Happy Friday –

Tennessee schools wrapped this week and just like that summer is upon us!

Best wishes for your holiday weekend!

David

Featured Articles: 

• TheAtlantic – The Diminishing Returns of Having Good Taste  The internet makes most information instantly available. What if that’s why mass culture is so boring?
• ModernAge – Japan’s Southern-Style Conservatism – This was thought provoking – “Out of histories of defeat comes a sense of solidarity and respect for tradition.”
• WSJ – Disagreements Are Healthy. How to Stop Making Them Toxic.  Plan ahead. Actively listen. And discuss how to move forward.
• TheAtlantic – The One Place in Airports People Actually Want to Be Inside the competition to lure affluent travelers with luxurious lounges
• Duke – Jerry Seinfeld | Duke’s 2024 Commencement Address  If you saw the headlines, but haven’t watched this yet – there is a ton of wisdom in these 17 minutes.

Business / Markets:

• WSJ – Blackstone to Grant Equity to Most Employees in Future U.S. Buyouts – This may be one of the most important trends with broad ranging implications  – Effort follows a broad-based ownership push by KKR and others
• FT – Most of us have too much in bonds – an interesting perspective from Charley Ellis –  Investors are going to be investing for so long that a fixed income-laden portfolio is far from optimal for them
• BanyanGlobal – The Power of “Psychological Succession”
• Acadian – Don’t Blame Indexing for Your Problems  Is passive investing distorting the price setting mechanism of markets?
• CNBC – Are consumers pulling back on spending? It depends on which CEO you ask

Others…

• LA Times – A UCLA doctor is on a quest to free modern medicine from a Nazi-tainted anatomy book – Credit ML
• WSJ – We’re Spending Billions on This Work-From-Home Indulgence  Without the boss nearby, who can resist placing that Amazon order?
• MarquesBrownlee – I Tried a Disney Secret Project!  The Holotile infinite floor/360 treadmill could be sick for VR.