This week’s highlights: Bobos in Paradise, DCF Models, and Rickrolling
Issue 437
Happy Friday!
Hope you have a great weekend
Best,
David
Food for Thought
- TheAtlantic – Reconsidering Bobos in Paradise. The creative class was supposed to foster progressive values and economic growth. Instead we got resentment, alienation, and endless political dysfunction.
- Veritasium – The Biggest Myth in Education. The idea of an individual learning style sounds appealing, the problem is proving that they actually exist.
- GMO – INFLATION – TALL TALES AND TRUE CAUSES. Inflation is affecting everyone these days, here is one view on the current climate
- PCD – Good Directors Should Ask a Lot of Questions
Business
- Forbes – Inside The Coronavirus Haul Of A Wall Street Whiz Kid – I don’t always agree with Dan Rasmussen but I appreciate anyone who is willing to constantly push on whatever is accepted as conventional wisdom.
- MebFaver – Journey to 100x. Meb offers a deep-dive look at his experience in angel investing.
- II – Everyone Wants Access to a New Private Asset Class. Here’s How Apollo Helped Create One. Apollo has grown its hybrid value strategy, a cross between debt and equity, to $13 billion in three years. That’s because companies can get a lot of what private equity offers, without giving up control.
- MS – Everything is a DCF Model – Michael Mauboussin has contributed as much to investment thinking as Ben Graham did 90 years ago.
- JPM – Q2 – Guide to Alternatives. A ton of interesting data in this deck
Culture / Arts/ Tech / Science
- NYP – Metabolism doesn’t slow down in middle age, shocking new study reveals
- MF – All Hail the Rickroll: Rick Astley’s “Never Gonna Give You Up” Music Video Hits 1 Billion YouTube Views
- Jalopnik – Why Did Americans Buy So Many Oldsmobile Cutlasses?
- Hodinkee – Five Minutes With … Jimmy Chin. There are few people as effortlessly cool as Jimmy Chin.
- GolfWRX – My LPGA Inspired Bag – What if the key to better golf performance lies in the bag make up of LPGA stars – less hard to hit long irons, more use of hybrids & 5/7/9 woods.
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.