceed liquidity premium: Lion cheaper than a pedigree kitten in Japan. The lion might cost less than $1000.
4. Arnold Kling isn’t sure how effective the new vaccines will be, more here. I am myself very optimistic, but happy to pass along other points of view.
5. Noah’s new Substack.
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