This week’s highlights: Neckties, Private Equity, and New Batteries
Issue 434
Happy Friday!
More travel this week, so Fifteen this week is only ten. Have a great weekend.
Best,
David
Food for Thought
- TheAtlantic – Neckties Are the New Bow Ties
- VanityFair – The Secret History of Gavin McInnes. This reminded me a lot of the Heath Ledger’s Joker who just wanted to see the world burn. “In the ’90s, he played punk rock and helped create Vice magazine. Five years ago, he founded a very different organization: the Proud Boys”
- WSJ – Peppa Pig, a Pandemic Favorite, Has American Children Acting British. Youngsters across the U.S. are surprising their parents with talk of petrol stations and mince pies
Business
- JPM – Food Fight: 2021 Private Equity Update. Every two years, we take a close look at the performance of the private equity industry given its rising share of institutional and individual portfolios.
- ABC – Are American Companies Better than European Ones?
- KKR – Global Macro – Same as It Ever Was? KKR’s macro strategy team and their mid-year review – always interesting.
- HBR – Do Most Family Businesses Really Fail by the Third Generation?
- NYT – Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker. A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Chaos ensued.
Culture / Arts/ Tech / Science
- WSJ – Startup Claims Breakthrough in Long-Duration Batteries. Form Energy’s iron-air batteries could have big ramifications for storing electricity on the power grid
- TXG – Why Did Collin Morikawa Switch Irons Before THE OPEN?
My Book:
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.