So Harry and Meghan are spinning themselves off from The Family Firm. The Economist provides the stock market analysis

Harry and Meghan’s move was announced without consultation with the group’s management, but may have been encouraged by developments within it. The stock price has tumbled recently, as a result of missteps by Prince Andrew, who has now been fired. Prince Charles—who will take over the top job in the not-too-distant future—has hinted that he plans to cut costs and slim down its operations as part of a broader restructuring. Rather than wait for that shake-up, Harry, who knew he was unlikely ever to get the top job, has now decided to cut loose.

This separation has the advantage of strategic clarity, and is likely to unlock value, given that the Harry and Meghan brand was widely perceived to be undervalued. The new entity will now have more freedom to diverge from the positioning of the parent group and to tap overseas markets. The couple say they plan to divide their time between Britain and North America.

My friend Quentin is one of the most intrepid people I know. The other night he camped by Loch Ness. He didn’t see any monsters, but did come away with a lovely night-time photograph

I’ve always been ambivalent about Christmas. Because my parents were’t very good at celebrations, my childhood experience of the festival was often one of disappointment. When I met Sue, my late wife, I had to change my views because she really loved Christmas and took great delight in every part of it, and our children learned that from her. But I remain acutely aware of the stresses it puts on people who are poor, unhappy or depressed, when the contrast between their own conditions and the glitzy, showy, consumer-driven atmosphere all around is painful. So it was sweet to find this message on one of the main pedestrian bridges across the Cam this Christmas.

Tyler Cowen, the economist, is one of the most interesting public intellectuals around. His blog is a marvel (and a daily visit for me). His capacity to absorb ideas is remarkable. And he is fearsomely productive. So how, one wonders, does he do it?

This week he shed some light on how he works:

1. I write every day. I also write to relax.

2. Much of my writing time is devoted to laying out points of view which are not my own. I recommend this for most of you.

3. I do serious reading every day.

4. After a talk, Q&A session, podcast — whatever — I review what I thought were my weaker answers or interventions and think about how I could improve them. I rehearse in my mind what I should have said. Larry Summers does something similar.

5. I spent an enormous amount of time and energy trying to crack cultural codes. I view this as a comparative advantage, and one which few other people in my fields are trying to replicate. For one thing, it makes me useful in a wide variety of situations where I have little background knowledge. This also helps me invest in skills which will age relatively well, as I age. For me, this is perhaps the most importantly novel item on this list.

6. I listen often to highly complex music, partly because I enjoy it but also in the (silly?) hope that it will forestall mental laziness.

7. I have regular interactions with very smart people who will challenge me and be very willing to disagree, including “GMU lunch.”

8. Every day I ask myself “what did I learn today?”, a question I picked up from Amihai Glazer. I feel bad if I don’t have a clear answer, while recognizing the days without a clear answer are often the days where I am learning the most (at least in the equilibrium where I am asking myself this question).

9. One factor behind my choice of friends is what kind of approbational sway they will exercise over me. You should want to hang around people who are good influences, including on your mental abilities. Peer effects really are quite strong.

10. I watch very little television. And no drugs and no alcohol should go without saying.

Footnote ‘GMU’ = George Mason University, where he works.

Well, what do you know? the best-selling book over the last decade was E.L. James’s 50 Shades of Grey, which which sold 15.2 million copies from 2010 through 2019. It was originally self-published as a Kindle ebook and print-on-demand publication in June 2011; the publishing rights were acquired by Vintage Books in March 2012. Smart move. I wonder what they paid for them.

Source: New York Times

Boeing’s 737MAX remains grounded (rightly) as the company struggles to overcome the design flaw that caused two crashes that killed everyone on board. In the meantime, Boeing has been surveying airline passengers across the world to assess their thoughts about flying in the MAX once it gets certification. The news is not good, according to this report in the New York Times: people are nervous about flying in the plane. In order to get ahead of the problem, Boeing has been preparing draft briefing materials for airline staff giving guidance on how to soothe and reassure nervous passengers. Above is a draft of the crib-sheet that’s been obtained by the Times.

As you’d expect, it’s an exercise in consumer manipulation.

This has a personal dimension for me. The place to which I most often fly is Ireland. And the only way to get there from Stansted, my local airport, is via RyanAir. But RyanAir plans to replace its existing fleet of Boeing aircraft with 737MAXs. So will I trust the Federal Aviation Administration enough to continue flying RyanAir? Or will I have to plump for much less convenient alternatives?

Hmmm…

It’s not Christmas in our house until this guy has been taken out of his box and suspended in flight mode.

This is his signature on the screwball letter he wrote to Speaker Pelosi.

Sits on top of my big iMac and never interferes with my copy. What more could one ask for?