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Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Back in his 1996 letter to shareholders, Warren Buffett famously wrote: “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” That statement only makes the recent homebuilder stock purchases and sales by Berkshire Hathaway—led by Buffett, who will step down as CEO at the end of 2025—even more eyebrow-raising. Here’s the timeline. August 2023: Berkshire Hathaway disclosed that in Q2 2023, the company made a bet on U.S. homebuilders and bought 5,969,714 shares of D.R. Horton, 152,572 shares of Le…

When Elon Musk’s foundation sponsored the $100 million XPrize for Carbon Removal—a four-year-long competition to find credible ways to eventually remove a billion tons of CO2—Musk might have expected that a shiny new gadget would win. But the winner of the $50 million grand prize is low tech: spreading rock dust on small, low-income farms in India, Zambia, and Tanzania. The winning startup, called Mati Carbon, is one of a small group of companies using “enhanced rock weathering” to capture CO2 from the air. “We’re trying to speed up something that happens naturally,” says Jake Jordan, the startup’s chief science officer. When it rains, rocks slowly break down in a pro…

How do you explain the laws of physics to a toddler? A new children’s book, titled Simple Machines Made Simple, wants to demystify mechanical engineering for kids as young as a year old. It recently beat its Kickstarter goal by 700%—raising more than seven times its target. It will be available to ship early next year. But Simple Machines Made Simple isn’t your typical picture book. Instead of drawings, the book features working models that kids can interact with, like spinning a wheel, sliding a knob up an inclined plane, and pushing a wedge into a block that splits into two. The kids may not graduate with a physics degree, but they might come away with a curiosi…

From the latest skyscraper in a Chinese megalopolis to a six‑foot‑tall yurt in Inner Mongolia, researchers at the Technical University of Munich claim they have created a map of all buildings worldwide: 2.75 billion building models set in high‑resolution 3D with a level of precision never before recorded. Made from years of satellite data analysis by machine‑learning algorithms, the model reflects a sustained effort to capture the built world in three dimensions. The result now provides a crucial basis for climate research and for tracking progress toward global sustainable development goals, according to the scientists behind it.​ Professor Xiaoxiang Zhu, who le…

For 20-year-old Mayank Yadav, riding a crowded bus in the summer months in this western Indian city can be like sitting in an oven. That makes it a treat when he steps off and into a bus stop outfitted with sprinklers that bathe overheated commuters in a cooling mist. “Everyone is suffering from the heat,” Yadav said. “I hope they do more of this across the city.” Rising heat is a problem for millions of people in India. In Ahmedabad, temperatures this year have already reached 42 degrees Celsius (107 Fahrenheit), a level usually not seen for several more weeks, prompting city officials to advise people to stay indoors and stay hydrated. And yet, coping with t…

Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself. Gates Foundation CEO Mark Suzman faces a rare leadership challenge: He is managing an organization that has announced its intention to spend $200 billion during the next 20 years—double what the organization dispensed in its first 25 years—while working to permanently close its doors on December 31, 2045. S…

Several times during the men’s final of the Madrid Open tennis tournament between Casper Ruud and Jack Draper last spring, TV viewers were treated to a remarkable camera perspective. They watched the match from just behind the baseline, effortlessly following the player’s movement step for step and glimpsing his perfect angle on the ball with every shot. With no discernible blur or delays, the smoothly flowing live footage had the hyper-real feel of a video game. Tennis TV “I love the footwork by the cameraman,” wrote one YouTube commenter. The company now uses the comment in its investor pitch deck. In reality, these uncanny tracking shots didn’t i…

The design of the steel-ribbed umbrella has changed little since it was introduced in the 1850s, but the mechanical engineers and origami experts who made an umbrella that works by folding say they’ve finally improved upon it. The $249 Ori umbrella has a frameless design with a laminate composite canopy, which fits into a 3.5-centimeter cylinder smart handle with an OLED display. That means there are no steel elements that can go haywire and leave you with a misshapen mess when you’re caught in a strong wind. It seems we finally have an umbrella that looks like it was invented in the 21st century. The design team included origami experts who usually work in aerosp…

Tucked in a forest of trees in Luxembourg City is a hulking piece of urban infrastructure that, if all goes to plan, will soon be taken over by birds. The structure is a two-columned concrete water tower that has been designed to function as a habitat for local and migratory birds. In contrast to most essential elements of a city’s infrastructure that usually try to avoid being infested by wild animals, this water tower had birds in mind from the very start. The water tower habitat was designed by Temperaturas Extremas Arquitectos SLP, an architecture firm based in Madrid. The project’s site is part of Natura 2000, a European ecological network of areas dedicated to…

Let’s be honest: No matter your perspective, taking in news these days tends to be a pretty tiring experience. At best, it’s a bit boring. At worst, it’s anxiety-inducing and mind-melting, often leaving you with more questions than answers. This week, a whole new kind of news app is officially breaking cover. And, I know—yadda yadda yadda, right? Another “earth-shattering” news app with more of the same as every other app before it? I had the same thought when I first came across this. Then I started to actually use it. And man alive, lemme tell ya: This is not like any other news app I’ve ever encountered. It’s fresh, it’s interesting, and it’s absolutely…

Anyone who’s visited a contemporary art museum in the past 75 years has almost certainly encountered the artwork of Alexander Calder. His delicately balanced mobiles and swooping steel sculptures are mainstays of American abstract art. But in most of those museums, from the Whitney to Pompidou Centre to the Reina Sofia, Calder’s pieces haven’t had their intended presentation. For artworks that are meant to move or be moved through, Calder’s kinetic works and supersized sculptures are often given the default museum treatment of being static, separate from visitors, or both. A new art space in Calder’s birth city of Philadelphia aims to correct that. Calder Gardens…

Large language models feel intelligent because they speak fluently, confidently, and at scale. But fluency is not understanding, and confidence is not perception. To grasp the real limitation of today’s AI systems, it helps to revisit an idea that is more than two thousand years old. In The Republic, Plato describes the allegory of the cave: prisoners chained inside a cave can only see shadows projected on a wall. Having never seen the real objects casting those shadows, they mistake appearances for reality, and they are deprived from experiencing the real world. Large language models live in a very similar cave. LLMs don’t perceive the world: they read a…

As the economist Milton Friedman once said, “Only a crisis—actual or perceived—produces real change.” Humanity has of course been faced with countless crises, leading to profound and often unexpected change. These crises define and differentiate generations and leave lasting impacts for years to come. In 2020, a crisis that would change everything hit the world seemingly overnight. Everyone remembers where they were the day the world shut down. Offices stood empty. Cars, previously stuck in traffic on daily commutes, sat parked in driveways. Trains and buses ran empty, if at all. The bustle of Times Square turned silent and Broadway went dark. As smog cleared from cit…

Who shaped your career? Think about the people who guided, challenged, and helped you grow into the professional you are today. Do you think that artificial intelligence could have replaced their support? AI is revolutionizing mentorship by offering tailored learning, progress tracking, and administrative support. But AI has its limitations. AI cannot replace human intuition, empathy, and the ability to challenge mentees in a nuanced way. In today’s workplace, mentorship has never been more critical and complex. A new generation of employees is looking for new ways to learn and develop, and mentoring is at the top of their list. And they are not afraid to turn to …

Executives and managers are traditionally reluctant to express any tender inner feelings from their teams and peers. Yet leaders who are willing to tap into the power of vulnerability are seeing benefits to their ability to connect, motivate, and lead teams. The experience of vulnerability might feel weak to some, but researchers like Brené Brown have reframed the expression of vulnerability as an act of courage, a superpower that can boost psychological safety and foster a culture of innovation and creative risk-taking. Leaders and managers who share experiences of uncertainty can also create personal connections that can help motivate and inspire others. However…

Let me set a scene for you: A manager at a tech company pings his team at 6:01 p.m., asking for a “quick favor before morning?” The millennial responds instantly with “Sure, give me a sec” while texting their partner to warn they will be late for their kids’ game. The Gen X employee gives a thumbs-up emoji and plans to do the work after the kids are asleep. The Gen Z parent has a different vibe altogether, responding, “I’m offline for day care pickup and will handle in the morning,” then logging off. It’s a move that likely stuns most millennial and Gen X colleagues, but this is what happens when boundary-setting appears in a workplace built around p…

“The apocalypse will start having vermouths and tapas,” a friend told me yesterday. Just a day before, the electricity shut down for all of Spain and Portugal, trapping thousands in subways, trains, and elevators for hours, forcing people to walk miles back to their homes, putting hospitals on backup power, and turning off traffic lights, phones, and credit card readers. It shut down everything. Officials are still calculating the economic costs, but it will be in the billions. As this was happening, I still saw the people drinking in bar terraces too, as I was walking up the street to pick up my son early from school. They were joking and making fun. Others were…

Many leaders view employee activism as a disruption or threat. They see it as something to contain, avoid, or manage behind closed doors. This perception isn’t surprising because activism challenges established hierarchies, questions the status quo, and introduces unpredictability into organizational life. Yet a 2007 study has shown that employees who feel heard are more engaged, innovative, and committed to their organization’s success. In contrast, when employees feel ignored or dismissed, trust and morale decline, and disengagement is likely to set in. Activism is one form of voice, and is often the last resort when other channels have failed. The business case…

Every morning, after Richard J. Davidson meditates, he opens his calendar and sets an intention for each meeting. He brings each person into his mind and heart, expresses gratitude for their work in the world, and considers how he can best support them. I was inspired to try this practice. I reflected on the people that I planned to see that day and chose one thing that I’d like to thank them for. I was surprised that a simple “thank you” caused them to visibly light up. Davidson was right: It not only transformed our conversation, but the entire nature of my day. This is an example of microdosing well-being and its impact on ourselves and others. It’s also the heart…

In the classic rockumentary This Is Spinal Tap, there’s a moment when a band member demonstrates an amplifier that goes to 11—one louder than 10. While it’s a cheeky metaphor, I’ve often thought about how leadership can adopt a similar ethos, pushing beyond boundaries to foster exceptional teams. It’s definitely easier said than done. Yet one thing that really pushes us to 11 is moving from a set of individual leaders to a distributed leadership. But building a global team of self-starters isn’t just about ambition or delegation. It’s about cultivating a culture of teamwork that empowers independence, ownership, and creativity at every level. I’ve found the follow…

Effective leadership isn’t a one-size-fits-all endeavor. It requires adaptability, self-awareness, and a deep understanding of when to step in and when to step back. Leaders often struggle to find the right balance between empowering their teams and maintaining strategic oversight. But there’s a way that you can do both. By adopting the practical 2×2 leadership framework that I’ll get into in this article, leaders can assess their approach based on two critical dimensions: Degree of Empowerment and Degree of Strategic Altitude. The leadership quadrants When you map out leadership approaches across these two dimensions, four distinct quadrants emerge. Each …

Year-end performance reviews can be time-consuming. Yet the end and start of the year is when employees and managers are inundated with a heavy workload. Emotions range from elated to angst-ridden. After all, performance evaluations directly impact professional reputations, salary increases, bonuses, and promotions. The importance of revisiting objectives This reality begs the question of just how effective performance evaluations are and what employees can do to balance the scales. A recent SHRM study indicates that roughly 50% of companies employ traditional annual performance evaluation processes based on whether they achieve the goals that they set at the sta…