This week’s highlights: Friluftsliv or outdoor life, geopolitical alpha, and SkyMall
by David Wells – Nashville TN
So, I wrote a book…
It is my pleasure to announce the forthcoming release of my first book, When Anything is Possible – Wealth and the Art of Strategic Living, on January 12, 2021. The book has been in the works for over three years, and it is a pleasure (and a bit nerve-wracking if I’m honest) to share.
Why Write a Book About Wealth / Does the World Really Need Another Book About Money?
I decided the write the book after being frustrated by what I felt was a gap in the books about personal finance and investing after reading 200+ of them. There are plenty of books about budgeting (think Dave Ramsey), the basics of investment, or textbook like tomes on specific financial topics. Said differently, there are a lot of books about how to build wealth, but very few books about what to do with wealth once it is acquired.
Over the course of the last 15 years in working with clients, I have found many (and possibly most) either overwhelmed by the options that they face with their wealth, or almost too limited in their thinking about what is even possible, much less whether their financial decisions are in tight alignment with what they most value.
The data further supports this. Surveys of the ultra-wealthy indicate that most do not feel financially secure. 50% of business owners do not feel happy after the sale of their business. Even the vast majority of those with inherited wealth do not view their trusts as a blessing. So 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.
Original Content This Week –
- Successfully Stewarding Family Wealth is Like Building a Bicycle Successfully stewarding family wealth requires careful management of three elements much like the 2 wheels and frame of a bicycle
Food for Thought
- TrinityForum – Evening Conversation | with Dr. Robert George and Dr. Cornel West “While every election brings uncertainty and anxiety, the events of this year seem particularly divisive and alienating. Tribalism and unrest have, in many cases, shaken public confidence in the strength of democratic principles. George and West show, as well as tell, how friendship across difference is good for the soul, as well as good for the country — a message particularly salient in our polarized time.”
- Eater – The Stages of Gentrification, as Told by Restaurant Openings
- Seattle Times – ‘We belong out there’: How the Nordic concept of friluftsliv — outdoor life — could help the Pacific Northwest get through this COVID winter “There’s no such thing as bad weather, just bad clothing.”
- WSJ – The Emerald Coast Emerges as Florida’s Crown Jewel Buyers attracted to the area’s affordability and laidback lifestyle are scooping up waterfront homes from Pensacola to Panama City
- TheHustle – The company that has a monopoly on ice cream truck music
- FWR – Beyond Pandemic, Sustainable Investing More Relevant Than Ever – see also – WashPo – Japan, world’s third largest economy, vows to become carbon neutral by 2050
- CapitalAllocators – Geopolitical Alpha Marko Papic is the Chief Strategist at Clocktower Group, where he provides research on geopolitics, macroeconomics, and markets. Marko’s approach is akin to Moneyball for politics, challenging the orthodoxy of how others traditionally make investment decisions
- CNBC – This is Goldman’s bet to break into a $32 billion industry serving the world’s biggest corporations What if core banking was as easy to deploy as an API?
- JoelCohen – Illuminating the Garden Path How has the MIT endowment invested with new investment managers?
- TED – Why You Should Know How Much Your Coworkers Get Paid Pay transparency could benefit employees, organizations and society.
Culture / Tech / Science
- HollywoodReporter – Shonda Rhimes Is Ready Three years into her groundbreaking deal and with her first projects finally arriving, the uber writer-producer talks about meeting her own high expectations and a newfound passion for her work: “Now I just want to enjoy this.”
- TheDrive – This Enormous 300-Car Barn Find Has Everything From Classic Muscle to Rare Supercars
- NYT – The Strand Calls for Help, and Book Lovers Answer
- Marker – Whatever Happened to SkyMall? The beloved airline catalog actually beat Amazon to e-commerce, until things fell apart
- Bloomberg – A New Generation of Music Fans Is Building Stereos From Scratch – Credit PM – The old-fashioned appeal of audio kits never goes away. Especially during a pandemic.