Circle of Competence Issue #118

QUOTE OF THE WEEK

"The two most powerful warriors are patience and time." - Leo Tolstoy

FOOD FOR THOUGHT

Circle of Competence Ep. #08 (iTunes, Spotify)

This week, I had a fun conversation with Monick Halm, the founder of Vineyard Investment Partners (Multifamily and Industrial Syndication Platform) and the Real Estate Investor Goddesses network (a women-focused educational platform dedicated to teaching women about the power of owning real estate). We covered her "3 C-s" required before working with someone, how she builds teams, how she scaled from 0-1000 units in less than a year (!), how she picks markets to invest in, and her vision to help 1 million women achieve financial freedom through education and ownership.

Vineyard Investment Partners Website

Real Estate Goddesses Events

Monick's Podcast

If you are a woman looking to learn more about real estate and want to connect with other women interested in investing, I'd highly recommend checking out Monick's podcast and women's network above!

The Latticework

Blas Moros just launched what I consider to be one of the coolest projects I've ever seen - enter The Latticework. He's mapping all of the most important mental models in the major branches of knowledge and creating a community intent on learning and connecting knowledge.

Blas' goals are threefold:

"1. Create a valuable multidisciplinary learning resource

2. Leverage this resource to build an all-in community

3. Leverage this community and its feedback to build better learning tools, enhancing how we read, learn, and collaborate"

Highly recommend checking the site out and signing up for the waiting list.

LINKS

Investing

Sam Zell joins the SPAC party with a new entity focused on industrial services businesses (S-1)

Investors have been making the same mistakes for hundreds of years - just ask Isaac Newton (The Atlantic)

Financial Times' 2020 business book list (Financial Times)

Warren Buffett - a profile and celebration of his 90th birthday (Omaha.com)

A brief history of public and private markets (Investor Amnesia)

The story behind Ken and Diane Hendricks' blue collar billions and ABC Supply Co (Inc.com - h/t @Michael Arrieta)

Geopolitical and Economics

The future of the US Dollar (Foreign Affairs)

Heroin's hidden ingredient is a chemical made by US companies (Bloomberg)

Technology

Ant - potentially the largest IPO in history (Yahoo! Finance)

AI, automation, and the future of work: ten things to solve for (McKinsey)

Balaji Srinivasan - living in the future (David Perell's North Start Podcast)

Peter Thiel-Backed Luminar Nears $3.4 Billion Deal to Go Public (Yahoo! Finance)

Going public circa 2020; door #3: the SPAC (Bill Gurley)

The slow & steady unbundling (aka democratization) of venture capital (Marvin Liao)

Venture capital's role in financing innovation: what we know and how much we stil need to learn (Harvard Business School)

Real Estate

Linda Day Harrison, founder of TheBrokerList.com (The Fort Podcast with Chris Powers)

Stanley Ho - Silicon Valley's residential real estate king (The Hustle)

The San Francisco exodus is real and historic (SF Gate)