This week’s highlights: Math Teams, Muni Bonds, and Octopus Brains
Happy Friday everyone – hope you have had a nice week.
- FCS – The Data Confirms It – Family Governance Actually Works. I want to highlight what I think will be an important academic paper that was published late last week. The primary conclusion that they draw is that family governance practices actually support the growth of the social capital of a family.
Food for Thought
- WSJ – How a Public School in Florida Built America’s Greatest Math Team. A teacher obsessed with identifying talent, maximizing potential and optimizing education has created a dynasty
- Vox – The pandemic impulse purchases we grew to hate. From Pelotons to pets, the Covid buys people wish they’d left on the shelves.
- Slate – The Single Most Important Thing to Know About Financial Aid: It’s a Sham. Colleges claim to award scholarships based on merit or need. In reality, they’re just charging the most they think families will pay.
- SahilBloom – Career Principles When Starting Out
Business and Markets
- WSJ – Muni Market Transaction Costs Remain High, Despite Customer Protection Rules, Study Says. Researchers find dealers mark up prices when customers are less likely notice
- TheHustle – The people making millions off Listerine royalties. A little-known provision in a 100-year-old contract opened up the door for private investors to mint money from mouthwash sales.
- NewYorker – The Water Wars Come to the Suburbs A community near Scottsdale, Arizona, is running out of water. Amid the finger-pointing, the real question is: how many developments will be next?
- Slate – Why the Myth of the Miserable Lottery Winner Just Won’t Die
- Verge – Why Medium failed. Ev Williams steps back after a decade of setting new directions
Science, Technology, and Culture
- BBC – The mysterious inner life of the octopus. Octopuses are problem-solvers, mischief-makers and notorious escape artists. They also appear to have a rich inner life – so what is it like to be an octopus?
- Wired – The Secrets of Covid ‘Brain Fog’ Are Starting to Lift. Scientists are getting closer to understanding the neurology behind the memory problems and cognitive fuzziness that an infection can trigger.
- NYP – Dubious Saudi backing not only problem facing LIV Golf
- BBC – Hungarian Grand Prix: Hungary a perfect reflection of Red Bull’s – and Ferrari’s – season so far
- Zillow – Who Wants to buy an old missile silo for a house?
- Does how you handle your wealth actually align with what you care most about in the world?
- Do you feel like you are pro-active and intentional with your financial affairs or entirely reactive to a busy world?
Growing financial wealth is a natural occurrence on the path to success. While this should make life easier, that is not always the case. With greater wealth, comes great opportunity and an overwhelming number of choices to make.
When Anything is Possible is the guidebook about how to engage strategically with wealth. It will help you change your wealth from something overwhelming and all-consuming towards a resource to be deployed to help you positively impact the things that you value most.
If you are interested in learning more, visit here and download a free chapter.