05/02/2022: Weekly Briefing
The news about Fidelity allowing bitcoin to be included into 401k plans came as a bit of a surprise to me this week. This doesn’t mean bitcoin will necessarily be included in every 401k plan, but it is still a very strong signal about insitutional money accepting bitcoin as an investment.
To be honest, one of the reasons I was most surprised is that big institutions like Fidelity don’t tend to be the first adopters for things like this…but to my knowledge this is the first institution that’s added any kind of crypto into 401k’s(?). Even though Fidelity has experimented with bitcoin before, I’m still pretty surprised that they included it in reitirement plans, which in my mind I would think woudl veer towards more traditional and less volatile investments.
It will be interesting to watch1) how quickly bitcoin is adopted into the actual plans 2) if other financial insitutions will follow.
Money & Crypto
Breaking down the financial reporting by business unit for BigTech companies (Economist)
Warren Buffett says markets today are a ‘gambling parlour’ (WSJ)
Christine Moy leaving JPM to join Apollo (PYMNTS.com)
How NFTs could be used for subscription paywalls (CoinDesk)
Blockchain enabling micropayments (CoinDesk)
Areas had the most real estate growth post-pandemic (Economist)
Thank You !
Thank you to all of you who have already signed up to share with me your thoughts on investments, money, and crypto. It’s been super fascinating so far, and I can’t wait to share more of the insights I’ve picked up from you all with the broader group.
If you would like to chat with me, sign up here. I’ll be raffling out $20 Amazon gift cards for participants.
Wallet set up
If you’ve been interested in buying crypto, but don’t know where to start, email me at walletstreetpodcast@gmail.com and I’ll set up some time to walk you through how to set things up.
Etc.
A former Gap employee is collecting all of the stores’ playlists from 1995 to 2006 and has them on Spotify
🎥The Netflix documentary that highlights the engineers and astronauts who contributed to SpaceX success is well worth it…(even though I have lots of critiques of Elon Musk and the documentary leaves certain things out about Elon). It really showcases the power of innovation and persistence. Also it was directed by Oscar-winners Elizabeth Chai Vasarhelyi and Jimmy Chin who did Free Solo, 14 Peaks, and Meru (all 10/10’s), so I’m very happy to support them.
🎧Actor and legend Michelle Yeoh on NPR was a great interview about her career (Tomorrow Never Dies, Crouching Tiger, Hidden Dragon) and her new movie Everything Everwhere All at Once
🎧Writer Jessi Klein was both on Fresh Air and the Deep Dive talking about her new book that has an intimate, funny, and dark dive into the ups and downs of becoming a new mother
Podcast Pick of the Week
I made a spotify playlist of all my podcast recommendations. Suscribe and listen to what you like!
🎧I’m usually very skeptical about people who talk about productivity, but this Time and Attention podcast with writer Chris Bailey and economist Ardyn Nordstrom shares concrete tips and provides a new perspective on our daily habits without being condescending or preachy. This episode about how thinking like an economist can improve trade offs and productivity was one of my favs.
Disclaimer: All opinions are my own. The content on this site and on the podcast does not constitute financial, legal, accounting, tax, or investment advice.
