This week’s highlights:  Surviving Your 40s, Value Investing in Venture Capital, and the Issue with Hermes.

bookstand

Fifteen on Friday – 05/11/18 – Issue 284

Happy Friday and Happy Steeplechase Weekend to those in Nashville,

May the odds be in your favor tomorrow, if you are playing the ponies.  In case it is helpful as you start pulling together your beach reading for the summer, I posted a list and quick highlights of the Books I Read in April.  There are a few gems in there that would be well worth your time.

All the best,

David

Food for Thought:

  1. NYT – Meet the Renegades of the Intellectual Dark Web – Credit GR – An alliance of heretics is making an end run around the mainstream conversation. Should we be listening?
  2. NYT – How to Survive Your 40s
  3. GQ – The Great High School Impostor What Artur Samarin pulled off at a school in small-town Pennsylvania is one of the boldest hoaxes of our time.
  4. NYT – At Rockefeller Auction, They Came. They Bid. They Mostly Lost.
  5. NYP – Despite the glamour, the Met Gala is ‘not an enjoyable evening’ The first Monday in May has come and gone…despite the pomp and circumstance, maybe this is one hard to get ticket you wouldn’t want?

Business/Economics:

  1. IFG – A Value Investor Lost in the Valley, with Chris Douvos.  Patrick O’Shaughnessy’s podcast has become required material for any investor.  This interview is one of the best – an inside look at the VC world.
  2. Medium – The Hyperfragmentation of Retail and Why the Biggest Winners are Digital Ad Platforms, not Microbrands.  
  3. HBR – Why Talented People Don’t Use Their Strengths
  4. Adventure.Es – How to Acquire Your First Small(er) Company
  5. TeamCoCo – Learn How Rich You Could Have Been With Hindsight Financial – Credit PK – Find out how many years earlier you could have retired if you were better at investing your money.

Culture/Tech/Science:

  1. BI – 17 insider facts about shopping at Costco only employees know
  2. NYP – How Robin Williams was being torn apart and couldn’t fight back.
  3. Bloomberg – Nashville’s Wall Street Crowd to Score 87% Savings on Home Taxes – Credit JC – More money, less to spend it on. A shorter trip to work, less to do with the free time. These are some of the trade-offs facing employees of AllianceBernstein Holding LP.
  4. Medium – Hermès is not a luxury brand.   “The entire customer experience is contrary to the brand. Hermès wants to stand for craftsmanship and for beauty. And what they end up standing for is the subordination of the human to money.”
  5. Guardian – Avicii: the poster boy for EDM who struggled with the spotlight.  The death of the 28-year-old Swedish DJ and producer marks a tragic end to an illustrious career underpinned by pressure.