This week’s highlights: Spending Money, Basketball, and Induction Stoves
Happy Friday! –
Have a great weekend
Original Content this week:
- FCS – Family Governance Must Focus on Whole Family – Not Just the Client – Family office / business has moved from a cottage industry to one increasingly institutionalized and mature. Part and parcel of that maturation is the ‘productization’ of many tools and practices that have been developed over the past 30 years or so, such as family governance.
However, so called ‘legacy services’ are too often sold entirely to first generation wealth creators – as a cognitive salve to assuage the mortality concerns of late middle age. The family itself is left by the wayside. The end result – family governance formed by fiat. This is of course not actually governance (consent of the governed and all that) and can leave the family worse off.
Topic of the Week
- CollabFund – The Art and Science of Spending Money. – This is excellent – “In 1875 an op-ed said socialites “devote themselves to pleasure regardless of expense.” A Vanderbilt heir responded that actually they “devote themselves to expense regardless of pleasure.” Pair the above with this interview between Shannon Sharp and Ochocinco (Chad Johnson)
- Ryan Holiday – 20 Best Lessons From Interviewing Today’s Top Performers
- Abbey of Misrule – Watch the Great Fall. You become a writer because the world you encountered in the stories you read as a child is more exciting than the world you are actually living in.
- Bustle – Another Side Of Rupert Grint. A decade post-Potter, the actor has found his groove playing “damaged” guys in prestige, supernatural horror.
- TGC – Prince Harry’s ‘Spare’ and the Spirit of the Age. The autobiography isn’t just a tell-all. It’s a burn-all. Excluding his mother and wife, no one and nothing is left unscorched
Other Great Reads
- HCA – The Unheralded Role of Investment Committee Chair
- Invest Like the Best – Daryl Morey – Systems Thinking in Sports. Daryl Morey is President of Basketball Operations for the Philadelphia 76ers. We cover what makes for a great sports match, using systems thinking to improve decision-making, and why superstar athletes are key to success in basketball.
- WSJ – The State Wealth-Tax Alliance. Some states really working hard to encourage tax payers to head to TX/FL/TN
- HBO – Succession Season 4 Trailer – Counting down to March 26th…
Looking Toward the Future…
- Grid – Induction stoves: The technology, the politics and why much of the world is on board. Lots of Sturm und Drang in the press about gas stoves being banned. Instead of focusing on the negative, it’s important to check out the positives of induction technology. In 2010, I attended the largest trade show for the National Restaurant Association and saw induction technology on display. Professional chefs love the tech b/c it allows for greater precision and faster cooking – imagine boiling water for pasta in half the time!
- Youtube – Brits try Chick-fil-A for the first time! This is great to watch as they quickly realize the magic contained in that foil lined pouch.
- 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.