This week’s highlights: Mr. Rogers, Lance Armstrong and the Death of Value
Fifteen on Friday – 08/03/18 – Issue 295
Happy Friday Everyone,
A few more podcast episodes interspersed this week – but enjoyed listening to a few gems this week and wanted to share. Enjoy your weekend.
All the best,
Food for Thought:
- Vox – Mr. Rogers was my actual neighbor. He was everything he was on TV and more. What it was like growing up in the real Mr. Rogers’s neighborhood
- NYT – ‘It Can Happen Even to Guys’: Ohio State Wrestlers Detail Abuse, Saying #UsToo
- VanityFair – How a Sneaky Furniture Expert Ripped Off the Rich and Tricked Versailles Bill G. B. Pallot wrote the book on 18th-century French furniture and passed his knowledge on to his student Charles Hooreman. But when Hooreman, an antiques dealer, noticed a few discrepancies in benches headed for Versailles, he suspected his former professor and decided to intervene.
- WSJ – Masculine Dads Raise Confident Daughters – This is probably behind the WSJ’s paywall, but it’s a great piece. “My father never let me get away with self-pity. Never allowed me to win an argument with tears.”
- VF – “We Didn’t Expect to Make Money” How The Daily’s Michael Barbaro Became the Ira Glass of the NYT He’s the star of the Times’s most promising new-media franchise. But will his success eventually carry him away from 620 Eighth Avenue?
- InvestLiketheBest – Value is Dead, Long Live Value, with Modest Proposal
- Wired – Facebook Just Learned The True Cost Of Fixing Its Problems
- Forbes – An Unlikely Group Of Billionaires And Politicians Has Created The Most Unbelievable Tax Break Ever
- Sumzero – Interview with CT Fitzpatrick of Vulcan Value Partners
- a16z – On Mentors and Mentees. Everyone talks about the importance of mentorship in our professional development, whether it’s networking to broaden career opportunities or learning from someone more experienced. But how does one break into an industry without established contacts or prior exposure? Are things different if mentors/mentees come from different backgrounds? If you’re already more established in your career, how can you help up-and-comers… and actually, how could mentees help mentors, too?
- TheAtlantic – It’s Tough Being a Right Whale These Days – Credit TP – Life can be awful for giants of the deep—but does it have to be?
- Freakonomics Radio – Has Lance Armstrong Finally Come Clean? He was once the most lionized athlete on the planet, with seven straight Tour de France wins and a victory over cancer too. Then the doping charges caught up with him. When he finally confessed to Oprah, he admits, “it didn’t go well at all.” That’s because he wasn’t actually contrite yet. Now, five years later, he says he is. Do you believe him?
- NYT – When We Eat, or Don’t Eat, May Be Critical for Health – Credit CW – A growing body of research suggests that our bodies function optimally when we align our eating patterns with our circadian rhythms.
- Curbed – Don’t ban scooters. Redesign streets. Cities are regulating mobility startups, but ignoring the real problem—there’s still too much space for cars
- VF – Sex and the City and the Slow Death of the Romantic Comedy. The brilliantly superficial HBO series ended romance as we know it. Which is fine.
This week’s highlights: Criminal Actors, Private Equity’s Bubble, and What to think about Goop?
Fifteen on Friday – 07/27/18 – Issue 294
Happy Friday Everyone,
We are back after some late summer R&R, and starting to get ready for an 8/6 start to school here in Nashville.
This week, I was interviewed by Greg Lewis from the Tennessee Center for Family Business and its Family Business Today Podcast. (Interview here). Greg and I spent about an hour talking about the important of family governance. Here at Woodmont, I work closely with a wonderful mix of families and family-owned companies. While those conversations often center around the management of investment assets, inevitably they turn to discussing how families manage the ‘business of the family.’
As James Madison observed, “If men were angels, no government would be necessary.” The same is arguably true of families. Families who attempt to stay invested together for generations (and not fall prey to the old saying regarding shirtsleeves to shirtsleeves in 3 generations) find themselves facing the same questions that lead to any sort of representative democracy. Greg and I delve into this topic and more in much greater detail.
All the best,
Food for Thought:
- NewYorker – The Man Who Captures Criminals for the D.E.A. by Playing Them. Spyros Enotiades is an actor for hire who specializes in the role of cartel boss, middleman, or money manager in sting operations.
- Medium – Who Was She? A DNA Test Only Opened New Mysteries – Credit SF – How Alice Collins Plebuch’s foray into “recreational genomics” upended a family tree.
- Slate – No Shirt, No Swipe, No Service – Credit CM – Cash is a miracle. So why are more businesses refusing it?
- NYT – An Extremely Detailed Map of the 2016 Election. Election results down to the polling location level – fascinating to see how much group-think may exist in a neighborhood.
- TheAtlantic – How Silicon Valley Has Disrupted Philanthropy Local nonprofits are having trouble attracting money from tech donors. The solution? Talk like a start-up.
- II – Everything About Private Equity Reeks of Bubble. Party On!
- Economist – How bosses should respond to the sound of the clock ticking. Companies have to balance living in the moment against long-term planning
- HBR – How Family Business Owners Should Bring the Next Generation into the Company
- OSAM – The Value Winter. That has not held true since 2010. To summarize the findings through this lens: this period hasn’t been an abnormally strong run for growth companies. Instead, its been a very bad period for the EPS growth of value stocks.
- IA – Billionaire Paul Tudor Jones: Trading, Career and Philanthropy
- NYT – How Goop’s Haters Made Gwyneth Paltrow’s Company Worth $250 Million Inside the growth of the most controversial brand in the wellness industry.
- NYMag – The Most Important Video Game on the Planet. – How Fortnite became the Instagram of gaming.
- NYT – The Water Wars of Arizona Attracted by lax regulations, industrial agriculture has descended on a remote valley, depleting its aquifer — leaving many residents with no water at all.
- Gates – Why diagnosing Alzheimer’s today is so difficult—and how we can do better
- NYT – Two for the Road in 80 Countries (and Counting) – Michael and Debbie Campbell became full time vagabonds when they retired. Here they reflect on 5 years on the road.