10 Weekend Reads February 27, 2021 6:45am by Barry Ritholtz
The weekend is here! Pour yourself a mug of Portland Organic French Roast coffee, grab a seat by the window and get ready for our longer form weekend reads:
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Sneakerheads Have Turned Jordans and Yeezys Into a Bona Fide Asset Class When the pandemic presented a buy-low opportunity, one college dropout hit the road and filled his truck with $200,000 worth of kicks. The sneaker boom has created opportunities for a new generation of speculator. Young resellers are the first to treat footwear as a bona fide asset class, products as worthy of informed valuation and investment as any other commodity. The sneaker market, for them, is a lot like playing the market. (Businessweek)
Johnson & Johnson’s single-dose vaccine nears approval in the US
Today, a panel of experts will review the efficacy and safety of Johnson & Johnson’s single-dose Covid-19 vaccine, the last step before the FDA decides whether or not to approve the shot. That decision is expected Saturday. Earlier this week, an FDA review found that the vaccine was 66 percent effective at protecting people from moderate to severe cases of Covid-19, and even more effective at protecting against severe disease. J&J has said that if approved, it will deliver around 20 million doses to the US by the end of March.
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When Georgia reported its first coronavirus case, Amber and Vinson had about three months of expenses saved.Â
The couple met in high school in 2006, in a Yahoo chat room about hip hop. (Amber and Vinson have asked us to use their first names only.) She gave up a college scholarship and moved to Atlanta to be with him; he dropped out of college when she became pregnant. For more than a decade, he made sandwiches at Subway while she gave birth to two more kids and drifted through call center jobs. They were in love, but like most millennials they had little financial stability.