My end-of-week morning train WFH reads:
• The Great $110 Trillion Wealth Transfer Won’t Happen Any Time Soon : Financial advisory firms like to talk about a looming event called “the great wealth transfer,” where the huge and very wealthy baby-boomer generation dies off and their children inherit their money. But the process may be more of a slow drip than a sudden windfall. The two generations that hold the most wealth are baby boomers, who are between age 61 and 80, and Gen X, who are between 45 and 61. Americans 55 and up control most wealth, and many of them have decades of living left. ( Wall Street Journal )
• Will the anti-obesity wonder drugs work wonders for the US economy? Unlike artificial intelligence, the impact of GLP-1 medications may already be happening in a big way. ( Faster Please )
• Wall Street’s Wisest Man : The renowned investment wizard Charley Ellis (Chair Yale Endowment, BoD Vanguard Group)) from June 2001. It still rings true, because wisdom never goes out of style.…