I don’t know who needs to hear this but the Minnesota Timberwolves are the most likeable team in basketball. Legit superstar, play with an attitude, talk shit, don’t foul bait, actually care about defense, and have great people like Conley to root for.
'We had some sad news this week. HEICO said that its long-time CEO Larry Mendelson died. In the 1950s, he took a finance class taught by David Dodd... Mendelson took those lessons to heart. He made a good deal of money in real estate and wanted to diversify his holdings.
That led him to invest in an under-performing industrial company. He really didn’t care what he bought, as long as it was cheap and had potential to be retooled for future growth. He chose well.
Since 1995, the stock has increased more than 1,000-fold.'
RIP Larry Mendelson
He built an extraordinary company — proof that, as Emerson wrote, “An institution is the lengthened shadow of one man.”
https://t.co/O3bCwtlGem
I don’t believe there is such a thing as laziness. Rather, I believe that most people spend their lives working on the wrong thing. No one is a lazy procrastinator in all areas of life. Everyone has something they can do effortlessly for hours. And they tend to do that effortless thing better than they do the thing they are lazy about.
Consider, Andre Agassi who wrote an entire biography about how much he hates tennis and how miserable his life was when he pursued it. It would be fair to call him a 99th percentile player. Then you can look at Novak Djokovic. A journalist asked him what keeps him motivated as the greatest of all time. He said “I can carry on playing at this level because I like hitting the tennis ball…there are [other players on the tour] who don’t have the right motivation. You don’t need to talk to them. I can see it…”.
It boggles my mind how insane it is that the greatest of all time gets to simply enjoy hitting the ball while the merely very good player has to turn to smoking meth at the height of his career?
It shouldn’t be this way, that’s not how the world should work! It should reward the suffering, otherwise what is the point? And yet it does seem to be how it works.
For every Fields Medal winner who strolls around day-dreaming and writing poetry there are a hundred adderall addled grad students sacrificing body and mind to come up empty handed. Just as for every peanut brittle chomping, bridge playing centi-billionaire investor there are a hundred middling hedge fund managers who leap from their balconies at the sight of market turmoil. It ain’t fair and it may be grim, but it is ultimately good news.
Everyone thinks we are making some kind of conscious tradeoff between production and happiness on the production-possibility curve but in reality we are just below the frontier for no good reason. There are not a lot of opportunities out there with a return profile like this one.
At the end of my life I want to play a role in as many people as possible saying something like this: "yeah I was working in this field I didn’t really like and my life was kind of miserable and my output sucked and then I realized I should actually be doing this other thing in this weird niche that no one has ever quite done before but I find myself to be perfectly suited for. Now, I’m great at what I do and am very happy and the world gets to experience one more unique instantiation of greatness than it did yesterday.”
It is tragic that in the course of history so few people have been able to utter words like this. We don’t need to throw up our hands. I know there is a lot more that can be done here than we currently think possible.
This is one of my favorite Peterffy stories that didn't make it into the profile.
In 1982, Peterffy was out to dinner on the Upper East Side with a friend. When they walked into the restaurant, three men at a table near the entrance spotted his friend and invited them over.
All three worked in show business. Peterffy knew none of them. One was Aaron Russo, the music agent and film producer. Another was Melvin Van Peebles, the filmmaker.
After ordering, Russo turned to Peterffy. "So what do you do?"
Peterffy explained that he was a trader, but he'd injured his knee and couldn't stand on the floor anymore. So, he'd hired attractive women to execute his trades. They took instructions over the phone and relayed them to specialists on the exchange floor.
"You mean anybody could do this?" Russo asked.
Peterffy shrugged. "Theoretically, yes."
Russo put his hand on Van Peebles's shoulder. "You mean Melvin here could do it?"
"I think so."
"I'll make you a $10,000 bet," said Russo. "You hire Melvin. If he lasts a year, I'll pay you."
Peterffy agreed.
Van Peebles went through Timber Hill's two-week training course, learning to take Peterffy's instructions and relay orders to specialists. Then he was sent to the American Stock Exchange floor, where he quickly gained popularity. He spent a full year trading for Timber Hill and did a fantastic job. Peterffy collected Russo's $10,000.
A year later, Russo produced Trading Places, the Eddie Murphy and Dan Aykroyd comedy about a wealthy broker and a street hustler whose lives are switched as part of a bet by two rich financiers.
The film earned $120 million in its first year.
Signal Rock is proud to announce the acquisition of Thermae Retreat (@ThermaeRETREAT), a leading holistic wellness destination based in Fort Lauderdale.
Thermae is centered on contrast therapy—sauna and cold plunge—combined with integrative mind-body-spirit practices. This partnership marks Signal Rock’s first platform investment in the wellness sector, part of a $6.3 trillion global market.
Founder Kelly Doyle will continue to lead Thermae, ensuring the same authentic community ethos while gaining the resources to expand. Together, we’ll enhance the guest experience, add new sauna and cold plunge circuits, and lay the groundwork for replicating the model in additional U.S. markets.
We’re thrilled to partner with Kelly and the Thermae team and look forward to building a purpose-driven wellness platform that preserves the sanctuary feel while expanding access to more people.
Read the full press release here: https://t.co/I1VrB2nZgH
I don’t understand why art has grown so unpopular. The literal purpose of a painting is to decorate a blank wall, and we have as many blank walls as ever and yet no one has art. Do we no longer look at our walls?