Today is a big day for me. It’s my last day a SEED SPOT, the incubator that’s been my work home for the last four years.

Transitions are always moments of reflections for me. It allows me to look back and think of the legacy I’ve left behind. It also provides an opportunity to reset the vision for my future. There’s more to come on the transition but I want note how much gratitude I feel for the work I’ve been able to do over the past years along with the great people I’ve met.

It’s been a great journey and I look forward to starting a new chapter soon!

Every Friday, I share other great content (with some added context) to dive into over the weekend.

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The Art of (Not) Selling - by Chris Cerrone

Compound interest is powerful.

One thing that I’ve learned about investing is that you make your money when you buy, but you determine the size of your returns when you sell.

An illustrative riddle

You are given the choice between two sums of money: one million dollars or a penny that will double every day for 30 days. Which should you choose?

Here are a couple hints. The penny that doubles daily would be worth $1.28 after the first week. After the second week, it would be worth $163.84.

You will probably reason that the penny would be worth more than the one million dollars. (Why, otherwise, all the theatrics?) By just how much, though, might surprise you.

It turns out that after doubling 30 times, the penny would be worth $10,737,418.24!

This is a terrific exercise because it highlights the not-so-obvious power of compound returns (in this case, the penny compounds at 100% for 30 periods).

I say not-so-obvious because you would have been better off taking the one million dollars until the 27th day. But in those final four days, the value of the penny increases from less than $700,000 to more than $10.7 million. Patience and a long-term perspective are required to give the power of compounding an opportunity to do its magic.

Read the full post here.

Racial Equity in Banking Starts with Busting the Myths

Access to affordable credit not only helps families to weather immediate storms and take advantage of short-term liquidity but is also a gateway to wealth-building investments that provide long-term financial stability. For families to achieve economic security and break free from the pull of cyclical poverty, they need to be able to invest in assets that grow or facilitate wealth like homes, education, businesses, etc. Creditworthiness is critical to accessing these opportunities, but without mainstream financial tools and services, it can be difficult to achieve.

This BCG report breaks down many of the myths in banking when it comes to racial equity. It is a place of leverage that can create amazing opportunities for both individuals, families, and communities.

Read the full report here.

The Economics of Hollywood

Great movies don’t get made without money. This video breaks down why product placement and government subsidies drive so much of what you see in the movie industry.

Watch here.

Leave today better than yesterday ✌️.

The song and video you didn’t know you needed this weekend: