Share Now on Social

This week’s highlights: Raising an American Adult, colleges start the discounting game, and where did Jack Sparrow put $650MM?

newpic1

Go Preds!

All of Nashville’s attention was focused last night at one place, Bridgestone Arena, where the Nashville Predators came from behind to tie things up, only to lose in overtime off a deflected puck.  It’s pretty safe to say, and as Deadspin observed this week, Nashville Is A Great Place To Play Hockey.

Food for Thought:

  1. WSJ – How to Raise an American Adult – Credit WES – Many young Americans today are locked in perpetual adolescence. Nebraska Sen. Ben Sasse on how he and his wife are encouraging their own children to become fully formed, independent grown-ups
  2. Esquire – The Power of a Monthly Poker Game.  Just one way to stave off a midlife crisis.
  3. Atlantic – My Family’s Slave. – Credit AC – She lived with us for 56 years. She raised me and my siblings without pay. I was 11, a typical American kid, before I realized who she was.
  4. USC – Will Ferrell’s USC Commencement Speech 2017.  A surprisingly introspective address from the comedian.
  5. NYT – U Can’t Talk to Ur Professor Like This.  Formal manners and titles aren’t elitist. They ensure respect for everyone.

Business/Economics:

  1. TII – My Friend is Beating Me.  Going back to 2010 and assuming a portfolio that invested $1,000 into each of Apple, Amazon, Google and Netflix, and never re-balanced. That $4,000 would be worth over $35,000 today, a 784% gain, compared with the S&P 500 (total return) which gained 149% over the same time.  Yet, the same portfolio would have seen 1 draw-down of almost 50% and 3 greater than 20%.
  2. AiCIO – Understanding PE’s Current Value Proposition.  As more money pours into the sector, concerns regarding the erosion of the illiquidity premium have percolated.
  3. Marketwatch – Every time this happens, Amazon crushes another legacy retailer
  4. ZH – Hedge Fund CIO: “This Is Unprecedented… No Trader Has A Model For This”  “People believe they’re leveraged to all these wonderful things happening in the world.  But they’re simply leveraged to what happens in China.”
  5. WSJ – Private Colleges See Record Discounting Amid Pressure From Cost-Conscious Families – Credit DH – Big discounts from sticker prices help students, but schools aren’t seeing the growth they are after.

Culture/Tech/Science:

  1. HollywoodReporter – Johnny Depp: A Star in Crisis and the Insane Story of His “Missing” Millions  What happened to $650 million? An explosive legal battle between one of Hollywood’s best-paid actors and the business managers he fired has laid bare tumultuous finances, outrageous spending and troubling behavior on Disney’s new ‘Pirates’ movie in a case that could even change how the industry does business.
  2. MJ – The Secrets of Tom Brady’s Personal Trainer
  3. MC – “I Was a Starter Wife”: Inside America’s Messiest Divorce  In the middle of her headline-grabbing divorce settlement from Elon Musk, Justine Musk reveals the truth about her marriage to the multimillionaire cofounder of PayPal.
  4. Wired – How One Startup Built Better Health Insurance with the Magic of Data
  5. Harvard – To age better, eat better – Credit SF – Much of life is beyond our control, but dining smartly can help us live healthier, longer

Share Now on Social