This week’s highlights: The Voice, CEO Time Allocation, and Bobby Bonilla
Happy Masters Weekend!
A few things to mention. First up, Announcing – Survey of In-Laws in Family Enterprise. Are you an in-law in a family enterprise? Or maybe you know one?
My consulting firm is conducting the first survey ever (as best we can determine) of individuals who have married into families who have family businesses, family offices, etc. The 20 question survey (takes less than 10 minutes) is completely anonymous and we will share our final analysis with all participants.
Access the survey here and please tell a friend!
Original Content this Week
- The Value of Investment Advice vs. Its Cost – Ok here it is! – this took about a month to write. The primary challenge in understanding the relationship between fees and value is that the client is paying for a bundled set of services with a single price. In this piece, we attempt to deconstruct the bundle in an understandable format.
- Podcast Interview – The Kayleigh OKeefe Show – Kayleigh was kind enough to host me on her excellent podcast to discuss my book. A special thanks to our mutual friend Doug H. for making the connection.
Food for Thought
- NYP – Won and done: Why ‘The Voice’ hasn’t produced a big star in its 10 years
- Amplifi – Why there really aren’t 2 million podcasts A remarkable 26% have produced just a single episode.
- Pew – 7% of Americans don’t use the internet – who are they?
- NYT – Why Stanford Should Clone Itself If elite colleges are serious about diversity of class and race, there’s a simple solution.
- The Atlantic – America Is About to Go Botox Wild The post-pandemic beauty boom has arrived.
- Morningstar – Behind the Rise and Fall of an Esteemed Value Shop IVA had an auspicious launch, an unusual life, and a startling end.
- JPM – Jamie Dimon’s Annual Letter to Shareholders Always a must-read
- Bloomberg – Archegos Appeared, Then Vanished
- Yale – On the Nature of CEO Time Allocation in an Small/Medium Sized Business
- II – The Secret to Interviewing Asset Managers, From One of the Best to Ever Do It
Culture / Tech / Science
- Bloomberg – What Happened to Pickup Trucks? As U.S. drivers buy more full-size and heavy-duty pickups, these vehicles have transformed from no-frills workhorses into angry giants. And pedestrians are paying the price
- Engadget – This is the most detailed picture of a black hole to date
- Rick Beato – What Makes This Song Great? Ep.101 Kelly Clarkson “Since U Been Gone” Rick has the Protools set from the studio recording of the song – amazing to hear how each instrument contributes to the final product.
- Engadget – ILM explains how it used Stagecraft 2.0 for season two of ‘The Mandalorian’
- WashPo – A 3,000-year-old ‘lost golden city’ has been unearthed in Egypt A 3,000-year-old “lost golden city” has been unearthed in the southern city of Luxor, a discovery that could be the most significant find in Egypt since the tomb of the boy king Tutankhamen, the archaeological mission said Thursday in a statement.
- BothSides – How I Lost 65 Pounds In 18 Months Without Any Fad Diets or Gimmicks
- Wired – I Avoided Fake Meat for Years. That Was a Big Mistake Our food writer had been steering clear of Impossible, Beyond, and other plant-based meat replacements—until he finally cooked with some.
- BusinessWeek – Bobby Bonilla and the True Story Behind Baseball’s Most Notorious Contract Thanks to an agreement with the old owners, the former outfielder still gets a big payday every summer. The arrangement helped the Mets get to the World Series. But a new book says that no matter how effective the move was, July 1 will always be an ironic holiday for fans. It’ll always be Bobby Bonilla Day.
- NYP – The world’s most expensive painting isn’t a full da Vinci, officials say Talk about buyer’s remorse…
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.