This week’s highlights: Forced Togetherness, Fixing Wells Fargo, and Survival Bunkers
- What Do You Pay the People Who Make You Money? How you think about the compensation of your of family office investment team will affect how successful you are
Have a great weekend!
PS – check out my new book (Amazon)!
Food for Thought
- WashPo – We’ve been cooped up with our families for almost a year. This is the result. What the data says about forced togetherness amid a pandemic
- Outside – I Ditched Texting and Picked Up the Phone Inundated by text messages, one millennial decided to exclusively converse through this more classic form of communication
- AmericanCompass – Making Young Men Marriageable This relative dearth of public funding or support for Americans who aren’t college-bound reflects the basic failure of our educational institutions.
- TGS – Strangers took in a delivery driver for 5 days after she was stranded in the Texas storm
- YouTube – An Afternoon with Prince Harry and James Corden
- Fortune – Can anyone fix Wells Fargo? The scandal-plagued bank hired Charles Scharf to engineer a turnaround. Over a year later, the new CEO has barely moved the needle—and the pandemic has only made the road rougher.
- ULU Ventures – Decision Analysis and Portfolio Construction In most asset classes, portfolio construction is an exercise in risk reduction. In early-stage venture, however, portfolio construction can be a powerful tool for increasing returns, not just decreasing risk
- TechCrunch – As the SPAC frenzy continues, questions arise about how much the market can absorb
- NYTimes – Dad, a Death Sentence and the Planner Who Set Us Straight A personal finance columnist, a lawyer and an executive whose nonprofit works with cancer patients sound like siblings who would be prepared to deal with their dad’s diagnosis. They still needed help.
- II – The Man Who Abandoned Value When Arne Alsin wrote about investing in disruptive companies two years ago, one commentator called it “one of the dumbest articles ever written.” After a 274 percent year, Alsin isn’t the one who looks dumb.
Culture / Tech / Science
- 99PI – The Doom Boom There’s a bull market in survival bunkers
- Vice – Machines Are Inventing New Math We’ve Never Seen Pushing the boundaries of math requires great minds to pose fascinating problems. What if a machine could do it? Now, scientists created one that can.
- ScottGalloway – Cy Cordner An amazing story about the impact that a single mentor can have in the life of a young person.
- ArtofManliness – Movies Every Millennial Dad Should Introduce to His Kids
- TimFerris – Jerry Seinfeld — A Comedy Legend’s Systems, Routines, and Methods for Success Can’t say enough great things about this interview
When Anything is Possible – Wealth and the Art of Strategic Living
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.