This week’s highlights: Intimacy, Day Trading, and How to Write
Issue 456
Happy Friday!
Best,
David
Food for Tood for Thought
- Tennessean – Parents should be able to choose school that’s the best fit for their children. Full disclosure, this op-ed is written by a parent of the charter school where I serve on the board. Educational choice is near and dear to my heart.
- Economist – Staffing shortages in America are a glimpse into its future – Credit CM – Even as the pandemic ebbs, the pool of potential workers may be permanently smaller than once assumed
- Guardian – ‘I’d keep it on the down low’: the secret life of a super-recogniser. Police employ them and scientists study them, but what is life like for the rare few who can never forget a face?
- Unheard – The death of intimacy This is really thought-provoking (though maybe a big PG13+ in spots) “Sex positivity has created a cult of celibacy
Business and Markets
- BE – Tech questions for 2022. Sometimes the centre of gravity in tech is very clear, but as we enter 2022 there are lots of areas where trillion dollar questions are wide open.
- JR – Day Trading and Capital Gains Taxes. Day traders in 2021 who kept rolling their gains and not accruing for s-t capital gains taxes are going to be in for a world of hurt come April given the rout in tech names
- NIA – JAB and the Family Office Conundrum. You want your wealth to be managed by talented employees you can trust. But talented investors are typically ambitious and they seek both challenging work and a way to become wealthy themselves. And they are keenly aware of the risk of being at the mercy of a single client. This is the family office conundrum which spawns a quiet maneuvering for power and control.
- LN – Lessons from 140+ angel investments
- SSRN – A Sober Look at SPACs. We find that costs embedded in the SPAC structure are subtle, opaque, higher than has been previously recognized, and higher than the cost of an IPO. Although SPACs raise $10.00 per share from investors in their IPOs, by the time a SPAC merges with a private company to take it public, the SPAC holds far less in net cash per share to contribute to the combined company.
Science, Technology, and Culture
- Esquire – Five Fits With: Menswear Legend Sid Mashburn. The owner of some of the very best stores in the States—not to mention his own label—offers up his philosophy on personal style.
- Hodinkee – The Collector’s Edition with Ben Clymer featuring Ed Sheeran. For its inaugural episode, Ben sits down with none other than multi-Grammy Award winner and noted watch collector Ed Sheeran
- Guardian – Always wanted to write? Booker winner George Saunders on how to get started
- Jalopnik – Mechanics Warn That Walmart’s Budget Bikes Are Built To Fail
- BC – Succession Season 3 but Logan Tries to Order Domino’s. This parody went viral late last week
My Book:
When Anything is Possible – Wealth and the Art of Strategic Living
The book is about how we shift from focusing on the things we want to avoid, to the things we want to accomplish with our wealth. Doing so requires a person to articulate 3 key items – Wealth Structure, Wealth Identity and ultimately a Wealth Strategy. The book walks through each of these items in great depth, and guides the reader through a process to develop each.
If you are interested in learning more, visit here and download a free chapter.