Mika to younger women: We have paved the long career runway for you – and it's beautiful
30/50 Summit vice chair and MSNBC contributor Huma Abedin interviewed 30/50 Summit chair Mika Brzezinski about why she started the Know Your Value movement and launched the '50 Over 50' list with Forbes, as well as what the global International Women's Day gathering means to her.
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2 hours ago
- Yahoo
Hedge fund titan Bill Ackman shares the secret that got him through his lowest moments
At a financial conference, billionaire Bill Ackman shared the life advice that he says got him through a tumultuous time in his life. Applying the principle of compounding interest to his personal life, he said he tried not to look back, because that will depress you, but instead tried to improve a little bit every day. Billionaire hedge fund manager Bill Ackman is known for his activist approach to investments—and, lately, to politics. His personal life has been just as dramatic. In the mid-2010s, Ackman went through an expensive divorce, saw his firm Pershing Square Capital Management lose billions of dollars, and nearly lost control of the company—all within the span of a few years. Ackman shared the story on stage at the Forbes Iconoclast Summit in New York on Thursday. 'I was going through a divorce, which is great financial pressure. The fund was down 30-something percent,' he told Forbes Editor-in-Chief Steve Forbes. 'And then the industry, if you will, sort of ganged up on us,' he said, shorting stocks that Pershing Square owned and going long stocks the fund was shorting, most notably Herbalife. Ackman unwound a position in Valeant by dumping Pershing's stake, which ultimately lost the fund nearly $4 billion. But with the backing of a $300 million loan from JPMorgan Chase, he solidified control of his fund. It was a particular mindset that helped him make it through those years, Ackman recalled. Applying the principle of compounding interest to his personal life, he said, 'my method was just trying to make a little progress every day.' He quipped, 'If you make 0.1% progress every day, it doesn't sound like a lot—but annualized!' So that's what Ackman reminded himself every day, he told Forbes. 'I'm going to make progress. I'm not going to look back to where I was. If I look there, I'm going to get discouraged. I'm just going to focus on the next step, and then the next step, and the next step,' he said. 'You don't notice any meaningful change for the first few weeks,' he added. 'About 90 days in, you're like, 'Okay, I'm here … and I'm just going to keep compounding.'' The curve of progress doesn't look like much initially, Ackman said, but soon—thanks to compounding—it takes off. While Ackman's near-professional-death experience was particularly stark, he believes his approach to progress can benefit anyone. 'All of us are going to have a moment like this, unfortunately… It could be a health issue. It could be you're fired from your job, your startup fails,' he said. 'And it's even harder when you've fallen from a high place to a low place.' After several years in a low place, Ackman is today back on top. His net worth nearly doubled last year to an estimated $8 billion after a new valuation round for Pershing Square. And while his divorce from his first wife reportedly cost a nine-figure amount, Ackman is now happily remarried to designer Neri Oxman. This story was originally featured on
Business Insider
5 hours ago
- Business Insider
Real estate investors say mid-term rentals are the 'sweet spot,' offering a way around Airbnb red tape and more cash flow than long-term rentals
When the COVID pandemic erased virtually all of Zeona McIntyre's Airbnb bookings, she found a solution in mid-term rentals. "I was really open to doing whatever I needed to get my properties rented," the Colorado-based property investor told Business Insider. She started listing her properties on Furnished Finder, which is geared toward traveling professionals and specializes in 30-day plus stays, and was surprised by the hit rate and relative ease of the process. "I realized there are tons of people looking all the time for longer stays — and longer stays are kind of awesome because people don't need as much from you. They're OK to go buy their own toilet paper and change the batteries because they're living there." What started as an attempt to combat Airbnb vacancies evolved into her preferred rental strategy. "My bread-and-butter is these mid-term rentals," said McIntyre, who is the author of " 30-Day Stay." "I want a longer tenant in there, and I don't want to have to think about it for three months." Massachusetts-based investor Dana Bull also pivoted to mid-term rentals, but for a different reason: to withstand rising interest rates. The average 30-year fixed mortgage rate surged to 8% in 2023 and lingered in the 6s and 7s in 2024. Higher interest rates mean higher monthly payments, which can eat into an investor's cash flow. Bull has been renting to long-term tenants for more than a decade, but to make the numbers work on her most recent acquisition, a charming single-family home she found in 2023 and couldn't pass up, she turned to mid-term rentals, which she says are more time-intensive, but also more profitable. The 'sweet spot' of rentals Real estate investors tend to agree that, while long-term rentals can produce consistent, relatively passive income, these leases generate less revenue a month compared to short-term rentals. However, short-term rental properties present unique challenges, such as constant tenant turnover, managing multiple bookings, and ever-evolving country-specific rules and regulations. Then, there are mid-term rentals — or, the "sweet spot" of real-estate investing, according to McIntyre — which are properties listed for longer than 30 days but less than a year. In her experience, they're "a whole different vibe from short-term rentals and way less stressful." One major stressor she faced in hosting on Airbnb and VRBO was the evolving rules around permits and licenses. "Short-term rentals have been under scrutiny, and the ever-tightening regulations are constantly changing," she said. "But there is sort of this magic number that, as soon as a listing is over 30 days, these rentals get classified into a long-term rental bucket and then you don't have the extra taxes or have to have a short-term rental permit." That was a contributing factor in Manny Reyna's decision to incorporate mid-term rentals into his overall strategy. "Within San Antonio, you need an STR permit through the city," said Reyna, who rents two single-family homes and two tiny homes in the San Antonio metro. "The permit is $450 just to apply, and you have to pay county taxes and city taxes on the revenue. It's called a hotel tax, and it's really high." However, if you're listing a 30-day stay, "you don't necessarily have to worry about the STR taxes," said Reyna. "It's a little bit of a loophole, if you will. It's also a good middle ground, because the cash flow is higher than long-term rentals." That said, hosting mid-term stays will require upfront work. You're catering to a completely different customer, and leasing can be a challenge because mid-term rentals are less mainstream, explained Bull. "If you want a long-term rental, you know you're going to be on Zillow or work with a real-estate agent. If you want a short-term rental, you also have set channels: You have Airbnb, Vrbo." The equivalent for mid-term rentals is Furnished Finder, "but it's not very well known, and it's not nearly as big as something like Airbnb," she said. A hybrid approach While Reyna prefers mid-term tenants, he wants to cater to a broad customer base and still lists his properties on Airbnb, VRBO, Hipcamp, and Facebook Marketplace when there's a gap between mid-term tenants. "I try to do a shotgun approach to see who's going to bite first," he said. Seattle-based investor Peter Keane-Rivera also uses a hybrid model for his 70s-themed " Groovy Guest House," which he initially listed exclusively as a short-term vacation rental. He enjoys the work that goes into managing a short-term rental — "it does allow you to provide a unique service and really to have control over the quality of that service," he said — but offering 30-plus day stays will generate more consistent revenue during the slow season when people are traveling less. "In the summertime, it pulls in a lot — in June and July, I made almost $5,000 on a one-bedroom in the outskirts of Seattle," he said, referring to the Airbnb income. "But in the wintertime, there are lower margins. I'd rather get something closer to market rent rates, not have to worry about it for four to five months during the slowest seasons, and then spin it back up for spring, summer, and fall to maximize the return." Toggling between short- and mid-term rentals is "a real asset," he said, adding that if he expands to a second Airbnb unit, he'd use the same strategy. "For eight months out of the year, I'd run it as an Airbnb and then during the low season, run it as a mid-term rental."
Yahoo
14 hours ago
- Yahoo
Indiana Fever Get $370 Million Update Amid Caitlin Clark's Second Season
Indiana Fever Get $370 Million Update Amid Caitlin Clark's Second Season originally appeared on Athlon Sports. The city of Indianapolis has always been a basketball town, but the energy around the sport has never been higher than it is right now. With the Indiana Pacers in the NBA Finals and the Indiana Fever electrifying the WNBA, basketball fever has truly taken over. Advertisement The Fever are thriving. Their games are selling out, resale ticket prices are through the roof, and Caitlin Clark jerseys are flying off the shelves. While drafting Clark was a major turning point, the franchise's rise goes beyond just one player. Several contributors, along with league-wide growth, have pushed the team's value to new heights. Forbes recently revealed new franchise valuations on Instagram, highlighting the Fever's dramatic surge in value: "Introducing The #WNBA's Most Valuable Teams. It's much bigger than #CaitlinClark—optimism around the league's future has sent franchise values skyrocketing, to an average of $272 million, ahead of a critical club sale. Check out the full 2025 list at the link in our bio." According to Forbes, the Indiana Fever are now the second most valuable franchise in the WNBA, behind only the New York Liberty. The Liberty benefit from the country's largest media market, but the Fever's momentum is undeniable. Forbes valued Liberty at $400 million and Indiana at $370 million. Advertisement In the article, Forbes noted: 'Over the last two years, the WNBA's business has soared above the rim, with league-wide attendance reaching 2.4 million during the 2024 regular season—up 48% year-over-year—and more than 54 million unique viewers tuning in to national telecasts.' Indiana Fever guard Caitlin Ruszkowski-Imagn Images The Fever, specifically, led the WNBA in both revenue and attendance: Revenue: $32 million in 2024 Attendance: 17,000 per game — even edging out the NBA's Pacers in the same arena Social Media: Most-followed women's basketball team online These numbers underscore the Fever's transformation into a major sports brand. Caitlin Clark, who's now in her second WNBA season, is currently sidelined with a left quadriceps injury. Before being ruled out, she was averaging 19.0 points and 6.0 rebounds over her first four games. Advertisement Fever fans are hopeful she'll return soon. In the meantime, Indiana travels to face the Chicago Sky on Saturday and the Atlanta Dream on Tuesday. They return home on June 14 to host the New York Liberty, a matchup loaded with star power. Related: Caitlin Clark's Former Teammate Lands New Team After 0 Minutes with Indiana Fever Related: WNBA's Historic Announcement Means Bad News for Indiana Fever Star This story was originally reported by Athlon Sports on Jun 6, 2025, where it first appeared.
