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BoomerVille: The Pall

 From euphoria and how-smart-we-were-to-invest to, yes, a pall. Darkness makes it through all parts of our lives. Another bad day. Dow Jones Industrial Average INDEXDJX: .DJI 51,125.23 0.44% −224.69 today Sep 30, 3:09 PM EDT •  Disclaimer

Goldman Sachs' John Waldron Could Still Have a Novel in Him - It's You, Not Your Major

  According to The Wall Street Journal Goldman Sachs' president John Waldron could be movin' on up. It could be to the CEO spot in 2027.  The coverage highlights that Waldron majored in English and assumed he would be a writer. That snippet could generate tons of page views, likes, comments and reposts. That's because this is an era of intense controversy over which majors will be the platform for earning a good living. Well, being a top player in professional services doesn't rule out that Waldrom could still knock out some creative writing. Prominent lawyers John Grisham and Scott Turow have conjured up bestselling novels.  That reality of succeeding in the hard-nosed professional services sector and having embedded literary talents screams this: It's not your major. It's you. In college, where he wrote for the school newspaper, Waldron attended a summer whatever on business at the University of Chicago. He was open. The Ah-Ha moment came: Yes, business could...

BoomerVille: Maybe Not Another Debbie Downer Last Day of September

  Dow Jones E-mini Futures Future 51,778.00 +76.00 +0.15%

PE Makes Its Move into US Law Firms: Massumi + Consoli Partners Take Haircuts, Controversy Could Shift, Reddit Balks

That was fast, at least for the tradition-bound legal sector.  It was just in 2021 that the warning went up : Private equity could be heading for law firms. And there would be an effective workaround for ABA Model Rule 5.4. That was when TowerBrook Capital Partners purchased a stake in accounting firm EsinerAmper.  As we know, firms ranging from McDermott to Quinn Emanuel did have discussions with PE players. Then Morgan and Morgan actually took a step. It hired JP Morgan to explore selling a stake to investors, including PE firms. Now there's a living model for how this can be done. And the world gasps what could become undone. Bloomberg Law reports that transactional law firm Massumi + Consoli, founded by Kirkland & Ellis alumni:   " ... sold a piece of its operations to Dallas-based Trive Capital after splitting off the firm’s administrative functions into a separate entity."  BL then adds: "Certain Massumi + Consoli partners agreed to a one-time 'scra...

Vacations: For Some Sacred, For Others ...

  Caveman might have stolen a few hours from survival to paint animals on the walls of their habitat. But, back then, there was no concept of taking a week or two off from the routine and do art.  The notion of a "vacation" didn't kick in for the mainstream until the late 1900s . Growing labor rights and accessible transportation facilitated the trend. Eventually the majority not only felt entitled to a week or two away, not just a day trip, but became determined to follow through annually on their wanderlust. So, here we are. Carnival Cruise head Josh Weinstein can document with the corporation's revenue numbers two things: 1) Americans consider a real vacation sarcosanct, and 2) They will do at least one of those during the year in bad times as well as good.  Given that cruise demand is way up even in this inflationary period, so is Carnival's stock price. Right now (3:00 PM ET), it's increased almost 13%. It was interesting to pick up at a community meet...

Neel Sachdev's Personality-Driven Practice at Paul, Weiss: Rewards and Risks

At Paul, Weiss' London office, his home since November 2023, Neel Sachdev has as many titles as a royal: "Vice Chair of the Firm, Global Co-Chair of Finance & Capital Markets, Co-Head of the London office and a member of the firm’s Executive Committee."  And by the recent profiles of him in the influential FT and LawFuel , it seems the guy enjoys his iconoclastic multi-dimensional branding.  As a lawyer his signature is extreme agression, high visibility.  As a man about town he identifies with his 1977 red Mercedes.  As an entrepreneur he has reached into property development.  A run for public office could be in the cards. That aggregate or at least aspects of that might have been the secret sauce Sachhdev leveraged to transform a sleepy London outpost of Paul, Weiss into a prominent profit center. That result was likely anticipated when Brad Karp and Scott Barshay shook hiim loose from Kirkland & Ellis about three years ago.  But, almost like t...

BoomerVille & Nest Eggs: It's Zen Mantra "Clear Thinking, Don't Know"

What to think as the futures signal maybe another bad week for our nest eggs?  Markets Stocks Business Tech Markets Lifestyle Military & Defense Reviews Video Level Up Community Games Dow Jones E-mini Futures Future 51,996.00 -167.00 -0.32% 10:37:43 PM CBE Maybe the only answer is Not To Think. In my coaching I am guiding clients to lean into the Zen mantra: Clear Thinking, Don't Know.  Isn't that the reality. We don't know. Those projecting about the future are simply putting a fantasy out there.  Careers. Forget all that. It’s about earning a good living, no matter what. Complimentary consultation with Jane Genova, StreetSmart Coaching (janegenova374@gmail.com)