This week’s highlights: Have sweatpants peaked? The end of the Intel era in processors, and Moroccan cooking
Issue 401
by David Wells – Nashville TN
Happy Friday –
Hope it is a great weekend for you.
Original Content This Week –
- Creating a Wealth Surplus to Pass to Future Generations A “surplus” of family wealth is a gift that current generations give to future generations by voluntarily choosing to limit the benefits from wealth that current generations receive. This sort of abnegation is a compact that the family must enter into collectively – not coercively – with the mindset that there are greater rewards that arise from seeing the family’s continued prosperity for generations to come vs. the consumption of financial resources by current generations.
Food for Thought
- WSJ – Goodbye Tie-Dye Sweatpants: Dressy Clothes Make a Comeback – Have we reached peak sweatpant? At the start of the pandemic, wearing comfy clothes was a novelty. Now, it’s just depressing.
- BusinessWeek – U.S. Businesses Are Fighting Insurers in the Biggest Legal Battle of the Pandemic Plaintiffs’ lawyer John Houghtaling is leading the charge against insurance companies that say they don’t have to pay up for shutdowns.
- Stat – The story of mRNA: How a once-dismissed idea became a leading technology in the Covid vaccine race
- NYT – O Captain, My ‘Jeopardy!’ Captain We lost a class act this week with the passing of Alex Trebek.
Business
- AWCS – What Happens When Investors See People Dumber Than They Are Getting Rich
- II – The Sharpe Ratio Broke Investors’ Brains
- JA – Intel’s Disruption is Now Complete
- WashPo – A dodgy deal helped make him a billionaire. It worked, until now.
- CNBC – Stanley Druckenmiller says he wouldn’t want to be short market, sees stock rotation continuing
Culture / Tech / Science
- NYP – Sense of ‘entitlement’ linked to taking COVID-19 risks
- Eater – You Need a Tagine in Your Life. Here’s How to Pick a Good One – Based on my time in Morocco a few years ago, couldn’t agree more
- DougD – I Bought a New 2020 Land Rover Defender! (And Here’s Why)
- TheMasters – Jon Rahm skips water for wild hole-in-one during Masters practice
- GQ – Why Is the Owner of North Face Buying Supreme for $2.1 Billion?
My Forthcoming Book:
When Anything is Possible – Wealth and the Art of Strategic Living, on January 12, 2021.
However wealth arrives – whether made or inherited, it can be a disorienting and worrying experience. When Anything is Possible is meant to be a guidebook about how to engage thoughtfully and strategically with 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.