The Big Picture

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10 Wednesday AM Reads

My mid-week morning train WFH reads: • Deliver a safe, effective COVID-19 vaccine in less than a year? Impossible. Meet Moncef Slaoui. As science adviser of Operation Warp Speed, the veteran pharmaceutical executive helped usher a coronavirus vaccine to the US market in record time. (USA Today) • Peak Oil Is Suddenly Upon Us It’s often difficult to...

Oversampling: Did Covid Impact Polling?

    I have been working on a post-2020 “Lessons for Investors” column, when I stumbled upon an interesting Nate Silver post mortem discussion (above + ABC). His pre-election forecast was a 90/10% likelihood of a Biden victory. While that was correct, lots of the rest of the polling industry forecasts were wildly off. Silver notes “Polls did call...

10 Tuesday AM Reads

Welcome to December! My Two-for-Tuesday morning train WFH reads: • ‘It’s Been Amazing’: November’s Record Moves in Charts November that will go down in the history books. Small caps rose the most on record, Bitcoin reclaimed an all-time high and gold slumped the most in four years. Advances on vaccine trials sparked a furious rotation into stocks that...

MiB: The Deals that Reshaped Wall Street

Consider all of these deals: The spinout of Blackrock from Merrill Lynch; the purchase of Merrill Lynch by Bank of America; the sale of the Miami Marlins baseball team; the conversion of the Rockefeller Family Office into a Wealth Management firm; even the sale of SALT – The Mooch’s firm – so he was free to work in the White House. How is it that...

Transcript: Greg Fleming

      The transcript from this week’s, MiB: Greg Fleming, Rockefeller Capital Management, is below. You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, Bloomberg, and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~   This is Masters in...

10 Monday AM Reads

My back to work morning train WFH reads: • Goodbye, San Francisco. Hello, Austin. The question of who gets paid what, where, continues to drive a lot of these decisions. Reddit became the latest company to say it doesn’t matter: It’ll pay people the same no matter their hometown. But that argument is far from over. It might be really easy for well-connected,...

Bartlett: GWB Looks Worse in Hindsight

Bush Doesn’t Look Better in Hindsight. He Looks Worse. The forty-third president set the stage for a world-historical dimwit to run the nation into the ground. Bruce Bartlett TNR November 23, 2020     I always thought George W. Bush wasn’t very bright and never liked him. I’ve never met him, but everyone I know who knew him thought he was a lightweight....

10 Sunday Reads

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • 20 days of fantasy and failure: Inside Trump’s quest to overturn the election: The result was an election aftermath without precedent in U.S. history. With his denial of the outcome, despite a string of courtroom defeats, Trump endangered America’s democracy,...

MiB: Greg Fleming, Rockefeller Capital Management

    This week, we speak with Greg Fleming, founding CEO of Rockefeller Capital Management based on the prior Rockefeller Family Office. They have about $43 billion in AUM. Previously, Fleming was President of Morgan Stanley Wealth Management and served as Chief Operating Officer of Merrill Lynch, where he ran Merrill’s Global Investment Banking business....

10 Weekend Reads

The weekend is here! Pour yourself a mug of Brazil Daterra Estate Sweet Blue RFA coffee, grab a seat by the fountain, and get ready for our longer form weekend reads: • Everyone you know uses Zoom. That wasn’t the plan “Our company that used to be a 100% enterprise-focused, is now powering the world. It’s powering governments, education, social activities…...

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