This week’s highlights:  Visualizing the American Dream, Why Family Owned Companies Outperform, and the Benefits of Parmigiano-Reggiano.

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Photo by Elisa Michelet on Unsplash

Fifteen on Friday – Issue 318

Quote of the Week:

“In times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists.”
– Eric Hoffer

Happy Friday,

David


Food for Thought:

Top Read of the Week:  TAG – Visualizing the American Dream

Why It Matters:  So admittedly this isn’t an article, but an hour long lecture, that Harvard Economist Raj Chetty gave recently at Google.  Chetty is one of the premier economists active today who is blending Big Data and data visualization to tell the story of the current state of economic mobility and the American Dream.

Consider as well:

  1. NYT – Steve Jobs Never Wanted Us to Use Our iPhones Like This  The devices have become our constant companions. This was not the plan.
  2. BH – How to Achieve Your Most Important Career Goals in a Fraction of the Usual Time  Plan like a CEO. Execute like a ninja.
  3. HuffPo – I’m Only 9, And I’m Already In College. Here’s What Life Is Like For Me.
  4. NewYorker – Why Tony Romo Is a Genius at Football Commentary  During the past few weeks of N.F.L. playoff games, Tony Romo, a former quarterback for the Dallas Cowboys, has delighted football fans by doing something different: telling them what they’re about to see.

Business/Economics:

Top Read of the Week:  CreditSuisse – The CreditSuisse Family Owned 1000 Companies in 2018

Why It Matters:  The longer-term trend of out-performance of family-owned (in this case publicly traded with significant family ownership) companies is well demonstrated.  Credit Suisse’s “Family 1000” universe has delivered cumulative excess returns in every region and sector since 2006.  This piece delves into why that is the case.

Consider as well:

  1. VC – Visualizing 200 Years of U.S. Stock Market Sectors
  2.  Recode – “Venture capital money kills more businesses than it helps,”  Fried says tech startups are addicted to raising and spending money, and the VC funding cycle is to blame.
  3. Reveal – Facebook knowingly duped game-playing kids and their parents out of money
  4. LinkedIn – After 25 years studying innovation, here is what I have learned

Culture/Tech/Science:

Top Read of the Week: BBC – Italy’s Practically Perfect Food 

Why It Matters:  I don’t know that this “matters” in the grand scheme of things, other than perhaps allowing you to indulge with a little less guilt….”Pound for pound, Parmigiano-Reggiano can compete with almost any food for calcium, amino acids, protein and vitamin A – and is prescribed by doctors to cure ailments.”

Consider as well:

  1.  ESPN – The clash of the Cleveland Browns: How Hue Jackson, Jimmy Haslam and Baker Mayfield collided
  2. TA – Luxury Concierges Battle for the Attention of the Very Rich A last-minute helicopter ride to the Hamptons doesn’t cut it — ultra-wealthy clients are looking for one-of-a-kind experiences.
  3. NYT – Tycoon of the Pre-Owned  Can Silicon Valley survivor Julie Wainwright’s luxury consignment company, the RealReal, save retail?
  4. NYT – Newseum Building to Be Sold to Johns Hopkins for $372.5 Million