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What We’re Reading

Growth:

U.S. racial and ethnic minorities accounted for all of the nation’s population growth during the last decade, according to new Census Bureau estimates.

The data underscore the nation’s growing diversity and suggest that the trend will continue as the White population ages and low birth rates translate to a declining share. Non-Hispanic Whites declined to 60.1% of the populace in 2019 and their number shrank by about 9,000 from the 2010 Census to slightly more than 197 million.

Performance:

From 1965 to 2002, Berkshire underperformed the S&P 500 in only four of those 38 years (roughly 10% of the time) and outperformed the S&P 500 by double digits in over half of the others (53% of the time). But in the 17 years since then from 2003 to 2019, Berkshire has underperformed the S&P 500 in eight years (47% of the time) and has outperformed by double digits on only four occasions (24% of the time).

Why burglary has declined:

Cash has long been a favorite burglary target, and people are less and less likely to have lots of it in the house. As the victim of a stereo burglary when I was a teenager in the late 1970s, I also have the sense (and it’s supported by property-loss statistics from the Federal Bureau of Investigation) that today’s electronics devices make for less attractive burglary targets than those of past decades because they quickly become out-of-date.

Immigration:

Thirty-four percent of Americans, up from 27% a year ago, would prefer to see immigration to the U.S. increased. This is the highest support for expanding immigration Gallup has found in its trend since 1965. Meanwhile, the percentage favoring decreased immigration has fallen to a new low of 28%, while 36% think it should stay at the present level.

College:

The college decision is often as much about the parents as it is about their kids. Tisha Duncan, a professor and college adviser, told Alia Wong for a piece in The Atlantic, “Instead of students announcing, ‘I got into college!,’ the parents are announcing, ‘We got into college!’” It’s easy to project our own desires onto our kids—to try to see our own potential come alive through them.

Have a good weekend, stay safe.


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