Today’s Peoplenomics is a two-fer. First, the ChartPack digs into a quiet but important market shift: as dividends have faded, more of the case for owning stocks has come to depend on price appreciation alone. That changes the psychology of markets, raises the stakes on valuation, and helps explain why so much of modern investing feels less like clipping coupons and more like betting on the crowd to keep bidding.
Then in the Focus section, I share both the short SSRN submission paper and the longer deep-dive report behind it on what may be a new way to frame human memory. The idea is simple enough to state, but large in its implications: if memory is better understood as a multi-track system rather than a single bucket, it may open fresh ways of thinking about Alzheimer’s, dementia, PTSD, and other chronic conditions. It is one of those reports that could turn into a book — and maybe into a new line of inquiry, too.
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