Part 4 serves as a guide for navigating the professional world, contrasting it with academic life by highlighting the differences in instructions, deadlines, and expectations. Chapter 8, "Prenez les choses en main" (Take Charge), emphasizes the importance of proactive communication, clarifying responsibilities, understanding the bigger picture, and anticipating needs to effectively manage tasks and superiors. Chapter 9, "Apprenez à gérer votre charge de travail" (Learn to Manage Your Workload), focuses on prioritization, handling urgent and important tasks, managing expectations, and learning from mistakes to maintain competence and well-being in a demanding work environment.

Part 3 offer guidance on navigating workplace dynamics by focusing on how individuals present themselves and their work. The text emphasizes the importance of understanding and articulating one's personal and professional narrative to convey competence, commitment, and compatibility. It further explores managing one's professional image, including appearance and online presence, to align with workplace norms while staying authentic. Finally, the sources examine the subtle signals communicated through various professional interactions, stressing the need to be mindful of one's impact and to adapt to different workplace cultures.

Part 2 offers guidance for individuals starting new roles or projects, emphasizing the importance of a proactive mindset and strategic engagement. It encourages readers to actively seek opportunities, learn their responsibilities, and build positive professional relationships. The text uses the story of a young professional, Annie, to illustrate how initiative and persistence can lead to desired outcomes. Furthermore, it details practical steps for making a strong initial impression and effectively integrating into a new work environment by asking insightful questions and demonstrating enthusiasm.

Part1 introduces the concept of unspoken rules in the workplace, highlighting how these unwritten expectations significantly impact career success. The author shares personal anecdotes and observations, including struggles faced by his mother and his own initial difficulties navigating professional environments despite academic achievements. The text emphasizes that excelling involves more than just hard work; it requires understanding and adapting to these often-unarticulated norms. Furthermore, the source introduces the "CIC" framework—Competence, Involvement, and Compatibility—as crucial elements for new professionals to demonstrate to their managers, colleagues, and clients. Ultimately, the text serves as a guide to understanding and mastering these hidden codes to thrive in one's career.

This academic paper examines the potential macroeconomic impacts of artificial intelligence, particularly generative AI, focusing on productivity, wages, and inequality. It uses a task-based model to estimate that while AI will likely improve productivity through automation and task complementarities, the gains in the next decade will be modest, possibly less than previously predicted. The analysis further suggests that AI's effect on wage inequality will be limited, potentially widening the gap between capital and labor income, and that newly created AI tasks could have negative social value, impacting overall welfare. The author argues that realizing more substantial and positive economic benefits from AI necessitates a focus on creating new, valuable tasks for human workers, an area currently receiving less attention.

This Manhattan Institute report critiques the Federal Reserve's current governance, arguing it has led to monetary policy errors and an overreach into political domains. The authors contend that while central bank independence is important, the Fed's structure fosters groupthink and lacks sufficient accountability. To address these issues, the report proposes reforms including restructuring terms for Fed officials, altering the FOMC composition to empower Reserve Banks, nationalizing Reserve Banks with state governor appointments to their boards, and separating non-monetary policy functions. Ultimately, the goal is to enhance the Fed's insulation from short-term politics while increasing its democratic legitimacy and improving monetary outcomes through a system of checks and balances.

What does the Trump team actually want to accomplish with tariffs? We discuss a 2024 paper by Stephen Miran, Trump's economics advisor, analyzing potential strategies for restructuring the global trading system under a hypothetical second Trump administration. He explores the use of tariffs and currency policy to address perceived economic imbalances stemming from dollar overvaluation and to bolster American industry. The guide examines the economic and financial market consequences of these tools, including inflation, trade flows, and market volatility, while also considering methods for mitigating negative side effects like gradual implementation and international cooperation. Ultimately, the document provides a framework for understanding potential policy shifts and their implications for the global economy.

Harvard University faced potential financial jeopardy as the Trump administration threatened to withhold billions in federal research funding. The opinion piece argues that such cuts would devastate university research, hindering scientific progress and significantly damaging the American economy by stifling innovation. The author uses data to demonstrate the substantial return on investment in university research, highlighting its role in patent creation and the formation of major companies. By potentially crippling universities, the administration would be undermining a critical engine of societal advancement and economic growth.

This academic paper challenges the long-held "Stocks for the Long Run" thesis popularized by Jeremy Siegel. By utilizing newly available digital archives, the author constructs a more comprehensive historical record of US stock and bond performance dating back to 1793, revealing that the 20th-century outperformance of stocks was not consistent with earlier periods. The analysis introduces a "regime perspective," suggesting that asset returns are subject to temporary patterns influenced by macroeconomic conditions rather than fixed, long-term relationships. International data further supports this view, demonstrating that in many markets and timeframes, bonds have outperformed stocks, and stock market downturns can be severe and prolonged. Ultimately, the paper argues that both stocks and bonds are risk assets, and historical performance, especially from the limited 20th-century lens, is not a reliable predictor of future returns.

Gary Stevenson's "The Trading Game: A Confession" recounts his improbable journey from being expelled from high school for selling cannabis to becoming a highly successful, multi-millionaire trader at Citibank in London. The memoir vividly depicts the intense and often ethically ambiguous world of high finance, populated by eccentric and driven personalities. Stevenson details his initial naivety and outsider status at the London School of Economics, his rapid learning and success in trading, and the surreal and often reckless culture of the trading floor during the 2008 financial crisis. He shares anecdotes of excessive behavior, risky trades, and the immense wealth generated, alongside his growing disillusionment with the financial system and its contribution to inequality. Ultimately, the book chronicles Stevenson's decision to leave his lucrative career behind to pursue a path focused on addressing economic inequality.