Latest news with #NYUSternSchoolofBusiness
Yahoo
4 days ago
- Business
- Yahoo
6 Books the Wealthy Are Reading This Summer
J.P. Morgan recently published its 2025 Summer Reading List. Here's a glimpse at six of the new books that it recommended for summer reading. These aren't your typical beach reads. You won't find any novels with action-packed plots or whodunit mysteries. These are all new releases in the nonfiction category. Check Out: Read Next: Looking through the descriptions of these books, you'll see a trend. The subjects and tones of each of these reads suggests that the rich aren't so much thinking about money as they are their core purposes in life and ways to optimize their relationships and businesses. They're seeking out techniques for living richer in a philosophical and nonmaterial sense. Let's look at six books that might be must-reads. 'Life in Three Dimensions: How Curiosity, Exploration, and Experience Make a Fuller, Better Life' by Shigehiro Oishi, PhD investigates concepts that we both individually and collectively have positioned as North Stars in all aspects of life: 'happiness' and 'meaning.' Oishi explores how these abstractions form 'traps' that inhibit our ability for enrichment — and discusses potentially better ways to frame and achieve a 'good' life. Learn More: 'Becoming You: The Proven Method for Crafting Your Authentic Life and Career' by Suzy Welch is a humorous, poignant and well-researched book that delves deep into core questions such as 'What is my purpose?' and 'What was I born to be?' Based on Welch's popular NYU Stern School of Business class of the same name, 'Becoming You' provides an easy-to-follow 13-part methodology to help readers find their truest selves. Are you having the same arguments with colleagues again and again? Is your business starting to slip into a rut? Do you feel like no matter what you do, you're just not growing or evolving? 'Reset: How to Change What's Not Working' by Dan Heath could be a transformative read for anyone in a leadership position. The book tackles how to reboot your and your team's motivation so that at last you can get things working in a healthy, lasting way. Physical strength will get you far in the gym, but it's mental strength that will get you far in your personal and professional life. In 'Iron Hope: Lessons Learned from Conquering the Impossible', James Lawrence, a self-motivated athlete who completed 50 full-distance triathlons in 50 states in 50 consecutive days, discusses how to commit fully to yourself and build indestructible will power. What's an understanding of one's modern-day raison d'être without serious consideration of the emerging revelation of artificial intelligence and its expanding impact on our lives, both personally and professionally? 'Raising AI: An Essential Guide To Parenting Our Future'' by De Kai tackles the tech movement du jour with a unique approach, perceiving AI technologies not as our overlords but as our children. How do we do right by our nonhuman kids who need us now more than ever? To truly understand our way of being, we must assume an objective perspective — one that considers how people in radically different cultures and societies exist. As its title suggests, 'The Values Compass: What 101 Countries Teach Us About Purpose, Life, and Leadership' by Mandeep Rai explores how people think, build, create and love in places we may have never heard of, let alone visited. The Dalai Lama called this book a demonstration of 'how interconnected we are and how the divisions that exist between us stem from acting with narrow self-interest rather than concern for the good of our human family.' List sourced from J.P. Morgan's Summer Reading List More From GOBankingRates 6 Hybrid Vehicles To Stay Away From in Retirement Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck This article originally appeared on 6 Books the Wealthy Are Reading This Summer
Yahoo
4 days ago
- Business
- Yahoo
6 Books the Wealthy Are Reading This Summer
J.P. Morgan recently published its 2025 Summer Reading List. Here's a glimpse at six of the new books that it recommended for summer reading. These aren't your typical beach reads. You won't find any novels with action-packed plots or whodunit mysteries. These are all new releases in the nonfiction category. Check Out: Read Next: Looking through the descriptions of these books, you'll see a trend. The subjects and tones of each of these reads suggests that the rich aren't so much thinking about money as they are their core purposes in life and ways to optimize their relationships and businesses. They're seeking out techniques for living richer in a philosophical and nonmaterial sense. Let's look at six books that might be must-reads. 'Life in Three Dimensions: How Curiosity, Exploration, and Experience Make a Fuller, Better Life' by Shigehiro Oishi, PhD investigates concepts that we both individually and collectively have positioned as North Stars in all aspects of life: 'happiness' and 'meaning.' Oishi explores how these abstractions form 'traps' that inhibit our ability for enrichment — and discusses potentially better ways to frame and achieve a 'good' life. Learn More: 'Becoming You: The Proven Method for Crafting Your Authentic Life and Career' by Suzy Welch is a humorous, poignant and well-researched book that delves deep into core questions such as 'What is my purpose?' and 'What was I born to be?' Based on Welch's popular NYU Stern School of Business class of the same name, 'Becoming You' provides an easy-to-follow 13-part methodology to help readers find their truest selves. Are you having the same arguments with colleagues again and again? Is your business starting to slip into a rut? Do you feel like no matter what you do, you're just not growing or evolving? 'Reset: How to Change What's Not Working' by Dan Heath could be a transformative read for anyone in a leadership position. The book tackles how to reboot your and your team's motivation so that at last you can get things working in a healthy, lasting way. Physical strength will get you far in the gym, but it's mental strength that will get you far in your personal and professional life. In 'Iron Hope: Lessons Learned from Conquering the Impossible', James Lawrence, a self-motivated athlete who completed 50 full-distance triathlons in 50 states in 50 consecutive days, discusses how to commit fully to yourself and build indestructible will power. What's an understanding of one's modern-day raison d'être without serious consideration of the emerging revelation of artificial intelligence and its expanding impact on our lives, both personally and professionally? 'Raising AI: An Essential Guide To Parenting Our Future'' by De Kai tackles the tech movement du jour with a unique approach, perceiving AI technologies not as our overlords but as our children. How do we do right by our nonhuman kids who need us now more than ever? To truly understand our way of being, we must assume an objective perspective — one that considers how people in radically different cultures and societies exist. As its title suggests, 'The Values Compass: What 101 Countries Teach Us About Purpose, Life, and Leadership' by Mandeep Rai explores how people think, build, create and love in places we may have never heard of, let alone visited. The Dalai Lama called this book a demonstration of 'how interconnected we are and how the divisions that exist between us stem from acting with narrow self-interest rather than concern for the good of our human family.' List sourced from J.P. Morgan's Summer Reading List More From GOBankingRates 10 Unreliable SUVs To Stay Away From Buying 10 Cars That Outlast the Average Vehicle This article originally appeared on 6 Books the Wealthy Are Reading This Summer
Los Angeles Times
23-05-2025
- Business
- Los Angeles Times
Trump Media is looking to sell investment funds, raising ethics questions
The Trump brand has been used to hawk cryptocurrencies, Bibles, steaks and guitars. Now the US president's media company is laying the groundwork to sell investment funds. Trump Media & Technology Group Corp., which is majority owned by Donald Trump, plans to sell offerings tied to his agenda. The parent of the Truth Social platform, where the president is also a prominent poster, has announced plans for and trademarked the names of a group of financial products under the banner—investments that will potentially benefit from the president's policies with bets on energy, crypto and domestic manufacturing. The proposed products include exchange-traded funds, or portfolios that trade like stocks that can be purchased through most brokers. Details on the products' structures and strategies are still scarce. ETFs are subject to approval by regulators, and no public filings are available yet. Yet the brand-building has already begun. So have the arguments. Critics see a sitting US president having a financial stake in the success of funds that are associated with his brand and his politics, built on strategies that he can influence from the White House. 'These transactions fly in the face of government ethics standards,' says Michael Posner, professor of ethics and finance at NYU Stern School of Business. 'When you're president, the assumption is that 100% of your energy is devoted to serving the country—not monetizing your public platform.' The administration says the president is walled off. 'President Trump's assets are in a trust managed by his children,' Deputy Press Secretary Anna Kelly said in a statement. 'There are no conflicts of interest.' Trump Media did not respond to a request for comment. US presidents aren't required under federal law to divest assets, but past leaders have done so or used blind trusts to avoid perceived conflicts. Trump, however, has maintained financial exposure through family-controlled structures. Right before taking office again, he transferred about $4 billion worth of Trump Media shares to a trust controlled by his son Donald Trump Jr. But the arrangement is not a blind trust with independent oversight. The concern among ethics experts isn't only the ownership. It's the overlap between policy and potential monetary benefit. The funds could rise and fall in line with decisions the president makes in office. Protectionist policies aimed at various sectors and countries could help the proposed Made in America ETF, which is set to bet on reshoring. Deregulatory moves in favor of crypto may boost a Bitcoin-themed ETF. And so on. The crypto angle is a familiar one. Trump and his family have already profited from the digital-asset boom, hyping up a cryptocurrency bearing his name. Such so-called memecoins have no underlying value as investments, but creators of Trump's coin recently held a promotion offering top holders a private dinner with the president. A company affiliated with the Trump Organization owns a large chunk of the Trump memecoins. Another Trump family-linked company, World Liberty Financial, has also issued its own cryptocurrencies, including a dollar-linked digital token called a stablecoin. World Liberty recently announced the coin would be used to complete a $2 billion transaction between a state-backed Abu Dhabi company and the overseas crypto exchange Binance. Senators Elizabeth Warren of Massachusetts and Jeff Merkley of Oregon have said the stablecoin offers 'opportunities for unprecedented corruption' because the Trump family can benefit financially from the use of its product. In its ETF announcement, Trump Media said the proposed products, which include portfolios known as separately managed accounts in addition to ETFs, offer a conservative alternative to 'woke' investing. It's a niche currently occupied by funds including the Point Bridge America First ETF and the God Bless America ETF, among others. Both have gathered only modest assets, as have left-leaning ETFs, thanks in part to a saturated ETF market that's making life harder for newbie issuers. There are already about 60 ETFs based on Bitcoin, a tally that's grown by at least 22 this year. In addition, there are more than 60 funds tied to energy, including coal, and at least three from issuers including Tema and BlackRock Inc.'s iShares based on reshoring and manufacturing, according to data compiled by Bloomberg. Trump Media 'will be depending on its brand recognition to set its ETFs apart among a crowd of competing products,' says Roxanna Islam, head of sector and industry research at ETF shop TMX VettaFi. 'A strong political following may help gather initial support, but in the long run, flows will ultimately depend on ETF basics like fees and performance.' The company has announced plans to seed the funds with as much as $250 million. It's working with trading platform and investment firm Yorkville Advisors to help run the funds. Still, its biggest unrivaled asset is Trump himself. Even if he's not an explicit spokesperson, almost everything he does makes him a potential ad for the company. 'What a competing fund doesn't have is a person who's in the news literally every day who can then talk about these things,' says Philip Nichols, a professor of legal studies and business ethics at the Wharton School of the University of Pennsylvania. Hal Lambert, who runs the MAGA ETF and has raised money for Trump's presidential runs, dismisses concerns about conflicts. For one, the president's views on issues such as domestic manufacturing have been publicly known for decades. There are more direct ways to have a seat at the table than buying an ETF, he says; people can give money to campaigns or political action committees, for instance. 'I just don't know that that stuff would work on him,' Lambert says. 'Trump does what he wants to do.' Hajric writes for Bloomberg
New York Post
21-05-2025
- Business
- New York Post
The one trait CEOs ‘would kill for' in an employee — according to famed business maven
Execution is killer. A Harvard-trained career expert has revealed the most 'underrated' quality that employers are looking for from new hires. Suzy Welch, a Harvard grad who currently serves as a professor at NYU Stern School of Business, revealed in a column for CNBC that the 'most underrated' skill of highly successful people is execution. Advertisement Recently, one of Welch's students came to her complaining about the results of a 360 feedback report from her former bosses and coworkers prior to getting her MBA, saying that they were 'atrocious' — but Welch disagreed. 'Stop beating yourself up!' she said to the student. 'Any CEO would kill for someone like you. I'm serious. Look at this feedback! It says you're conscientious, reliable, decisive…' 'But I want to be a leader,' the student protested. 'This just says I'm an operator.' Advertisement Welch immediately clocked the issue, one that she said is common with her students in their 20s and 30s. Suzy Welch revealed that the 'most underrated' skill of highly successful people is execution. KayExam/ – Rather than recognizing the student's skills and ideas, like the ability to recognize trends or her detailed data analysis, or saying that she inspired the team, the feedback praised the student's ability to execute — 'to get stuff done. Fast. Early. Perfectly. Always.' These highly ambitious students who aspire to have impressive careers lack something that Welch learned with decades of experience. Advertisement 'Execution is your career's killer app,' Welch declared. 'Time and time again, I've been in the room where it happens — where promotion decisions get made, and sadly, sometimes where 'departure' decisions happen as well,' she explained. 'And time and time again, I've seen a person's ability to execute be the deciding factor.' A person's skills to anticipate any roadblocks and fix them, to be dependable around deadlines and tasks, to get things done both quicker and at a higher quality, and their ability to take accountability for actions and outcomes are all qualities that are essential to a CEO, Welch explained. 'Their tendency to walk a whole lot more than talk,' she said. Advertisement Welch believes that 'every boss in the world' wants execution. bnenin – 'It's funny. When people are early in their careers, they almost always understand that integrity is essential in business,' Welch noticed. 'It takes a few years to come to see that great execution is a form of integrity, too.' Welch believes that 'every boss in the world' wants execution — small stuff included, such as getting to work early and going to meetings prepared. But what they really want to see, she said, is when employees say, 'I've got this,' and then prove that they do. It is true that sometimes the execution comes more naturally to some people while others have to put in more effort. But while good ideas and people skills do matter in the workplace, 'the cold hard truth of business is that the biggest, most unsung career amplifier and accelerator is the quality of your execution.'
CNBC
13-05-2025
- Business
- CNBC
What new grads get wrong about the job search, says Harvard-trained career expert
Suzy Welch thinks that most new grads are approaching their career search backwards. As a professor at NYU Stern School of Business, she's seen firsthand the pressure that graduates face to find a job – any job – as soon as possible. In her view, students are encouraged to pursue the short-term goal of finding employment over the long-term work of identifying the right career path. "Students can come out of college without having gotten an education in the most important thing that they need, which is who we are and our purpose," she says. Since 2021, Welch has taught "Becoming You," a course she created to help students discover their values, goals and innate gifts, at NYU, where she also serves as the director of the Stern Initiative on Purpose and Flourishing. In her course, students take a variety of unique tests to determine their "area of transcendence": the career path that best aligns with their values and aptitudes and provides financial security. Welch shares those lessons in her bestselling new book "Becoming You: The Proven Method for Crafting Your Authentic Life and Career," which debuted on May 6. These are her best tips for new graduates entering the job market. Before diving into the job hunt, Welch urges young professionals to pause and look within. "Do not try to get a job until you know who you are. Do that work first," she says. "You think the hardest thing is going and finding a job, but the hardest thing is going and finding yourself. After that, finding a job is easier." She recommends asking yourself these key questions: "Who am I? What are my values? What am I uniquely good at, and what is calling me emotionally and intellectually?" In Welch's experience, many high-achieving graduates find themselves on a "conveyor belt" toward popular industries like finance, tech and consulting, even though those industries may not be the best match for their unique skills and interests. At Welch's alma mater Harvard, a survey of the class of 2024 found that 21% of 2024 graduates plan to work in finance, 16% will work in tech and 13% will pursue consulting, according to the Harvard Crimson. Welch encourages new grads to consider a broader range of careers and industries when they begin their job search. Otherwise, she says, "you're going to go to the job market and try to retrofit your personhood to the world, whereas in fact, you need to know who you are, and then go find the places in the world that are actually meant for you." Welch compares being on the wrong career path to trying to sign your name with your non-dominant hand. Once you switch to the correct hand, the writing flows much more easily. "You can avoid getting on the wrong conveyor belt if you just do the work up front of figuring out your values, your aptitudes and your interests so that you can identify your purpose and then go towards it," Welch says. "You need to know who you are, and then go find the places in the world that are actually meant for you." If that's not enough to convince you, Welch has another hard truth to deliver. "Here's the dirty little secret that no one tells you: if you wedge yourself into the job that you're good enough at, but that is not truly 'you,' you actually wash out of it at around age 40." That's when companies start culling high-level, highly compensated employees who are performing well, but not thriving, she says. After taking her course, Welch says, several of her previous students chose to leave prestigious positions to pursue a more authentic path. Though changing course in your job search might "make people's heads explode," according to Welch, "in the long run, it's going to build the right career."
