Wealth Actually

First off, we're sending best wishes to our listeners. Hopefully, everyone is getting by with the onset of the coronavirus. We have a long way to go to get back to some semblance of normalcy, so take care of yourselves.

As always, Haven Pell's writings can be found here:

PUNDIFICATOR.

In this podcast, Haven and I take on the coronavirus' various impacts on society.

We got a taste of the generation gap when we heard about the spring-breakers in Florida:

https://www.youtube.com/watch?v=oa4i9Ap6dCg

John Branch — normally a sports writer, but with no sports to write, wrote an interesting article on the "late adopters" to the public health crisis that has changed the world:

Deniers and Disbelievers: "If I Get Carona, I Get Carona"

Between these two examples, we try to take the politics out of it and make sense of where "normal life" fits in the pandemic world now . . . and later when the world assimilates the new virus reality into everyday life.

Some of the activities affected in the virus' progression: rock climbing, Mardi Gras, strip club/lap dance, cherry blossoms, self-quarantine

The NYC experience (social distancing): Trader Joe’s vs Whole Foods and the recognition of crowding dangers for older people  

DC walk- the parks getting used- packed, in fact!

"Essential travel": Essential to all . . . or to me? 

Remote work: Positive developments to come from this experience

Remote work and the hope that technology (ex. Zoom) for the concept improve. 

The difference between “in person” and “on camera’ skills 

Media presences . . . is the online / on camera experience going to be even more important in regular jobs going forward if we are all teleconferencing?

Collegiate environment . . . What does college look like now that it's online. Are we going to be missing the personal interactions on campus?

How are we absorbing media on this? Is a little the right amount?

Should we hear from anyone other than professionals and analysts? We certainly like to hear from doctors on issues of "Public health!"

STAY SAFE, EVERYONE!

https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

Housekeeping: Podcasts drop on Thursday usually in time for your commute- you can subscribe on most of your favorite outlets. HAVEN PELL's blog can be found here: PUNDIFICATOR

(Ep.47 was recorded in early December before the primary season and the onset of the Corona Virus and the market tumult . . .)

SUSAN PAGE in the USA TODAY from Early December on the Divided America- https://www.usatoday.com/story/news/politics/elections/hiddencommonground/2019/12/05/hidden-common-ground-americans-divided-politics-seek-civility/4282301002/

* The Divided America- Is "Partisanship" as bad as it feels?* Centrists as the new radicals* Rancor Fatigue* Is the skill of nuanced debate a lost art?* Strong (economic) motivations for polarized parties* Does instagram fame lead to argumentative success?* Has the Bell Curve fallen to the concept of Long Tail (Niche) Marketing?* Does cable viewership really tell you what the middle of the Bell Curve are thinking?* Running out of money in the political process?* 98% of the job in politics is fundraising- is that right?* Parallels in hiring- would you use the political process to hire someone?* Is the popularity contest a good proxy for the skills in the job?* 69% of Americans deal with disagreements in a destructive way and it's getting worse! Public accountability for one's online presence . . .* Philip Howard- has the country devolved with mindless compliance? Can individuals be responsible for their own thoughts? * Outcomes vs Rules-Based rule-making? * Has compliance culture created anger in the constituents AND the regulators? Am I only allowed to do what I'm told?* Political parties as businesses. Third Parties . . . . Duopolies protecting themselves. Ross Perot. John Anderson. Jill Stein. Bloomberg and the ill-fated "path to the math."

WEALTH ACTUALLY CAN BE FOUND BELOW . . .

https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

Housekeeping: Podcasts drop on Thursday usually in time for your commute- you can subscribe on most of your favorite outlets. HAVEN PELL's blog can be found here: PUNDIFICATOR

(Ep.47 was recorded in early December before the primary season and the onset of the Corona Virus and the market tumult . . .)

SUSAN PAGE in the USA TODAY from Early December on the Divided America- https://www.usatoday.com/story/news/politics/elections/hiddencommonground/2019/12/05/hidden-common-ground-americans-divided-politics-seek-civility/4282301002/

The Divided America- Is "Partisanship" as bad as it feels?Centrists as the new radicalsRancor FatigueIs the skill of nuanced debate a lost art?Strong (economic) motivations for polarized partiesDoes instagram fame lead to argumentative success?Has the Bell Curve fallen to the concept of Long Tail (Niche) Marketing?Does cable viewership really tell you what the middle of the Bell Curve are thinking?Running out of money in the political process?98% of the job in politics is fundraising- is that right?Parallels in hiring- would you use the political process to hire someone?Is the popularity contest a good proxy for the skills in the job?69% of Americans deal with disagreements in a destructive way and it's getting worse! Public accountability for one's online presence . . .Philip Howard- has the country devolved with mindless compliance? Can individuals be responsible for their own thoughts? Outcomes vs Rules-Based rule-making? Has compliance culture created anger in the constituents AND the regulators? Am I only allowed to do what I'm told?Political parties as businesses. Third Parties . . . . Duopolies protecting themselves. Ross Perot. John Anderson. Jill Stein. Bloomberg and the ill-fated "path to the math."

WEALTH ACTUALLY CAN BE FOUND BELOW . . .

https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

Housekeeping: Podcasts should land generally land on Thursdays. You can subscribe to the podcasts on major podcast networks.

HAVEN PELL'S Blog can be found here: PUNDIFICATOR

On this week's podcast, we have some back and forth on the emerging prevalence of public relations and its increasing importance in corporate strategy.

Discussion outline below . . .

* The Dangers of the "Spindustry".* The use of avatars to represent climate change- are they created or natural occurring representatives.* Naomi Seibt- as the counterpoint to Greta Thurnberg on climate change- is she a "created" representative. NYPOST: GRETA vs NAOMI* The Potential Damage to Unwitting Avatars (especially those pulled out of central casting)* Coronavirus- Catastrophists vs. Slow Adopters. How did views change so quickly? (This was recorded before the Rudy Gobert news and the cancellation of the major sports events)* The Innovation of Adoption Lifecycles- Innovators, Early adopters, Early Majority, Late Majority, Laggards.* "Abundance of Caution" vs "Self Quarantines Don't Work in Democracies."* How does one project calm and competence (before having proved these traits)?* What happens when people have to actually rethink their lives?* Is there a consequence to being over-confident?* The Tylenol case- a good example of PR driving the corporate strategy.* Crisis Management: Doing the right thing, being smart legally and defending the brand and the business. * The tension between the PR strategy and the legal strategy . . .* Strategy by Avatar may not work- I can't remember Naomi Seibt's name!!! * ESG investing and Public Relations- how is reputation/PR scored?* Is it reputation well understood in the investment world? Significant?

https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

Housekeeping: Podcasts should land generally land on Thursdays. You can subscribe to the podcasts on major podcast networks.

HAVEN PELL'S Blog can be found here: PUNDIFICATOR

On this week's podcast, we have some back and forth on the emerging prevalence of public relations and its increasing importance in corporate strategy.

Discussion outline below . . .

The Dangers of the "Spindustry".The use of avatars to represent climate change- are they created or natural occurring representatives.Naomi Seibt- as the counterpoint to Greta Thurnberg on climate change- is she a "created" representative. NYPOST: GRETA vs NAOMIThe Potential Damage to Unwitting Avatars (especially those pulled out of central casting)Coronavirus- Catastrophists vs. Slow Adopters. How did views change so quickly? (This was recorded before the Rudy Gobert news and the cancellation of the major sports events)The Innovation of Adoption Lifecycles- Innovators, Early adopters, Early Majority, Late Majority, Laggards."Abundance of Caution" vs "Self Quarantines Don't Work in Democracies."How does one project calm and competence (before having proved these traits)?What happens when people have to actually rethink their lives?Is there a consequence to being over-confident?The Tylenol case- a good example of PR driving the corporate strategy.Crisis Management: Doing the right thing, being smart legally and defending the brand and the business. The tension between the PR strategy and the legal strategy . . .Strategy by Avatar may not work- I can't remember Naomi Seibt's name!!! ESG investing and Public Relations- how is reputation/PR scored?Is it reputation well understood in the investment world? Significant?

https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

The Impact of Fanboys, Haters and Cancelling on Social Media and Internet Culture-

Haven and I hit these topics . . . .

* Fanboys and Haters in Wealth Management and Financial Twitter

* Hater Culture in Politics

* Creating Adversaries as a Marketing Strategy (Us vs. the World)

* Do Presidents make Markets or Economies (The Head Coach Analogy)

* The "New News Cycle" and what it does to the markets

* Brady, Belicheck and the Patriot Effect

* Recessions and Economies in Political Cycles

* Moneyball for Politics (Michael Lewis, Bill Clinton and other examples)

* Binary politics and the destruction of nuance

https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

The Impact of Fanboys, Haters and Cancelling on Social Media and Internet Culture-

Haven and I hit these topics . . . .

Fanboys and Haters in Wealth Management and Financial Twitter

Hater Culture in Politics

Creating Adversaries as a Marketing Strategy (Us vs. the World)

Do Presidents make Markets or Economies (The Head Coach Analogy)

The "New News Cycle" and what it does to the markets

Brady, Belicheck and the Patriot Effect

Recessions and Economies in Political Cycles

Moneyball for Politics (Michael Lewis, Bill Clinton and other examples)

Binary politics and the destruction of nuance

https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

* A quick reminder to subscribe on iTunes, Google Play and Android! * Podcasts normally drop on Thursday mornings before the EST commute. * Haven's blog can be found here: PUNDIFICATOR* Nothing on the blog or podcast is investment advice

The Democratic Party is in full swing with Bernie Sanders making an early run in Iowa, New Hampshire and Nevada. However questions about his ideas and electability persist.

Joe Biden has stumbled out of the blocks. Elizabeth Warren tries to re-establish her initial leap forward.

Mayor Pete, Tom Steyer, and Amy Klobuchar are trying to build additional momentum as the make their case.

And Michael Bloomberg lurks with the great political equalizer . . . money. Lots of it made as he built his media empire. He also has a record of achievement as the Mayor of New York and as a poor debater after his performance in Nevada.

After watching Donald Trump sweep through a traditional Republican slate in 2016 and shock the world by beating Hillary Clinton in the general election, what should we make of this? What will happen in South Carolina, Super Tuesday and beyond?

Check out the latest polling at https://www.realclearpolitics.com/

HAVEN AND I TAKE A LOOK AT THESE ISSUES:

- The Democratic Party's tension between the need to "Beat Trump" vs. the negatives of "Buying the Election."

- What is the coming DNC dilemma with Bernie Sanders?

- Is the debate format counterproductive?

- What would be the advice to Mayor Bloomberg at this point?

- Without having the benefit of talking to him, what is Trump’s reaction to all of this? 

Bloomberg's Presence Would Soon Be Felt . . .

https://www.axios.com/newsletters/axios-am-bc324364-4a0f-47e6-9302-d32f7a37647a.html?chunk=0&utm_term=emshare#story0

https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

A quick reminder to subscribe on iTunes, Google Play and Android! Podcasts normally drop on Thursday mornings before the EST commute. Haven's blog can be found here: PUNDIFICATORNothing on the blog or podcast is investment advice

The Democratic Party is in full swing with Bernie Sanders making an early run in Iowa, New Hampshire and Nevada. However questions about his ideas and electability persist.

Joe Biden has stumbled out of the blocks. Elizabeth Warren tries to re-establish her initial leap forward.

Mayor Pete, Tom Steyer, and Amy Klobuchar are trying to build additional momentum as the make their case.

And Michael Bloomberg lurks with the great political equalizer . . . money. Lots of it made as he built his media empire. He also has a record of achievement as the Mayor of New York and as a poor debater after his performance in Nevada.

After watching Donald Trump sweep through a traditional Republican slate in 2016 and shock the world by beating Hillary Clinton in the general election, what should we make of this? What will happen in South Carolina, Super Tuesday and beyond?

Check out the latest polling at https://www.realclearpolitics.com/

HAVEN AND I TAKE A LOOK AT THESE ISSUES:

- The Democratic Party's tension between the need to "Beat Trump" vs. the negatives of "Buying the Election."

- What is the coming DNC dilemma with Bernie Sanders?

- Is the debate format counterproductive?

- What would be the advice to Mayor Bloomberg at this point?

- Without having the benefit of talking to him, what is Trump’s reaction to all of this? 

Bloomberg's Presence Would Soon Be Felt . . .

https://www.axios.com/newsletters/axios-am-bc324364-4a0f-47e6-9302-d32f7a37647a.html?chunk=0&utm_term=emshare#story0

https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT

Haven and I reached back into the archives (December) as we discuss GLOBALIZATION:

(To reiterate we are NOT providing investment advice, just a discussion of international relations issues that we find interesting)

We heavily reference the below presentation from Ken Mehlman's group. It is worth opening up in a new tab.

https://mehlmancastagnetti.com/wp-content/uploads/De-Global-2019.pdf

1) The World: Leadership & Direction Up for Grabs

2) Major Economies: Aging Fast

3) Internet Policy: Regionalism Replacing Globalism

4) Populism: The New Path to Power

5) U.S. Politics: Anti-Globalists Ascendant

6) U.S.-China: The Great Decoupling

7) Business: Evolving Strategies for Braving the New World

8) Government Economists: Fewer Fiscal / Monetary Tools

9) Leadership: New Global Players Emerging

10) Super-Disruptors: Climate, Debt, Technology & Urbanization

Other interesting issues pop up around our discussion of China as the news of the CORONAVIRUS was in its infancy and nowhere near the level of publicity that is occurring right now.

Another concept that we touch on throughout this presentation is "Are things better than we think?" Stephen Pinker has written a book on that topic . . . https://stevenpinker.com/taxonomy/term/4265?page=1

We also discuss Sarah Chase and the impact on the regression of trust in governmental institutions. . . https://en.wikipedia.org/wiki/Sarah_Chayes

Enjoy . . . and don't forget to subscribe!

https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1-ebook/dp/B07FPQJJQT