Daily Reads 7/8/2019
Hi, everyone. It’s the start of the week, and in today’s reads we gain insight into the ‘Pay-to-Play’ culture of certain mutual fund companies and brokerages, and how their actions are harming investors. A tax loophole with regards to Donar-Advised funds has allowed for massive accumulation of assets among charitable funds, bringing into question the intentions of some of these funds, and their managers. Deutsche announced it will cut 18,000 jobs for a global headcount of around 74,000 employees by 2020, in an attempt to save on costs. And listen to our choice podcast of the week with this episode of ‘Invest Like The Best’, featuring interview with investment thinker and Benchmark Capital partner Bill Gurley, and hear about the observation and opinions about the current market and business landscape. And in a world where we have a seemingly unlimited number of ways to reach people, it turns out our best marketing tool, in the end, is the tried and true email.
From his office in Austin, Texas, Brian Yacktman runs a large-company stock fund that has beaten the S&P 500, and 97% of its peers, over the past five years. This year, the fund, YCG Enhanced, is up 29%, beating the market by nine points.
Today’s “working robber barons” have used a tax break to create a $110 billion charity stockpile, called donor-advised funds. It isn’t getting any smaller.
Deutsche will cut 18,000 jobs for a global headcount of around 74,000 employees by 2022. The bank aims to reduce adjusted costs by a quarter to 17 billion euros ($19 billion) over the next several years.
Listen to this episode of ‘Invest Like The Best’ featuring interview with investment thinking and Benchmark Capital partner Bill Gurley, and hear about the observation and opinions about the current market and business landscape.
Email marketing still has the greatest potential reach. That’s just one of the reasons your email list is your most powerful marketing tool.