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Issue 411 – 01/29/2021

This week’s highlights: Gamestop, Social Class, and Christian Pulisic


Issue 411

What Do We Do With Social Class?

The story of the week has no doubt been the price action in shares of Gamestop which has gone hyperbolic as a result of a group of Reddit (an online message board) users banding together to target companies that are highly shorted, thereby forcing large hedge funds to buy shares (at higher prices) to cover the shorts – one hedge fund booked a loss over $2bn as a result. 

The subtext surrounding the story is that this is an action of the proletariat, the average Joe’s, against the bourgeois hedge funds – payback for the Wall Street bailouts of the Global Financial Crisis of 2008.  Regardless of whether this narrative is actually true (hint – there’s a lot more going on here IMO), it has won popular opinion for the week. 

As Americans, there is something anathematic about social class that runs contrary to our egalitarian ethos.  Yet to Europeans, it is simply reality.  How we wrestle with these dynamics is a front and center dynamic as we come to the late stages of this era of capitalism.   You’ll find a handful of articles this week touching on this issue from a few different vantage points.

Original Content This Week –

If you have had a chance yet, check out my new book (Amazon)! 

Have a great weekend!

Regards,

David


Food for Thought


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My Book:

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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.

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