The Sunday Drive by Mike Allison

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The Sunday Drive - 04/16/2023 Edition

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Weekly Insights from a Financial Provocateur | Mike Allison, Founding Partner of New Lantern Capital, LLC
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The Sunday Drive - 04/16/2023 Edition

Musings and Meanderings of a Financial Provocateur

Apr 16, 2023
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The Sunday Drive - 04/16/2023 Edition

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A Sunday Drive Around the Internet

šŸ‘‹šŸ» Hello friends,

Welcome to the 53rd edition of the Sunday Drive. Happy Anniversary! I can’t believe a whole year has passed since we began… and boy, what a year it’s been.

Let's take it easy and enjoy a leisurely Sunday Drive around the internet. Ā 

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Vibin'

New Wave music was never really my thing as a teenager, being more the guitar band sort of fan. But… I was always impressed with the creative minimalism that The Cars brought to their songs. This week I’m vibin’ to Moving in Stereo from their 1978 self-titled debut album… and it has ABSOLUTELY NOTHING to do with the swimming pool scene from Fast Times at Ridgemont High. šŸ˜‰

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šŸ’­ Ā Quote of the Weekā€Œ

"The pessimist sees difficulty in every opportunity. The optimist sees opportunity in every difficulty." - Winston Churchill

šŸ’­ Ā Bonus Quote of the Weekā€Œ

ā€œNever bet against optimism. It always wins.ā€ - The Dragon Slayer

šŸ“ˆ Ā Charts of the Week

Note the growth in Non-Bank Financial Intermediary (NBFI) assets. If there’s a place where the Federal Reserve Bank’s epic interest tightening cycle could break things, it might very well be the ā€œShadow Banking Systemā€.

šŸš™ Interesting Drive-By's

šŸ¤” Steve Jobs’ Legacy for Builders - Life can be much broader once you discover one simple fact—and that is: everything around you that you call life was made up by people that were no smarter than you.

😁 What Makes You Happy - The richest you’ll probably ever feel is when you get your first paycheck, and your bank account goes from $5 to, perhaps, $500. The contrast that generates might be greater than going from $10 million to $20 million. Going from nothing to something is so much more powerful than going from a lot to super a lot.

šŸ™šŸ» Easily Distracted? You Need to Think Like a Medieval Monk - Focusing wasn’t much easier in the time before electricity or on-demand TV. In fact, you probably have a lot in common with these super-distracted monks.

šŸ“ˆ OpenAI: the Next Tech Giant? - It’s pretty rare for a company to transition from a research lab to a developer infrastructure provider to a behemoth consumer app in just a few years. But given the launch of ChatGPT plugins last week, there’s a fair chance this could end up being the story of OpenAI.

🧐 Life Expectancy and Inequality - America is seeing the greatest gap in life expectancy across regions in the last 40 years.

šŸ“ž Weekly Call 2 Action

Given how the calendar works out this tax year, TAX DAY is Tuesday, April 18th - not April 15th (aka ā€œYesterdayā€). So if you haven’t finished your taxes yet, you can think of this year’s deadline as a sort of ā€œDaylight Savings Time for Taxesā€.

šŸ‘‹šŸ¼ Parting Thought


If you have any cool articles or ideas that might be interesting for future Sunday Drive-by's, please send them along or tweet 'em at me.

ā€ŒI hope you have a relaxing weekend and a great week ahead. See you next Sunday...

Your faithful financial provocateur,

-Mikeā€Œ

If you enjoy the Sunday Drive, I'd be honored if you'd share it with others.ā€Œā€Œ

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