This week’s highlights: Work Near Home, Reflections of 80 Years in Markets, and Spider Silk
Issue 402
by David Wells – Nashville TN
Happy Friday –
Hope it is a great weekend for you.
Original Content This Week –
- Your Strategy is Not Your Mission Statement I spoke this week to a group of global family businesses about corporate strategy. The first myth we had to bust is that strategy is not your mission statement.
Food for Thought
- Bloomberg – WFH Is Old News. The ‘Near Home’ Office Is the Next Big Thing StanChart should be lauded for acknowledging that working life has changed forever. But its plans to go beyond WFH may take things a little too far.
- Eater – The True Cost of Keeping a Restaurant Open During a Pandemic – Credit TP – San Francisco chef and restaurateur Pim Techamuanvivit breaks down COVID-19’s effects, and the difficult decisions she’s had to make
- Outside – My Priceless Summer on a Maine Lobster Boat
- Jama – Estimation of US Children’s Educational Attainment and Years of Life Lost Associated With Primary School Closures During the Coronavirus Disease 2019 Pandemic – Credit SG – An interesting look at the total cost of closing schools due to COVID-19. This is not a equation to solve with a clear winner – there are serious and weighty considerations.
Business
- Blackstone – Blackstone’s Byron Wien Discusses Lessons Learned in His First 80 Years
- WSJ – ‘Predatory and Opportunistic’: Southwest Airlines Seizes the Moment as Rivals Struggle Through its history, the no-frills airline has leapt at opportunities to expand into new cities. It’s doing it again.
- Stratechery – Playing on Hard Mode
- ZH – Time To Go All-In The “Big Short 3.0”? 80% Of New York Hotels On Verge Of Default
- II – The ‘Problematic,’ VC-Threatening Study That Has Split Harvard Professors Start-up founders barely matter, according to new research.
Culture / Tech / Science
- NYT – Spider Silk Is Stronger Than Steel. It Also Assembles Itself.
- BBC – Lewis Hamilton win ‘a befitting one no-one else could deliver’ Lewis Hamilton became the most successful driver in the history of Formula 1 on Sunday in a race that was gloriously befitting of his achievement.
- PTO – Dress Sneakers Are Alarmingly Popular Imagine you had an interview scheduled with a former President of the United States. It could be anyone in history, whether you supported the person or not. What would you wear?
- GolfDigest – Dustin Johnson’s laid-back vibe is perfect answer to muted Masters
- NYT – Surviving Weed-Out Classes in Science May Be a State of Mind Social ties to classmates and how students feel could be more important than innate ability when it comes to enduring early STEM courses.
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.