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1. How much can you know about yourself if you've never been in a fight?
The first rule of Fight Club is you DON'T talk about Fight Club. But the first rule of activist investing is you HAVE to talk about your activist investment.
But, like ranch dressing on pizza, just because you can do something, doesn't mean you should.
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Activist investing might seem easy on paper: identify and invest in a company in turmoil; develop a thesis for how to fix it; gain shareholder support and control; execute on said plan and sell for a profit. But the current market environment (i.e. - high rates) doesn't lend itself to deals, which complicates an exit strategy.
However, this isn't Cohn's first rodeo. Despite being only 42 years old, Cohn has seen his fair share of activist battles. He's spent nearly two decades working under billionaire Paul Singer, a legendary activist investor in his own right.
Jerks don't always get ahead at work, contrary to popular opinion.Universal Pictures
2. Can I interest you in a shift to the cloud? THL managing director Mark Benaquista details how the public cloud has become a key part of the private-equity firm's pitch to acquisition targets. Here's how THL incorporates the cloud in its investing playbook.
3. More cuts at Goldman. Don't worry, we're not talking about people this time. Instead, the bank is trimming some of its $59 billion worth of alternative investments within its asset management group, Reuters reports. More on the dead weight it's looking to drop.
5. Banks are teaming up to compete with PayPal and Apple. From the great minds that brought you Zelle, big banks like JPMorgan Chase and Bank of America are joining forces to launch a digital wallet, The Wall Street Journal reports. Here's more on their plan to fight back against some payment players.
8. It's nice to be nice. Turns out that nice people don't always finish last when it comes to their careers. A recent study found that people who are selfish, combative, and manipulative might not always end up at the top of the corporate ladder. More on why the bad guys don't always win.
9. Dear AI, please save my portfolio. Insider's Phil Rosen wanted some investing advice from ChatGPT. What he got was a five-part strategy. Is it better than a human finanical advisor? You be the judge.
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10. Boxers, briefs, or bare bottoms? It turns out going commando might actually have some health benefits. But, to be clear, going sans underwear comes with its own set of... risks. Read more here.
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