This week’s highlights: Houses of the Future, Chinese Equities, and Chris Paul
Original Content this week:
- Welcomed but Needing Orientation – Family Office In-Law Survey Results. As I reviewed all the various surveys produced around family business and family offices, I was looking for places where the survey data was suspiciously quiet. And despite being a sizable part of a family (in numbers alone), I could not find another survey that looked just at the experience of in-laws.
Food for Thought
- Wired – No, it doesn’t need to be a Zoom We’re wasting hours of our lives on inefficient video calls. Here’s how to decide when you should jump on a Zoom – and when not to
- Veranda – Here’s What the Future of the American House Looks Like. From dazzling entries to year-round porches, how our priorities have awakened a new era of design.
- WSJ – Older Americans Stockpiled a Record $35 Trillion. The Time Has Come to Give It Away. Transfers to heirs and others are unleashing a torrent of economic activity, including buying homes, starting businesses and giving to charity
- WashPo – Generation labels mean nothing. It’s time to retire them.
- JoeRogan – What Michael Pollan Learned from Quitting Caffeine for 3 Months
- MIT – The coming productivity boom. AI and other digital technologies have been surprisingly slow to improve economic growth. But that could be about to change.
- Bloomberg – Owning Chinese Companies is Complicated Another example of why it is important to read the fine print.
- TVG – Can You Be Making Too Much Money?
- Curbed – Elon Musk Really Is Living in a Tiny Prefab House in Boca Chica
- II – Private Equity Still Outperforms Listed Stocks — But It’s Losing Its Edge Investors can blame stimulus from central banks and government spending as well as private equity’s unstoppable popularity for the sector’s narrower win over public equities
Culture / Arts/ Tech / Science
- WSJ – Chris Paul Played JV Basketball. Now He’s Playing in the NBA Finals. Before he was the Point God, he was a junior-varsity point guard—for two years
- Guardian – Men in Blazers’ Roger Bennett: ‘It’s a universal coming-of-age impulse to romanticize what you’re not’. The Men in Blazers co-host and native Liverpudlian traces the origins of his love affair with America in the just-published memoir (Re)born in the USA
- Youtube – Why Championship Chess Sets Are So Expensive
- Vox – Why do we buy what we buy?
- WSJ – Donald Rumsfeld on Known Unknowns at the IRS. An April 15, 2015, letter from former Defense Secretary Donald Rumsfeld to the Internal Revenue Service. “As in prior years, it is important for you to know that I have absolutely no idea whether our tax returns and our tax payments are accurate.
When Anything is Possible – Wealth and the Art of Strategic Living
I wrote the book because of a problem I saw and experienced personally. As we pursue our dreams and achieve success, financial wealth is often a natural result.
Yet, the first steps we take to manage this wealth are focused on avoiding negative outcomes (unnecessary taxes, estate issues, losses in the stock market), rather than articulating what we actually want to do with our wealth.
The book is about how we shift from focusing on the things we want to avoid, to the things we want to accomplish with our 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.